Barnes & Noble Education Inc (NYSE:BNED) EVP Kanuj Malhotra Sells 21,000 Shares
Barnes & Noble Education Inc (NYSE:BNED) EVP Kanuj Malhotra sold 21,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $4.48, for a total transaction of $94,080.00.
BNED stock opened at $3.25 on Thursday. The firm’s 50-day moving average price is $3.51 and its two-hundred day moving average price is $3.88. Barnes & Noble Education Inc has a 12-month low of $2.89 and a 12-month high of $7.78. The stock has a market capitalization of $191.38 million, a price-to-earnings ratio of 5.74 and a beta of 1.76. The company has a current ratio of 1.16, a quick ratio of 0.18 and a debt-to-equity ratio of 0.71.
Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.81) by $0.17. Barnes & Noble Education had a negative net margin of 0.89% and a positive return on equity of 7.23%. The company had revenue of $319.70 million for the quarter, compared to analysts’ expectations of $327.57 million. During the same quarter in the previous year, the company earned ($0.82) earnings per share. Barnes & Noble Education’s quarterly revenue was down 5.3% on a year-over-year basis.
A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Sidoti cut shares of Barnes & Noble Education from a “buy” rating to a “neutral” rating and set a $4.00 price objective on the stock. in a research report on Tuesday. Finally, TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d” rating in a research report 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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