Michael Huseby Purchases 25,000 Shares of Barnes & Noble Education Inc (NYSE:BNED) Stock

Barnes & Noble Education Inc (NYSE:BNED) Chairman Michael Huseby acquired 25,000 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was acquired at an average price of $3.60 per share, with a total value of $90,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Barnes & Noble Education stock traded down $0.03 during trading hours on Friday, reaching $4.10. The stock had a trading volume of 420,786 shares, compared to its average volume of 553,857. The business’s 50 day simple moving average is $3.38. The firm has a market capitalization of $196.43 million, a price-to-earnings ratio of 7.94 and a beta of 1.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.45 and a quick ratio of 0.42. Barnes & Noble Education Inc has a 1 year low of $2.91 and a 1 year high of $7.78.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Tuesday, June 25th. The specialty retailer reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.94). The company had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $340.58 million. Barnes & Noble Education had a negative net margin of 1.20% and a positive return on equity of 5.36%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in shares of Barnes & Noble Education by 108.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,317 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 4,848 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in Barnes & Noble Education during the 4th quarter valued at approximately $40,000. Municipal Employees Retirement System of Michigan acquired a new position in Barnes & Noble Education during the 4th quarter valued at approximately $42,000. Oregon Public Employees Retirement Fund acquired a new position in Barnes & Noble Education during the 4th quarter valued at approximately $56,000. Finally, SG Americas Securities LLC boosted its position in Barnes & Noble Education by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 17,949 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 4,190 shares during the period. Hedge funds and other institutional investors own 74.62% of the company’s stock.

BNED has been the topic of a number of analyst reports. Sidoti set a $8.00 price objective on Titan International and gave the company a “buy” rating in a research note on Wednesday, June 26th. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Needham & Company LLC initiated coverage on Barnes & Noble Education in a research note on Monday, April 8th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, TheStreet raised Stitch Fix from a “d” rating to a “c-” rating in a research note on Wednesday, June 26th.

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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