Barnes & Noble Education (NYSE:BNED) Posts Quarterly Earnings Results

Barnes & Noble Education (NYSE:BNED) announced its quarterly earnings data on Tuesday. The specialty retailer reported $0.19 EPS for the quarter, FiscalAI reports. Barnes & Noble Education had a negative net margin of 0.56% and a negative return on equity of 22.09%. The business had revenue of $515.09 million during the quarter.

Barnes & Noble Education Price Performance

Shares of BNED stock traded down $0.13 during trading hours on Tuesday, hitting $8.37. The company had a trading volume of 162,307 shares, compared to its average volume of 311,581. Barnes & Noble Education has a 12 month low of $5.90 and a 12 month high of $12.21. The firm has a market capitalization of $286.84 million, a price-to-earnings ratio of -29.88 and a beta of 1.41. The firm’s fifty day moving average is $8.62 and its 200 day moving average is $8.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.41.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Barnes & Noble Education in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Barnes & Noble Education

A number of large investors have recently bought and sold shares of BNED. Police & Firemen s Retirement System of New Jersey acquired a new stake in Barnes & Noble Education in the 2nd quarter valued at about $40,000. Royal Bank of Canada boosted its stake in Barnes & Noble Education by 261.1% during the 4th quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 2,872 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Barnes & Noble Education by 205.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 2,910 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Barnes & Noble Education during the third quarter worth $57,000. Finally, Bank of America Corp DE boosted its position in shares of Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after buying an additional 5,733 shares during the period. 38.51% of the stock is currently owned by institutional investors.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.