Barnes & Noble Education, Inc (NYSE:BNED - Get Free Report) CFO Jason Snagusky sold 5,000 shares of Barnes & Noble Education 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 transaction, the chief financial officer directly owned 71,762 shares of the company's stock, valued at approximately $907,071.68. This represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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 shares were sold at an average price of $11.61, for a total value 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 value of $27,625.00.
Barnes & Noble Education Stock Performance
Shares of Barnes & Noble Education stock opened at $13.01 on Wednesday. The stock's fifty day moving average is $11.42 and its two-hundred day moving average is $9.95. The company has a market capitalization of $450.67 million, a PE ratio of 27.68 and a beta of 1.29. The company has a quick ratio of 0.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. Barnes & Noble Education, Inc has a 52 week low of $5.90 and a 52 week high of $14.75.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The specialty retailer reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The firm had revenue of $267.10 million for the quarter, compared to analysts' expectations of $267.55 million. Barnes & Noble Education had a net margin of 0.98% and a return on equity of 7.92%. As a group, analysts expect that Barnes & Noble Education, Inc will post 0.71 earnings per share for the current year.
Barnes & Noble Education Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, July 16th. Barnes & Noble Education's dividend payout ratio is currently 68.09%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Zacks Research raised shares of Barnes & Noble Education to a "hold" rating in a research note on Thursday, June 11th. Wall Street Zen raised Barnes & Noble Education from a "hold" rating to a "buy" rating in a research note on Tuesday. Needham & Company LLC upgraded 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 raised Barnes & Noble Education from a "sell (e+)" rating to a "sell (d+)" rating in a research report on Tuesday, July 21st. Finally, Northland Securities set a $18.50 target price on Barnes & Noble Education in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Barnes & Noble Education has a consensus rating of "Hold" and an average target price of $17.25.
View Our Latest Analysis on BNED
Institutional Investors Weigh In On Barnes & Noble Education
Hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Barnes & Noble Education by 1,412.1% in the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer's stock worth $62,000 after purchasing an additional 5,733 shares during the period. Kanen Wealth Management LLC increased its holdings in Barnes & Noble Education by 30.6% during the first quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer's stock valued at $32,445,000 after buying an additional 724,683 shares during the period. Goldman Sachs Group Inc. raised its stake in Barnes & Noble Education by 96.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,205 shares of the specialty retailer's stock worth $1,094,000 after buying an additional 51,190 shares in the last quarter. Geode Capital Management LLC raised its stake in Barnes & Noble Education by 123.2% in the second quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer's stock worth $4,734,000 after buying an additional 221,936 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Barnes & Noble Education during the second quarter worth $344,000. Hedge funds and other institutional investors own 38.51% of the company's stock.
About Barnes & Noble Education
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Get Free Report)
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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