Barnes & Noble Education (NYSE:BNED) CFO Jason Snagusky Sells 5,000 Shares of Stock

Barnes & Noble Education, Inc (NYSE:BNED) CFO Jason Snagusky sold 5,000 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $12.64, for a total value of $63,200.00. Following the completion of the transaction, the chief financial officer owned 71,762 shares in the company, valued at $907,071.68. The trade was a 6.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction 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 transaction of $27,625.00.

Barnes & Noble Education Price Performance

BNED stock opened at $13.01 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.66 and a current ratio of 1.71. The company’s fifty day moving average price is $11.42 and its 200-day moving average price is $9.95. Barnes & Noble Education, Inc has a one year low of $5.90 and a one year high of $14.75. The company has a market capitalization of $450.67 million, a PE ratio of 27.68 and a beta of 1.29.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Thursday, July 9th. The specialty retailer reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $267.10 million during 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%. On average, equities analysts anticipate that Barnes & Noble Education, Inc will post 0.71 EPS for the current fiscal year.

Barnes & Noble Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, July 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%. Barnes & Noble Education’s dividend payout ratio (DPR) is presently 68.09%.

Analysts Set New Price Targets

BNED has been the topic of several research reports. Weiss Ratings raised Barnes & Noble Education from a “sell (e+)” rating to a “sell (d+)” rating in a report on Tuesday, July 21st. Wall Street Zen raised Barnes & Noble Education from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Research raised Barnes & Noble Education to a “hold” rating in a report on Thursday, June 11th. Northland Securities set a $18.50 target price on Barnes & Noble Education in a research report on Friday, June 26th. Finally, Needham & Company LLC raised shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Friday, June 26th. 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings 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 valued at $62,000 after acquiring an additional 5,733 shares during the last quarter. Kanen Wealth Management LLC raised its position 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 purchasing an additional 724,683 shares during the period. Goldman Sachs Group Inc. raised its position in Barnes & Noble Education by 96.6% during 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 raised its position in Barnes & Noble Education by 123.2% during 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 in the 2nd quarter valued at approximately $344,000. Institutional investors own 38.51% of the company’s stock.

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.