Barnes & Noble Education Inc (BNED) Major Shareholder Abrams Capital Management, L.P Sells 1,039,022 Shares
Barnes & Noble Education Inc (NYSE:BNED) major shareholder Abrams Capital Management, L.P sold 1,039,022 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $7.82, for a total value of $8,125,152.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Barnes & Noble Education Inc (NYSE BNED) traded up $0.26 during trading hours on Thursday, hitting $7.96. The stock had a trading volume of 1,572,605 shares, compared to its average volume of 327,566. Barnes & Noble Education Inc has a one year low of $4.99 and a one year high of $13.15. The firm has a market cap of $362.65, a P/E ratio of 20.89, a PEG ratio of 0.77 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.32 and a quick ratio of 0.21.
Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings data on Tuesday, December 5th. The specialty retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.12. Barnes & Noble Education had a return on equity of 2.55% and a net margin of 0.84%. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $868.17 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. research analysts expect that Barnes & Noble Education Inc will post 0.5 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. TheStreet downgraded Barnes & Noble Education from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. Finally, Craig Hallum restated a “buy” rating and issued a $10.00 target price (down from $16.00) on shares of Barnes & Noble Education in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.92.
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Barnes & Noble Education Company Profile
Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.
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