Barnes & Noble Education (NYSE:BNED) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Barnes & Noble Education, Inc. (NYSE:BNED) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.81 and traded as low as $10.60. Barnes & Noble Education shares last traded at $11.12, with a volume of 303,746 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st.

Barnes & Noble Education Stock Up 1.1 %

The firm has a fifty day simple moving average of $10.81 and a 200-day simple moving average of $10.56. The company has a market capitalization of $335.81 million, a PE ratio of -0.33 and a beta of 2.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings results on Monday, December 9th. The specialty retailer reported $1.91 earnings per share (EPS) for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Hedge Funds Weigh In On Barnes & Noble Education

A number of hedge funds have recently bought and sold shares of the company. Kanen Wealth Management LLC raised its stake in Barnes & Noble Education by 49.6% during the fourth quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer’s stock valued at $23,748,000 after buying an additional 784,576 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 77,932 shares in the last quarter. Centiva Capital LP bought a new position in Barnes & Noble Education during the third quarter worth $169,000. State Street Corp boosted its holdings 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 purchasing an additional 10,300 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Barnes & Noble Education during the fourth quarter valued at $49,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education Company Profile

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.