Michael Connolly Miller Sells 7,000 Shares of Barnes & Noble Education, Inc. (NYSE:BNED) Stock

Barnes & Noble Education, Inc. (NYSE:BNED) EVP Michael Connolly Miller sold 7,000 shares of Barnes & Noble Education stock in a transaction dated Tuesday, April 6th. The shares were sold at an average price of $8.50, for a total value of $59,500.00. Following the sale, the executive vice president now owns 129,473 shares of the company’s stock, valued at approximately $1,100,520.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Michael Connolly Miller also recently made the following trade(s):

  • On Monday, January 11th, Michael Connolly Miller sold 6,000 shares of Barnes & Noble Education stock. The shares were sold at an average price of $5.46, for a total value of $32,760.00.

NYSE:BNED opened at $7.78 on Thursday. The business has a 50 day moving average of $7.83 and a 200 day moving average of $5.00. The company has a market capitalization of $399.73 million, a price-to-earnings ratio of -4.60 and a beta of 2.49. Barnes & Noble Education, Inc. has a 1-year low of $1.25 and a 1-year high of $9.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.24 and a quick ratio of 0.44.

Barnes & Noble Education (NYSE:BNED) last released its earnings results on Monday, March 8th. The specialty retailer reported ($0.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($0.58). Barnes & Noble Education had a negative return on equity of 14.63% and a negative net margin of 5.21%.

Separately, Needham & Company LLC lifted their price target on Barnes & Noble Education from $5.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, March 16th.

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in Barnes & Noble Education in the 3rd quarter worth approximately $32,000. Vantage Consulting Group Inc purchased a new position in Barnes & Noble Education in the 4th quarter worth approximately $42,000. Steward Partners Investment Advisory LLC purchased a new position in Barnes & Noble Education in the 4th quarter worth approximately $42,000. SG Americas Securities LLC purchased a new position in Barnes & Noble Education in the 4th quarter worth approximately $49,000. Finally, Credit Suisse AG purchased a new position in Barnes & Noble Education in the 4th quarter worth approximately $69,000. Institutional investors own 44.27% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.

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Insider Buying and Selling by Quarter for Barnes & Noble Education (NYSE:BNED)

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