Barnes & Noble Education, Inc. (NYSE:BNED) EVP Jonathan Shar sold 14,000 shares of the stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $8.73, for a total value of $122,220.00. Following the completion of the transaction, the executive vice president now owns 68,917 shares in the company, valued at approximately $601,645.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:BNED opened at $8.98 on Thursday. The business has a 50 day moving average price of $8.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 1.34. Barnes & Noble Education, Inc. has a 52-week low of $1.91 and a 52-week high of $10.19.
Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Monday, June 28th. The specialty retailer reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.29). Barnes & Noble Education had a negative return on equity of 25.48% and a negative net margin of 9.19%.
Separately, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Barnes & Noble Education in a report on Thursday, July 1st.
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: 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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