Barnes & Noble Education, Inc (NYSE:BNED – Free Report) – Investment analysts at Northland Securities dropped their Q3 2027 earnings per share (EPS) estimates for Barnes & Noble Education in a research note issued to investors on Wednesday, October 21st. Northland Securities analyst O. Rickert now forecasts that the specialty retailer will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.72. The consensus estimate for Barnes & Noble Education’s current full-year earnings is $0.79 per share. Northland Securities also issued estimates for Barnes & Noble Education’s Q4 2027 earnings at $0.21 EPS.
Barnes & Noble Education (NYSE:BNED – Get Free Report) last issued its earnings results 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 net margin of 1.29% and a return on equity of 8.77%. The company had revenue of $290.60 million for the quarter, compared to the consensus estimate of $306.66 million.
Other equities analysts have also issued reports about the stock. Zacks Research upgraded shares of Barnes & Noble Education from a “hold” rating to a “strong-buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Barnes & Noble Education in a research note on Wednesday, September 9th. Wall Street Zen lowered shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Barnes & Noble Education in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.25.
Check Out Our Latest Stock Report on BNED
Barnes & Noble Education Trading Up 1.3%
Shares of Barnes & Noble Education stock opened at $13.93 on Friday. The stock has a market capitalization of $482.78 million, a P/E ratio of 21.76 and a beta of 1.44. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $11.92 and a 200 day simple moving average of $11.42. Barnes & Noble Education has a 12-month low of $5.90 and a 12-month high of $14.75.
Institutional Investors Weigh In On Barnes & Noble Education
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Barnes & Noble Education by 119.6% during the first quarter. Bank of America Corp DE now owns 355,943 shares of the specialty retailer’s stock worth $3,143,000 after acquiring an additional 193,876 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Barnes & Noble Education during the second quarter valued at $785,000. Bank of New York Mellon Corp bought a new position in Barnes & Noble Education in the second quarter valued at about $510,000. Kanen Wealth Management LLC boosted its holdings in Barnes & Noble Education by 0.7% in the first quarter. Kanen Wealth Management LLC now owns 3,423,782 shares of the specialty retailer’s stock valued at $30,232,000 after acquiring an additional 23,800 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Barnes & Noble Education in the first quarter valued at about $102,000. 38.51% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Barnes & Noble Education
In related news, CAO Gary Luster sold 2,267 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $11.20, for a total value of $25,390.40. Following the completion of the sale, the chief accounting officer owned 29,667 shares of the company’s stock, valued at $332,270.40. This trade represents a 7.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jonathan Shar sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $11.04, for a total transaction of $331,200.00. Following the completion of the sale, the chief executive officer directly owned 325,285 shares of the company’s stock, valued at approximately $3,591,146.40. This represents a 8.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is owned by corporate insiders.
Barnes & Noble Education Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, October 14th. Barnes & Noble Education’s dividend payout ratio is 50.00%.
About Barnes & Noble Education
Barnes & Noble Education, Inc (NYSE: BNED) is an education solutions company that supports colleges and universities, their students, faculty and campus communities. The company operates and manages college bookstores and provides higher-education institutions with products and services designed to support academic success and campus life.
BNED’s offerings include new, used, rental and digital course materials; textbook and course-material fulfillment; general merchandise; school supplies; technology products; and custom or institution-branded apparel and gifts.
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