Barnes & Noble Education, Inc (NYSE:BNED – Get Free Report) CFO Jason Snagusky sold 2,210 shares of Barnes & Noble Education stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $12.50, for a total value of $27,625.00. Following the completion of the transaction, the chief financial officer directly owned 78,999 shares of the company’s stock, valued at approximately $987,487.50. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Barnes & Noble Education Stock Down 2.0%
Shares of Barnes & Noble Education stock opened at $11.42 on Friday. The stock’s 50-day moving average is $10.74 and its 200 day moving average is $9.63. Barnes & Noble Education, Inc has a one year low of $5.90 and a one year high of $14.75. The firm has a market cap of $391.71 million, a price-to-earnings ratio of -35.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.42 and a quick ratio of 0.86.
Barnes & Noble Education (NYSE:BNED – Get Free Report) last issued its earnings results on Thursday, July 9th. The specialty retailer reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Barnes & Noble Education had a negative return on equity of 20.37% and a negative net margin of 0.57%.The business had revenue of $267.10 million during the quarter, compared to the consensus estimate of $267.55 million. Equities research analysts anticipate that Barnes & Noble Education, Inc will post 0.46 EPS for the current year.
Barnes & Noble Education Dividend Announcement
Institutional Investors Weigh In On Barnes & Noble Education
Several hedge funds and other institutional investors have recently modified their holdings of the company. Windward Management LP bought a new position in shares of Barnes & Noble Education in the 4th quarter worth $15,623,000. Kanen Wealth Management LLC increased its stake in Barnes & Noble Education by 30.6% during the 1st quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock valued at $32,445,000 after purchasing an additional 724,683 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its stake in Barnes & Noble Education by 186.5% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 881,799 shares of the specialty retailer’s stock valued at $8,104,000 after purchasing an additional 573,992 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Barnes & Noble Education by 323.8% during the second quarter. JPMorgan Chase & Co. now owns 516,521 shares of the specialty retailer’s stock worth $6,079,000 after buying an additional 394,630 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Barnes & Noble Education by 190.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 508,899 shares of the specialty retailer’s stock worth $4,677,000 after buying an additional 333,567 shares during the last quarter. Institutional investors own 38.51% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BNED. Zacks Research raised shares of Barnes & Noble Education to a “hold” rating in a research note on Thursday, June 11th. Northland Securities set a $18.50 price target on shares of Barnes & Noble Education in a research note on Friday, June 26th. Needham & Company LLC upgraded shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, June 26th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Barnes & Noble Education in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.25.
View Our Latest Research Report on BNED
Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.
Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.
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