Barnes & Noble Education, Inc (BNED) To Go Ex-Dividend on October 14th

Barnes & Noble Education, Inc (NYSE:BNED) announced a quarterly dividend on Thursday, September 24th. Investors of record on Wednesday, October 14th will be paid 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 2.8%. The ex-dividend date is Wednesday, October 14th.

Barnes & Noble Education Trading Up 2.1%

NYSE:BNED opened at $11.36 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. Barnes & Noble Education has a 12 month low of $5.90 and a 12 month high of $14.75. The company has a market cap of $393.85 million, a PE ratio of 17.75 and a beta of 1.27. The company has a 50 day simple moving average of $11.98 and a two-hundred day simple moving average of $10.93.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, September 8th. The specialty retailer reported ($0.37) earnings per share 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%. Research analysts forecast that Barnes & Noble Education will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on BNED. Northland Securities set a $18.50 price objective on Barnes & Noble Education in a research 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. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Barnes & Noble Education in a research note on Wednesday, September 9th. Zacks Research raised shares of Barnes & Noble Education to a “hold” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen cut shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Barnes & Noble Education has a consensus rating of “Hold” and a consensus price target of $17.25.

About Barnes & Noble Education

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.