Barnes & Noble Education, Inc (NYSE:BNED – Free Report) – Analysts at Northland Securities boosted their Q4 2027 earnings per share (EPS) estimates for shares of Barnes & Noble Education in a research report issued to clients and investors on Wednesday, September 9th. Northland Securities analyst O. Rickert now anticipates that the specialty retailer will earn ($0.24) per share for the quarter, up from their prior forecast of ($0.25). The consensus estimate for Barnes & Noble Education’s current full-year earnings is $0.79 per share.
Barnes & Noble Education (NYSE:BNED – Get Free Report) last released its quarterly earnings data on Tuesday, September 8th. The specialty retailer reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.11. Barnes & Noble Education had a return on equity of 8.77% and a net margin of 1.29%.The company had revenue of $290.60 million during the quarter, compared to the consensus estimate of $306.66 million.
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Barnes & Noble Education Price Performance
Shares of BNED opened at $10.95 on Friday. The company has a market cap of $379.46 million, a price-to-earnings ratio of 17.10 and a beta of 1.27. Barnes & Noble Education has a 1-year low of $5.90 and a 1-year high of $14.75. The company’s fifty day simple moving average is $12.24 and its 200 day simple moving average is $10.76. The company has a current ratio of 1.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44.
Hedge Funds Weigh In On Barnes & Noble Education
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock worth $62,000 after buying an additional 5,733 shares during the last quarter. Kanen Wealth Management LLC grew its stake in Barnes & Noble Education by 30.6% in 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 buying an additional 724,683 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Barnes & Noble Education by 96.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 104,205 shares of the specialty retailer’s stock valued at $1,094,000 after buying an additional 51,190 shares during the last quarter. Geode Capital Management LLC raised its holdings in Barnes & Noble Education by 123.2% in the 2nd quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer’s stock valued at $4,734,000 after acquiring an additional 221,936 shares during the period. Finally, Cetera Investment Advisers bought a new position in Barnes & Noble Education in the 2nd quarter valued at about $344,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CFO Jason Snagusky sold 5,000 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $12.64, for a total value of $63,200.00. Following the sale, the chief financial officer owned 71,762 shares in the company, valued at approximately $907,071.68. This represents a 6.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 10,513 shares of company stock valued at $129,173. 1.70% of the stock is currently owned by corporate insiders.
Barnes & Noble Education Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 16th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.9%. Barnes & Noble Education’s payout ratio is presently 68.09%.
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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