What is Northland Securities’ Estimate for BNED Q2 Earnings?

Barnes & Noble Education, Inc (NYSE:BNED) – Research analysts at Northland Securities dropped their Q2 2027 earnings per share (EPS) estimates for Barnes & Noble Education in a report issued on Wednesday, September 9th. Northland Securities analyst O. Rickert now anticipates that the specialty retailer will post earnings of $0.67 per share for the quarter, down from their prior forecast of $0.84. The consensus estimate for Barnes & Noble Education’s current full-year earnings is $0.71 per share. Northland Securities also issued estimates for Barnes & Noble Education’s Q3 2027 earnings at $0.72 EPS and FY2027 earnings at $0.79 EPS.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Tuesday, September 8th. The specialty retailer reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.11. The business had revenue of $290.60 million for the quarter, compared to analysts’ expectations of $306.66 million. Barnes & Noble Education had a return on equity of 8.69% and a net margin of 1.29%.

BNED has been the subject of a number of other reports. Weiss Ratings raised Barnes & Noble Education from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Tuesday, July 21st. Zacks Research raised shares of Barnes & Noble Education to a “hold” rating in a report on Thursday, June 11th. Wall Street Zen lowered shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Barnes & Noble Education in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Barnes & Noble Education presently has a consensus rating of “Hold” and a consensus target price of $17.25.

Barnes & Noble Education Trading Down 11.8%

Shares of NYSE BNED opened at $10.80 on Thursday. Barnes & Noble Education has a 12-month low of $5.90 and a 12-month high of $14.75. The company has a market cap of $374.61 million, a price-to-earnings ratio of 16.88 and a beta of 1.27. The company has a current ratio of 1.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $12.26 and its 200 day simple moving average is $10.74.

Barnes & Noble Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 16th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, July 16th. This represents a $0.32 annualized dividend and a dividend yield of 3.0%. Barnes & Noble Education’s payout ratio is currently 68.09%.

Insider Activity

In related news, CFO Jason Snagusky sold 5,000 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $12.64, for a total value of $63,200.00. Following the completion of the transaction, the chief financial officer directly owned 71,762 shares of the company’s stock, valued at $907,071.68. This represents a 6.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 10,513 shares of company stock worth $129,173 in the last three months. Insiders own 1.70% of the company’s stock.

Institutional Trading of Barnes & Noble Education

Several large investors have recently added to or reduced their stakes in BNED. Bank of America Corp DE raised its stake in Barnes & Noble Education by 1,412.1% during the 4th quarter. Bank of America Corp DE now owns 6,139 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 5,733 shares in the last quarter. Kanen Wealth Management LLC grew its stake in shares of Barnes & Noble Education by 30.6% in the first quarter. Kanen Wealth Management LLC now owns 3,090,043 shares of the specialty retailer’s stock worth $32,445,000 after purchasing an additional 724,683 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Barnes & Noble Education by 96.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,205 shares of the specialty retailer’s stock worth $1,094,000 after purchasing an additional 51,190 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Barnes & Noble Education by 123.2% during the second quarter. Geode Capital Management LLC now owns 402,109 shares of the specialty retailer’s stock valued at $4,734,000 after purchasing an additional 221,936 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Barnes & Noble Education during the second quarter valued at $344,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

About Barnes & Noble Education

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.