Barnes & Noble Education (NYSE:BNED) CFO Sells $25,971.57 in Stock

Barnes & Noble Education, Inc (NYSE:BNED) CFO Jason Snagusky sold 2,237 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $11.61, for a total transaction of $25,971.57. Following the completion of the sale, the chief financial officer directly owned 76,762 shares of the company’s stock, valued at approximately $891,206.82. This represents a 2.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $27,625.00.

Barnes & Noble Education Stock Down 2.1%

Shares of BNED opened at $12.45 on Friday. The business’s fifty day moving average price is $10.98 and its two-hundred day moving average price is $9.75. The firm has a market capitalization of $431.23 million, a price-to-earnings ratio of 26.49 and a beta of 1.29. Barnes & Noble Education, Inc has a 52 week low of $5.90 and a 52 week high of $14.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.66 and a current ratio of 1.71.

Barnes & Noble Education (NYSE:BNED) last released its earnings results on Thursday, July 9th. The specialty retailer reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Barnes & Noble Education had a return on equity of 7.92% and a net margin of 0.98%.The company had revenue of $267.10 million during the quarter, compared to the consensus estimate of $267.55 million. On average, analysts predict that Barnes & Noble Education, Inc will post 0.71 earnings per share for the current year.

Barnes & Noble Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 16th.

Analyst Ratings Changes

Several brokerages have recently issued reports on BNED. Wall Street Zen raised shares of Barnes & Noble Education from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Zacks Research raised shares of Barnes & Noble Education to a “hold” rating in a research note on Thursday, June 11th. Needham & Company LLC upgraded 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 report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Wednesday, July 8th. Finally, Northland Securities set a $18.50 target price on shares of Barnes & Noble Education in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Barnes & Noble Education presently has an average rating of “Hold” and an average price target of $17.25.

Hedge Funds Weigh In On Barnes & Noble Education

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Barnes & Noble Education by 119.6% in the 1st quarter. Bank of America Corp DE now owns 355,943 shares of the specialty retailer’s stock valued at $3,143,000 after acquiring an additional 193,876 shares during the period. Kanen Wealth Management LLC grew its holdings in Barnes & Noble Education by 0.7% during 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 purchasing an additional 23,800 shares during the period. Sei Investments Co. acquired a new position in Barnes & Noble Education during the first quarter valued at approximately $102,000. Copeland Capital Management LLC bought a new stake in Barnes & Noble Education in the first quarter valued at approximately $73,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Barnes & Noble Education by 557.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,313 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 7,897 shares in the last quarter. 38.51% of the stock is currently owned by institutional investors and hedge funds.

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.