Jason Snagusky Sells 2,210 Shares of Barnes & Noble Education (NYSE:BNED) Stock

Barnes & Noble Education, Inc (NYSE:BNED) CFO Jason Snagusky sold 2,210 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $12.50, for a total transaction of $27,625.00. Following the completion of the transaction, the chief financial officer directly owned 78,999 shares of the company’s stock, valued at $987,487.50. This represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Barnes & Noble Education Price Performance

NYSE:BNED traded down $0.08 on Tuesday, reaching $11.39. 308,608 shares of the company’s stock traded hands, compared to its average volume of 298,675. The stock has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $9.57. Barnes & Noble Education, Inc has a 12 month low of $5.90 and a 12 month high of $14.75. The firm has a market cap of $390.54 million, a PE ratio of -35.67 and a beta of 1.29. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.48.

Barnes & Noble Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 16th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, July 16th.

Institutional Investors Weigh In On Barnes & Noble Education

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BNED shares. Northland Securities set a $18.50 target price on shares of Barnes & Noble Education in a report on Friday, June 26th. Needham & Company LLC upgraded shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Friday, June 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Barnes & Noble Education in a report on Friday, April 10th. Finally, Zacks Research upgraded Barnes & Noble Education to a “hold” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.25.

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.