Barnes & Noble Education (BNED) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Barnes & Noble Education (NYSE:BNED) from a hold rating to a sell rating in a research note issued to investors on Wednesday, May 2nd.

Barnes & Noble Education opened at $6.14 on Wednesday, MarketBeat.com reports. The company has a quick ratio of 0.46, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. Barnes & Noble Education has a 52-week low of $6.09 and a 52-week high of $6.20.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Thursday, March 1st. The specialty retailer reported ($6.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($6.11). The company had revenue of $603.39 million for the quarter, compared to the consensus estimate of $595.83 million. Barnes & Noble Education had a negative net margin of 12.31% and a negative return on equity of 41.88%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share.

In related news, major shareholder Abrams Capital Management, L.P sold 47,387 shares of the stock in a transaction on Friday, April 27th. The stock was sold at an average price of $7.44, for a total transaction of $352,559.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.46% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Barnes & Noble Education by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 287,669 shares of the specialty retailer’s stock worth $1,982,000 after buying an additional 9,614 shares in the last quarter. Rhumbline Advisers boosted its position in Barnes & Noble Education by 13.3% during the fourth quarter. Rhumbline Advisers now owns 89,853 shares of the specialty retailer’s stock valued at $740,000 after purchasing an additional 10,521 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Barnes & Noble Education during the fourth quarter valued at about $102,000. TCW Group Inc. boosted its position in Barnes & Noble Education by 7.0% during the fourth quarter. TCW Group Inc. now owns 191,247 shares of the specialty retailer’s stock valued at $1,576,000 after purchasing an additional 12,447 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Barnes & Noble Education by 40.8% during the third quarter. Wells Fargo & Company MN now owns 49,549 shares of the specialty retailer’s stock valued at $322,000 after purchasing an additional 14,369 shares in the last quarter. 70.28% of the stock is currently owned by institutional investors and hedge funds.

About Barnes & Noble Education

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and private/parochial K-12 schools in the United States. The company operates in two segments, Barnes & Noble College and MBS Textbook Exchange. 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 etextbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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