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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BNED. Russell Investments Group Ltd. lifted its holdings in shares of Barnes & Noble Education by 21.3% in the second quarter. Russell Investments Group Ltd. now owns 11,296 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 1,980 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Barnes & Noble Education in the third quarter valued at $126,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Barnes & Noble Education by 38.5% in the first quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock valued at $127,000 after purchasing an additional 3,675 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Barnes & Noble Education by 1.3% in the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 154 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Barnes & Noble Education by 57.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,152 shares of the specialty retailer’s stock valued at $129,000 after purchasing an additional 4,443 shares in the last quarter. Institutional investors own 67.71% of the company’s stock.

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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