Barnes & Noble Education (NYSE:BNED) Trading Down 11.5% – Here’s Why

Barnes & Noble Education, Inc. (NYSE:BNED) fell 11.5% during mid-day trading on Thursday . The company traded as low as $11.14 and last traded at $11.51. 721,119 shares changed hands during trading, an increase of 162% from the average session volume of 275,584 shares. The stock had previously closed at $13.01.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st.

Barnes & Noble Education Price Performance

The stock has a market cap of $401.19 million, a PE ratio of -0.39 and a beta of 2.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.42 and a current ratio of 1.31. The business has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $11.29.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Tuesday, September 10th. The specialty retailer reported ($3.07) EPS for the quarter. Barnes & Noble Education had a negative return on equity of 6.95% and a negative net margin of 5.57%. The business had revenue of $263.43 million during the quarter.

Institutional Investors Weigh In On Barnes & Noble Education

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Barnes & Noble Education by 104.0% during the 3rd quarter. Geode Capital Management LLC now owns 152,839 shares of the specialty retailer’s stock valued at $1,416,000 after buying an additional 77,932 shares during the last quarter. DCF Advisers LLC purchased a new stake in Barnes & Noble Education in the 2nd quarter worth approximately $496,000. Centiva Capital LP purchased a new position in shares of Barnes & Noble Education during the third quarter valued at approximately $169,000. Finally, State Street Corp raised its stake in Barnes & Noble Education by 40.9% in the third quarter. State Street Corp now owns 35,463 shares of the specialty retailer’s stock worth $328,000 after buying an additional 10,300 shares in the last quarter. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.