Barnes & Noble Education (NYSE:BNED) CEO Jonathan Shar Sells 30,000 Shares of Stock

Barnes & Noble Education, Inc (NYSE:BNED) CEO Jonathan Shar sold 30,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $11.04, for a total value of $331,200.00. Following the completion of the sale, the chief executive officer owned 325,285 shares of the company’s stock, valued at approximately $3,591,146.40. This trade represents a 8.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Barnes & Noble Education Price Performance

Shares of BNED stock opened at $11.13 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 1.66. Barnes & Noble Education, Inc has a fifty-two week low of $5.90 and a fifty-two week high of $14.75. The firm has a market cap of $385.84 million, a P/E ratio of 17.39 and a beta of 1.27. The business’s 50 day moving average price is $12.00 and its 200-day moving average price is $10.93.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Tuesday, September 8th. The specialty retailer reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.11. The company had revenue of $290.60 million during the quarter, compared to the consensus estimate of $306.66 million. Barnes & Noble Education had a return on equity of 8.77% and a net margin of 1.29%. On average, equities research analysts anticipate that Barnes & Noble Education, Inc will post 0.79 earnings per share for the current year.

Barnes & Noble Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Wednesday, October 14th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.32 annualized dividend and a yield of 2.9%. Barnes & Noble Education’s dividend payout ratio is 50.00%.

Institutional Trading of Barnes & Noble Education

Hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC bought a new stake in Barnes & Noble Education during the first quarter worth about $73,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Barnes & Noble Education by 557.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,313 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 7,897 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Barnes & Noble Education during the first quarter valued at approximately $102,000. AXQ Capital LP bought a new stake in shares of Barnes & Noble Education in the 4th quarter worth approximately $144,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Barnes & Noble Education in the 2nd quarter worth approximately $510,000. Institutional investors own 38.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BNED shares. Zacks Research raised shares of Barnes & Noble Education to a “hold” rating in a research note on Thursday, June 11th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of Barnes & Noble Education in a research note on Wednesday, September 9th. Northland Securities set a $18.50 price objective on shares of Barnes & Noble Education in a report on Friday, June 26th. Wall Street Zen cut Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded Barnes & Noble Education from a “sell (e+)” rating to a “sell (d+)” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.25.

Barnes & Noble Education Company Profile

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.