Sandell Believes Barnes & Noble Should Not Be Stand-alone Public Company

Sandell Believes Barnes & Noble Should Not Be Stand-alone Public Company

Stock Swings Lower After Revenue MissGeneral Motors stock started the session in positive territory, after the vehicle giant reported earnings of $1.89 per share that exceeded the consensus $1.69 per share estimate. The business had revenue of $342.80 million during the quarter, compared to analyst estimates of $310.58 million.

Barnes & Noble stock recently enjoyed a bounce on the heels of its better-than-expected quarterly results in June. The company's revenue for the quarter was up 16.3% compared to the same quarter a year ago. Analysts expect next quarter's EPS will be $0.82 with next year's EPS projected to be $0.49.

BNED has been the subject of a number of other research reports.

Shares which have been floating around $7 of late, giving Barnes & Noble a valuation of about $500 million, rose to about $8, or a 14% increase in morning trading.

A total of 2 brokerages have released a report on Barnes & Noble Education Inc. zero brokerages rating the company a strong buy, one brokerage rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $15.50.

Several other hedge funds have also added to or reduced their stakes in the company.

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The share price of Barnes & Noble Education (NYSE:BNED) was down -4.52% during the last trading session, with a day high of 7.52.

Barnes & Noble Education, Inc.is a contract operator of bookstores on college and university campuses across the United States and a well-known provider of digital education services. Equity analyst Cantor Fitzgerald initiated coverage setting a rating of "Buy" and setting a price target of $19.00. FMR LLC boosted its stake in shares of Barnes & Noble Education by 0.6% in the fourth quarter. Aperio Group, LLC now holds 12,020 shares valued at $128,000. Comerica Bank raised its position in shares of Barnes & Noble Education by 5.9% in the fourth quarter. As of the end of the quarter Morgan Stanley had sold 548 shares trimming its stake by 3.3%. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Barnes & Noble Education by 711.6% in the first quarter.

It is now trading at $7.10 which is just a bit below the 50 day moving average which is $7.16 and which is a tad under the 200 day moving average of $8.68.

The most current P/E ratio is 65.36 and the market cap is 334.45M.

ILLEGAL ACTIVITY WARNING: "New York State Teachers Retirement System Continues to Hold Position in Barnes & Noble Education, Inc (BNED)" was published by Chaffey Breeze and is owned by of Chaffey Breeze.

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