During the last session, Barnes & Noble Education Inc (NYSE:BNED)’s traded shares were 1.47 million, with the beta value of the company hitting 1.84. At the end of the trading day, the stock’s price was $0.63, reflecting an intraday gain of 1.78% or $0.01. The 52-week high for the BNED share is $2.26, that puts it down -258.73 from that peak though still a striking 4.76% gain since the share price plummeted to a 52-week low of $0.60. The company’s market capitalization is $33.48M, and the average intraday trading volume over the past 10 days was 0.9 million shares, and the average trade volume was 1.20 million shares over the past three months.
Barnes & Noble Education Inc (NYSE:BNED) trade information
Barnes & Noble Education Inc (BNED) registered a 1.78% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.78% in intraday trading to $0.63, hitting a weekly high. The stock’s 5-day price performance is -32.98%, and it has moved by -25.00% in 30 days. Based on these gigs, the overall price performance for the year is -65.95%. The short interest in Barnes & Noble Education Inc (NYSE:BNED) is 1.12 million shares and it means that shorts have 1.2 day(s) to cover.
Barnes & Noble Education Inc (BNED) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 45.50% this quarter and then jump 24.00% in the quarter after that. In the rating firms’ projections, revenue will increase 2.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $252.55 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $271.19 million by the end of Jul 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $215.19 million and $255.96 million respectively. In this case, analysts expect current quarter sales to grow by 17.40% and then jump by 6.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.50%. While earnings are projected to return 54.97% in 2024, the next five years will return 20.00% per annum.
BNED Dividends
Barnes & Noble Education Inc is due to release its next quarterly earnings on March 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Barnes & Noble Education Inc (NYSE:BNED)’s Major holders
Barnes & Noble Education Inc insiders own 27.75% of total outstanding shares while institutional holders control 37.46%, with the float percentage being 51.84%. Greenhaven Road Investment Management, L.P. is the largest shareholder of the company, while 72 institutions own stock in it. As of Jun 29, 2023, the company held over 5.15 million shares (or 9.78% of all shares), a total value of $6.49 million in shares.
The next largest institutional holding, with 1.78 million shares, is of Vanguard Group Inc’s that is approximately 3.38% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $2.24 million.
Also, the Mutual Funds coming in first place with the largest holdings of Barnes & Noble Education Inc (BNED) shares are Vanguard Total Stock Market Index Fund and Royce Opportunity Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 1.2 million shares. This amounts to just over 2.27 percent of the company’s overall shares, with a $1.51 million market value. The same data shows that the other fund manager holds slightly less at 0.97 million, or about 1.83% of the stock, which is worth about $1.22 million.
