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Barnes & Noble Education Target of Unusually High Options Trading (NYSE:BNED)

Defense World ·  09/02 13:51

Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) was the target of unusually large options trading on Wednesday. Stock investors purchased 5,383 put options on the company. This is an increase of 2,271% compared to the typical volume of 227 put options.

Barnes & Noble Education Price Performance

Shares of NYSE:BNED opened at $2.69 on Friday. Barnes & Noble Education has a one year low of $1.90 and a one year high of $12.01. The stock has a fifty day moving average of $2.75 and a 200-day moving average of $3.25. The company has a market capitalization of $140.82 million, a PE ratio of -1.96 and a beta of 1.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.57 and a current ratio of 1.28.

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Barnes & Noble Education (NYSE:BNED – Get Rating) last released its earnings results on Wednesday, June 29th. The specialty retailer reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $260.83 million during the quarter. Barnes & Noble Education had a negative net margin of 4.54% and a negative return on equity of 22.04%.

Hedge Funds Weigh In On Barnes & Noble Education

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Barnes & Noble Education by 48.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 54,990 shares of the specialty retailer's stock worth $374,000 after acquiring an additional 17,901 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Barnes & Noble Education in the first quarter worth $146,000. PDT Partners LLC acquired a new position in shares of Barnes & Noble Education in the fourth quarter worth $140,000. Titleist Asset Management LTD. acquired a new position in Barnes & Noble Education during the first quarter worth $90,000. Finally, Greenhaven Road Investment Management L.P. increased its position in Barnes & Noble Education by 13.3% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 2,085,768 shares of the specialty retailer's stock worth $14,204,000 after buying an additional 244,685 shares during the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BNED has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their price objective on Barnes & Noble Education to $4.00 in a report on Monday, July 4th. StockNews.com raised Barnes & Noble Education from a "sell" rating to a "hold" rating in a research note on Wednesday, July 20th. Finally, Craig Hallum decreased their price target on Barnes & Noble Education to $5.00 in a research note on Monday, July 4th.

About Barnes & Noble Education

(Get Rating)

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. 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.

See Also

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