Barnes & Noble Education (NYSE:BNED) Stock Rating Lowered by Sidoti

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Barnes & Noble Education (NYSE:BNED) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a $4.00 price objective on the specialty retailer’s stock. Sidoti’s price objective indicates a potential upside of 23.08% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. TheStreet downgraded shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a research report on Wednesday, June 26th. ValuEngine raised shares of Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 6th.

Shares of NYSE:BNED opened at $3.25 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 1.16 and a debt-to-equity ratio of 0.71. Barnes & Noble Education has a fifty-two week low of $2.89 and a fifty-two week high of $7.78. The firm has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $3.88. The company has a market cap of $209.95 million, a PE ratio of 6.30 and a beta of 1.75.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Tuesday, August 27th. The specialty retailer reported ($0.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.17. Barnes & Noble Education had a negative net margin of 0.89% and a positive return on equity of 7.23%. The business had revenue of $319.70 million during the quarter, compared to the consensus estimate of $327.57 million. During the same quarter in the prior year, the firm earned ($0.82) EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year.

In other Barnes & Noble Education news, EVP Kanuj Malhotra sold 21,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $4.48, for a total value of $94,080.00. Also, Chairman Michael Huseby bought 25,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was purchased at an average price of $3.60 per share, with a total value of $90,000.00. The disclosure for this purchase can be found here. 3.12% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BNED. BNP Paribas Arbitrage SA grew its position in Barnes & Noble Education by 108.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 4,848 shares during the last quarter. SG Americas Securities LLC grew its position in Barnes & Noble Education by 40.2% in the 1st quarter. SG Americas Securities LLC now owns 25,159 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 7,210 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Barnes & Noble Education by 154.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,717 shares of the specialty retailer’s stock worth $209,000 after purchasing an additional 30,176 shares during the last quarter. Spark Investment Management LLC grew its position in Barnes & Noble Education by 18.8% in the 1st quarter. Spark Investment Management LLC now owns 420,900 shares of the specialty retailer’s stock worth $1,767,000 after purchasing an additional 66,487 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Barnes & Noble Education by 27,914.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,925,312 shares of the specialty retailer’s stock worth $12,286,000 after purchasing an additional 2,914,870 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

About Barnes & Noble Education

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

See Also: P/E Growth (PEG)

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