Key Points
- Chief Accounting Officer Gary Luster sold 2,267 BNED shares at an average price of $11.20, worth $25,390.40, reducing his direct ownership by 7.10% to 29,667 shares.
- Barnes & Noble Education’s latest quarterly loss of $0.37 per share beat estimates, but revenue of $290.6 million fell short of expectations. The stock recently traded near $11.36, with a 52-week range of $5.90 to $14.75.
- The company declared a quarterly dividend of $0.08 per share, equivalent to $0.32 annually and a yield of roughly 2.8%. Analyst sentiment remains mixed, with a consensus Hold rating and an average price target of $17.25.
Barnes & Noble Education, Inc (NYSE:BNED - Get Free Report) CAO Gary Luster sold 2,267 shares of the firm's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $11.20, for a total transaction of $25,390.40. Following the completion of the transaction, the chief accounting officer directly owned 29,667 shares of the company's stock, valued at approximately $332,270.40. This trade represents a 7.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Gary Luster also recently made the following trade(s):
- On Friday, July 10th, Gary Luster sold 1,066 shares of Barnes & Noble Education stock. The shares were sold at an average price of $11.61, for a total transaction of $12,376.26.
Barnes & Noble Education Price Performance
Barnes & Noble Education stock opened at $11.36 on Friday. Barnes & Noble Education, Inc has a 52-week low of $5.90 and a 52-week high of $14.75. The company has a quick ratio of 0.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average is $11.98 and its 200 day moving average is $10.93. The company has a market cap of $393.85 million, a price-to-earnings ratio of 17.75 and a beta of 1.27.
Barnes & Noble Education (NYSE:BNED - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The specialty retailer reported ($0.37) EPS for the quarter, topping analysts' consensus estimates of ($0.48) by $0.11. Barnes & Noble Education had a net margin of 1.29% and a return on equity of 8.77%. The business had revenue of $290.60 million during the quarter, compared to analysts' expectations of $306.66 million. Sell-side analysts forecast that Barnes & Noble Education, Inc will post 0.79 EPS for the current fiscal year.
Barnes & Noble Education Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. Barnes & Noble Education's dividend payout ratio (DPR) is presently 50.00%.
More Barnes & Noble Education News
Here are the key news stories impacting Barnes & Noble Education this week:
- Positive Sentiment: The company declared a quarterly cash dividend of $0.08 per share, payable October 29 to shareholders of record on October 14. The annualized $0.32 payout represents a yield of approximately 2.9% and signals continued confidence in returning capital to shareholders. Barnes & Noble Education Announces Quarterly Cash Dividend
- Neutral Sentiment: Analyst opinion remains mixed. Needham maintains a Buy rating with a $16 price target, while other firms have issued Hold or Sell ratings; the reported consensus is Hold with an average target of $17.25. The company’s latest quarter also showed better-than-expected adjusted loss per share, but revenue missed estimates, limiting the bullish impact.
- Negative Sentiment: CEO Jonathan Shar sold 30,000 shares for approximately $331,200 at an average price of $11.04, reducing his direct ownership by 8.44%. While he still owns 325,285 shares, sizable executive selling can raise concerns about management’s near-term view of the stock. Barnes & Noble Education CEO Jonathan Shar Sells 30,000 Shares
- Negative Sentiment: Chief Accounting Officer Gary Luster separately sold 2,267 shares for approximately $25,390 at an average price of $11.20, cutting his ownership by 7.10%. The two insider sales reported within days of each other may reinforce selling pressure in BNED shares. SEC Filing for Gary Luster Stock Sale
Hedge Funds Weigh In On Barnes & Noble Education
Several hedge funds have recently added to or reduced their stakes in BNED. Bank of America Corp DE lifted its stake in Barnes & Noble Education by 119.6% in the first 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 purchased a new position in shares of Barnes & Noble Education during the second quarter valued at approximately $785,000. Bank of New York Mellon Corp bought a new position in shares of Barnes & Noble Education during the second quarter valued at approximately $510,000. Kanen Wealth Management LLC grew its stake in shares of 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 buying an additional 23,800 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in shares of Barnes & Noble Education in the fourth quarter worth approximately $144,000. 38.51% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on BNED shares. Zacks Research upgraded Barnes & Noble Education to a "hold" rating in a research report on Thursday, June 11th. Weiss Ratings upgraded Barnes & Noble Education from a "sell (e+)" rating to a "sell (d+)" rating in a report on Tuesday, July 21st. Northland Securities set a $18.50 target price on Barnes & Noble Education in a research report on Friday, June 26th. Needham & Company LLC reissued a "buy" rating and set a $16.00 target price on shares of Barnes & Noble Education in a research report on Wednesday, September 9th. Finally, Wall Street Zen lowered Barnes & Noble Education from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.25.
Check Out Our Latest Stock Analysis on Barnes & Noble Education
Barnes & Noble Education Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
