Barnes & Noble Education (NYSE:BNED) CFO Jason Snagusky Sells 2,237 Shares

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

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 shares were sold at an average price of $12.50, for a total value of $27,625.00.

Barnes & Noble Education Stock Performance

Shares of BNED stock traded down $0.27 on Tuesday, hitting $12.26. 241,469 shares of the stock traded hands, compared to its average volume of 305,999. 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 company has a market capitalization of $424.69 million, a PE ratio of 26.14 and a beta of 1.29. Barnes & Noble Education, Inc has a 1-year low of $5.90 and a 1-year high of $14.75. The company’s fifty day moving average is $10.86 and its 200 day moving average is $9.69.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Thursday, July 9th. The specialty retailer reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Barnes & Noble Education had a net margin of 0.98% and a return on equity of 7.92%. The firm had revenue of $267.10 million during the quarter, compared to the consensus estimate of $267.55 million. On average, equities research analysts predict that Barnes & Noble Education, Inc will post 0.58 earnings per share for the current fiscal year.

Barnes & Noble Education Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BNED. Northland Securities set a $18.50 target price on shares of Barnes & Noble Education in a report on Friday, June 26th. Wall Street Zen upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Research raised Barnes & Noble Education to a “hold” rating in a report on Thursday, June 11th. Needham & Company LLC upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, June 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Barnes & Noble Education in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Barnes & Noble Education has an average rating of “Hold” and a consensus price target of $17.25.

Institutional Trading of Barnes & Noble Education

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in 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 valued at $62,000 after purchasing an additional 5,733 shares during the last quarter. Kanen Wealth Management LLC grew its position in Barnes & Noble Education by 30.6% in the 1st quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock worth $32,445,000 after purchasing an additional 724,683 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 valued at $1,094,000 after purchasing an additional 51,190 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 valued at $4,734,000 after purchasing an additional 221,936 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of Barnes & Noble Education during the second quarter valued at approximately $344,000. 38.51% of the stock is currently owned by institutional investors.

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.