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 of the company’s stock, valued at approximately $891,206.82. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 transaction of $27,625.00.

Barnes & Noble Education Stock Performance

Shares of BNED opened at $12.26 on Wednesday. The company has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $9.70. The company has a quick ratio of 0.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $424.65 million, a PE ratio of 26.08 and a beta of 1.29. Barnes & Noble Education, Inc has a 52-week low of $5.90 and a 52-week high of $14.75.

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 for the quarter, compared to the consensus estimate of $267.55 million. Equities research analysts predict that Barnes & Noble Education, Inc will post 0.58 earnings per share 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. Investors of record on Thursday, July 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 16th. Barnes & Noble Education’s dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Barnes & Noble Education

A number of hedge funds and other institutional investors have recently modified their holdings of BNED. Kanen Wealth Management LLC lifted its stake in shares of Barnes & Noble Education by 0.7% during the first quarter. Kanen Wealth Management LLC now owns 3,423,782 shares of the specialty retailer’s stock valued at $30,232,000 after buying an additional 23,800 shares during the period. Windward Management LP purchased a new stake in Barnes & Noble Education in the 4th quarter worth approximately $15,623,000. Vanguard Group Inc. raised its holdings in Barnes & Noble Education by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,027,599 shares of the specialty retailer’s stock valued at $10,225,000 after acquiring an additional 67,365 shares during the last quarter. Prescott Group Capital Management L.L.C. raised its holdings in Barnes & Noble Education by 186.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 881,799 shares of the specialty retailer’s stock valued at $8,104,000 after acquiring an additional 573,992 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Barnes & Noble Education by 323.8% in the second quarter. JPMorgan Chase & Co. now owns 516,521 shares of the specialty retailer’s stock valued at $6,079,000 after purchasing an additional 394,630 shares during the period. 38.51% of the stock is currently owned by hedge funds and other 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.