Barnes & Noble Education, Inc. (NYSE:BNED) Position Lifted by Kanen Wealth Management LLC

Kanen Wealth Management LLC boosted its stake in shares of Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) by 30.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,090,043 shares of the specialty retailer's stock after acquiring an additional 724,683 shares during the quarter. Barnes & Noble Education comprises about 13.0% of Kanen Wealth Management LLC's investment portfolio, making the stock its 2nd biggest position. Kanen Wealth Management LLC owned 9.07% of Barnes & Noble Education worth $32,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Bank of America Corp DE grew its stake in shares of Barnes & Noble Education by 1,412.1% during the fourth quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock valued at $62,000 after buying an additional 5,733 shares during the last quarter. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Stock Down 2.4%

Barnes & Noble Education stock traded down $0.27 during mid-day trading on Friday, reaching $10.86. 227,950 shares of the company were exchanged, compared to its average volume of 385,126. The business has a fifty day moving average of $10.54 and a 200 day moving average of $10.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 1.31. The firm has a market cap of $369.83 million, a P/E ratio of -0.32 and a beta of 1.81. Barnes & Noble Education, Inc. has a 12-month low of $6.05 and a 12-month high of $14.41.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

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.