Insider Selling: Barnes & Noble Education (NYSE:BNED) CFO Sells $63,200.00 in Stock

Barnes & Noble Education, Inc (NYSE:BNED) CFO Jason Snagusky sold 5,000 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $12.64, for a total transaction of $63,200.00. Following the sale, the chief financial officer directly owned 71,762 shares in the company, valued at approximately $907,071.68. This represents a 6.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jason Snagusky also recently made the following trade(s):

• On Friday, July 10th, Jason Snagusky sold 2,237 shares of Barnes & Noble Education stock. The stock was sold at an average price of $11.61, for a total transaction of $25,971.57.
• On Thursday, July 2nd, Jason Snagusky sold 2,210 shares of Barnes & Noble Education stock. The stock was sold at an average price of $12.50, for a total transaction of $27,625.00.

Barnes & Noble Education Stock Performance

Shares of Barnes & Noble Education stock opened at $12.38 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $11.56 and a 200 day simple moving average of $10.01. Barnes & Noble Education, Inc has a fifty-two week low of $5.90 and a fifty-two week high of $14.75. The firm has a market cap of $429.02 million, a P/E ratio of 26.35 and a beta of 1.29.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Thursday, July 9th. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $267.10 million for the quarter, compared to the consensus estimate of $267.55 million. Barnes & Noble Education had a return on equity of 7.92% and a net margin of 0.98%. Sell-side analysts predict that Barnes & Noble Education, Inc will post 0.71 earnings per share for the current fiscal year.

Barnes & Noble Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 16th were issued a $0.08 dividend. The ex-dividend date was Thursday, July 16th. This represents a $0.32 annualized dividend and a yield of 2.6%. Barnes & Noble Education’s dividend payout ratio (DPR) is currently 68.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in Barnes & Noble Education by 261.1% in the 4th quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 2,872 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Barnes & Noble Education by 205.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 2,910 shares during the last quarter. Bank of America Corp DE boosted its position in 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 acquiring an additional 5,733 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Barnes & Noble Education in the first quarter valued at approximately $73,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Barnes & Noble Education during the 2nd quarter worth about $96,000. Institutional investors own 38.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BNED shares. Weiss Ratings raised Barnes & Noble Education from a “sell (e+)” rating to a “sell (d+)” rating in a report on Tuesday, July 21st. Needham & Company LLC raised 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 research note on Friday, June 26th. Northland Securities set a $18.50 price target on Barnes & Noble Education in a research note on Friday, June 26th. Zacks Research upgraded Barnes & Noble Education to a “hold” rating in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.25.

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.