Barnes & Noble Education Inc (NYSE:BNED) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 441 call options on the company. This is an increase of 748% compared to the typical volume of 52 call options.

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Finally, Craig Hallum restated a “buy” rating and set a $10.00 target price (down previously from $16.00) on shares of Barnes & Noble Education in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Barnes & Noble Education has an average rating of “Hold” and an average price target of $10.92.

Barnes & Noble Education (BNED) opened at $7.96 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 1.32. Barnes & Noble Education has a 12-month low of $4.99 and a 12-month high of $13.15. The firm has a market cap of $362.65, a price-to-earnings ratio of 20.89, a P/E/G ratio of 0.77 and a beta of 1.14.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Tuesday, December 5th. The specialty retailer reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.12. Barnes & Noble Education had a net margin of 0.84% and a return on equity of 2.55%. The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $868.17 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. Barnes & Noble Education’s revenue for the quarter was up 15.1% on a year-over-year basis. analysts expect that Barnes & Noble Education will post 0.5 EPS for the current year.

In other news, major shareholder Abrams Capital Management, L.P sold 1,039,022 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $7.82, for a total value of $8,125,152.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.46% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC lifted its position in Barnes & Noble Education by 1.3% during the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 154 shares during the last quarter. Texas Permanent School Fund lifted its position in Barnes & Noble Education by 0.8% during the second quarter. Texas Permanent School Fund now owns 28,147 shares of the specialty retailer’s stock valued at $299,000 after purchasing an additional 235 shares during the last quarter. Citigroup Inc. lifted its position in Barnes & Noble Education by 1.3% during the second quarter. Citigroup Inc. now owns 44,055 shares of the specialty retailer’s stock valued at $469,000 after purchasing an additional 560 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Barnes & Noble Education by 4.6% during the second quarter. Public Employees Retirement System of Ohio now owns 13,817 shares of the specialty retailer’s stock valued at $147,000 after purchasing an additional 602 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in Barnes & Noble Education by 1.5% during the second quarter. GSA Capital Partners LLP now owns 59,282 shares of the specialty retailer’s stock valued at $630,000 after purchasing an additional 882 shares during the last quarter. Institutional investors and hedge funds own 67.71% of the company’s stock.

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About Barnes & Noble Education

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

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