Barnes & Noble Education (NYSE:BNED – Get Free Report) posted its quarterly earnings data on Tuesday. The specialty retailer reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.11, FiscalAI reports. Barnes & Noble Education had a return on equity of 7.92% and a net margin of 0.98%.The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $306.66 million.
Barnes & Noble Education Stock Down 3.6%
Shares of BNED opened at $12.27 on Wednesday. Barnes & Noble Education has a 52-week low of $5.90 and a 52-week high of $14.75. The company has a quick ratio of 0.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $12.31 and a two-hundred day simple moving average of $10.72. The company has a market capitalization of $425.30 million, a PE ratio of 26.10 and a beta of 1.27.
Barnes & Noble Education Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th were paid a $0.08 dividend. 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 2.6%. Barnes & Noble Education’s dividend payout ratio (DPR) is 68.09%.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Barnes & Noble Education
Insider Activity
In related news, CFO Jason Snagusky sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $12.64, for a total transaction of $63,200.00. Following the completion of the sale, the chief financial officer directly owned 71,762 shares in the company, valued at approximately $907,071.68. This trade represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 10,513 shares of company stock valued at $129,173 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Institutional Trading of Barnes & Noble Education
Hedge funds have recently made changes to their positions in the company. Kanen Wealth Management LLC raised its position in shares of Barnes & Noble Education by 10.1% during the 4th quarter. Kanen Wealth Management LLC now owns 3,399,982 shares of the specialty retailer’s stock valued at $30,811,000 after buying an additional 312,054 shares during the period. Windward Management LP purchased a new position in Barnes & Noble Education in the fourth quarter worth approximately $15,623,000. Vanguard Group Inc. grew its position in Barnes & Noble Education by 7.0% in the third quarter. Vanguard Group Inc. now owns 1,027,599 shares of the specialty retailer’s stock worth $10,225,000 after acquiring an additional 67,365 shares during the period. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 394,630 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake 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 acquiring an additional 333,567 shares during the last quarter. Hedge funds and other institutional investors own 38.51% of the company’s stock.
About Barnes & Noble Education
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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