Barnes & Noble Education Sees Unusually Large Options Volume (NYSE:BNED)

Barnes & Noble Education, Inc. (NYSE:BNED) saw unusually large options trading on Monday. Stock investors acquired 3,876 put options on the stock. This represents an increase of 238% compared to the average daily volume of 1,148 put options.

Barnes & Noble Education Stock Up 5.1 %

Shares of BNED opened at $0.23 on Tuesday. The stock has a market capitalization of $12.22 million, a PE ratio of -0.15 and a beta of 2.01. Barnes & Noble Education has a 1 year low of $0.18 and a 1 year high of $2.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.50 and a current ratio of 0.90. The company’s 50-day simple moving average is $0.57 and its 200-day simple moving average is $0.92.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly earnings results on Tuesday, March 12th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $456.67 million for the quarter. Barnes & Noble Education had a negative return on equity of 51.52% and a negative net margin of 5.22%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BNED. StockNews.com initiated coverage on shares of Barnes & Noble Education in a research note on Friday. They set a “hold” rating for the company. Craig Hallum reissued a “hold” rating and set a $1.25 price target (down previously from $3.00) on shares of Barnes & Noble Education in a research report on Thursday, January 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a research report on Wednesday, April 17th.

Hedge Funds Weigh In On Barnes & Noble Education

Institutional investors and hedge funds have recently modified their holdings of the company. Belvedere Trading LLC acquired a new stake in shares of Barnes & Noble Education during the third quarter worth about $26,000. PEAK6 Investments LLC increased its position in shares of Barnes & Noble Education by 258.6% during the third quarter. PEAK6 Investments LLC now owns 46,506 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 33,539 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. increased its position in shares of Barnes & Noble Education by 1.7% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after purchasing an additional 90,003 shares in the last quarter. Institutional investors and hedge funds own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

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