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

Barnes & Noble Education, Inc (NYSE:BNED) CFO Jason Snagusky sold 2,237 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $11.61, for a total transaction of $25,971.57. Following the completion of the transaction, the chief financial officer owned 76,762 shares in the company, valued at $891,206.82. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

Barnes & Noble Education Stock Performance

BNED stock opened at $12.73 on Thursday. Barnes & Noble Education, Inc has a one year low of $5.90 and a one year high of $14.75. The firm has a market cap of $440.93 million, a price-to-earnings ratio of 27.08 and a beta of 1.29. 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 firm has a 50-day simple moving average of $10.94 and a two-hundred day simple moving average of $9.73.

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, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $267.10 million for the quarter, compared to the consensus estimate 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 forecast that Barnes & Noble Education, Inc will post 0.71 EPS for the current fiscal year.

Barnes & Noble Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.5%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Needham & Company LLC upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, June 26th. Zacks Research upgraded shares of 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 note on Friday, June 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Barnes & Noble Education in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating in a research note on Sunday. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.25.

Hedge Funds Weigh In On Barnes & Noble Education

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Barnes & Noble Education by 261.1% in the 4th quarter. Royal Bank of Canada now owns 3,972 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 2,872 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Barnes & Noble Education by 205.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,326 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 2,910 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Barnes & Noble Education by 13.3% during the 4th quarter. Verition Fund Management LLC now owns 30,215 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 3,550 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Barnes & Noble Education by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 51,365 shares of the specialty retailer’s stock worth $511,000 after buying an additional 4,770 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Barnes & Noble Education by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 18,065 shares of the specialty retailer’s stock valued at $166,000 after purchasing an additional 5,712 shares during the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

About Barnes & Noble Education

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.