Barnes & Noble Education Inc (NYSE:BNED) EVP Sells $94,080.00 in Stock

Barnes & Noble Education Inc (NYSE:BNED) EVP Kanuj Malhotra sold 21,000 shares of Barnes & Noble Education stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $4.48, for a total transaction of $94,080.00.

BNED opened at $3.25 on Thursday. The company has a fifty day moving average price of $3.51 and a 200-day moving average price of $3.88. The firm has a market capitalization of $191.38 million, a P/E ratio of 5.74 and a beta of 1.76. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.16 and a quick ratio of 0.18. Barnes & Noble Education Inc has a one year low of $2.89 and a one year high of $7.78.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported ($0.64) EPS for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.17. The firm had revenue of $319.70 million during the quarter, compared to analyst estimates of $327.57 million. Barnes & Noble Education had a negative net margin of 0.89% and a positive return on equity of 7.23%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) EPS.

A number of research analysts recently weighed in on BNED shares. TheStreet lowered shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a research note on Wednesday, June 26th. ValuEngine lowered shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, Sidoti lowered shares of Barnes & Noble Education from a “buy” rating to a “neutral” rating and set a $4.00 price target for the company. in a research report on Tuesday.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Barnes & Noble Education by 1.0% during the 2nd quarter. Northern Trust Corp now owns 470,789 shares of the specialty retailer’s stock valued at $1,581,000 after purchasing an additional 4,552 shares in the last quarter. Point72 Hong Kong Ltd grew its position in shares of Barnes & Noble Education by 132.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 8,299 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 4,733 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Barnes & Noble Education by 108.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 4,848 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Barnes & Noble Education by 40.2% during the 1st quarter. SG Americas Securities LLC now owns 25,159 shares of the specialty retailer’s stock valued at $106,000 after purchasing an additional 7,210 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Barnes & Noble Education by 14.8% during the 2nd quarter. Pacer Advisors Inc. now owns 56,414 shares of the specialty retailer’s stock valued at $190,000 after purchasing an additional 7,288 shares in the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

About Barnes & Noble Education

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

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