Barnes & Noble Education, Inc (NYSE:BNED) Declares Quarterly Dividend of $0.08

Barnes & Noble Education, Inc (NYSE:BNED) declared a quarterly dividend on Thursday, September 24th. Investors of record on Wednesday, October 14th will be given a dividend of $0.08 per share by the specialty retailer on Thursday, October 29th. This represents a $0.32 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, October 14th.

Barnes & Noble Education Price Performance

Shares of NYSE BNED opened at $11.07 on Friday. The firm has a market cap of $383.97 million, a PE ratio of 17.30 and a beta of 1.27. The business has a 50 day moving average price of $12.00 and a two-hundred day moving average price of $10.93. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. Barnes & Noble Education has a fifty-two week low of $5.90 and a fifty-two week high of $14.75.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Tuesday, September 8th. The specialty retailer reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.11. The firm had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $306.66 million. Barnes & Noble Education had a return on equity of 8.77% and a net margin of 1.29%. Sell-side analysts expect that Barnes & Noble Education will post 0.79 earnings per share for the current fiscal year.

Insider Activity

In other Barnes & Noble Education 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 value of $63,200.00. Following the completion of the sale, the chief financial officer owned 71,762 shares in the company, valued at approximately $907,071.68. This trade represents a 6.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan Shar sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $11.04, for a total value of $331,200.00. Following the sale, the chief executive officer owned 325,285 shares of the company’s stock, valued at approximately $3,591,146.40. The trade was a 8.44% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 40,513 shares of company stock worth $460,373. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Barnes & Noble Education

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNED. Bank of America Corp DE increased its position in shares of Barnes & Noble Education by 119.6% during the 1st quarter. Bank of America Corp DE now owns 355,943 shares of the specialty retailer’s stock worth $3,143,000 after purchasing an additional 193,876 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Barnes & Noble Education in the 2nd quarter valued at about $785,000. Bank of New York Mellon Corp acquired a new position in shares of Barnes & Noble Education during the 2nd quarter worth about $510,000. Kanen Wealth Management LLC raised its holdings in shares of Barnes & Noble Education by 0.7% in the 1st quarter. Kanen Wealth Management LLC now owns 3,423,782 shares of the specialty retailer’s stock valued at $30,232,000 after purchasing an additional 23,800 shares during the period. Finally, Sei Investments Co. acquired a new stake in Barnes & Noble Education in the 1st quarter valued at about $102,000. 38.51% of the stock is owned by institutional investors and hedge funds.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is an education services company that supports colleges, universities and their students across the United States. Through institutional partnerships, the company provides retail, digital and operational solutions designed to support the delivery of course materials and campus-related products and services.

Its Barnes & Noble College business operates physical and online campus bookstores, offering new and used textbooks, textbook rentals, digital course materials, general merchandise, school apparel, supplies, technology products and convenience items.