Should You Buy Barnes & Noble Education (NYSE:BNED) On Current Analyst Views?

Lucy Hill
July 26, 2017

Sandell Asset Management Corp. which was set up in 1998 and specializes in equity special situations and credit opportunities, said it has built a "meaningful" stake in the company and argued that it could be taken private for at least $12 a share, well above the $7.10 level it closed at on Monday. Thrivent Financial For Lutherans now owns 21,857 shares of the specialty retailer's stock worth $210,000 after buying an additional 760 shares during the last quarter. During the same quarter in the previous year, the company posted $0.07 EPS. The business's revenue was up 16.3% compared to the same quarter past year.

The company now has a P/E ratio of 23.91 and the market cap of the company is 514.30M.

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. Stakeholders would be better served by Barnes & Noble operating as a private entity or as a division within a larger organization. Finally, Norges Bank bought a new stake in shares of Barnes & Noble Education during the fourth quarter valued at about $1,992,000.

Barnes & Noble Education (NYSE:BNED) last announced its earnings results on Wednesday, July 12th. VIAV, +0.44% in the past, would like to see Barnes & Noble go private, or find a deep-pocketed owner that would allow it to operate independently, as the public markets are now "inhospitable" to retailers. On average, analysts expect that Barnes & Noble Education will post $0.31 EPS for the current year.

Based on Monday's closing share price of $7.10, Barnes & Noble's market value is about $515 million. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws.

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A number of research firms have recently weighed in on BNED. The correct version of this piece of content can be accessed at BidaskClub cut Barnes & Noble Education from a "buy" rating to a "hold" rating in a research report on Tuesday, July 11th.

Having shed its college bookstore chain two years ago and downsized its Nook business, Barnes & Noble now has only its main retail business to rely on for growth.

Barnes & Noble Education, a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers its customers a suite of textbook options-new, used, digital and rental.

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