Barnes & Noble shares soar on privatization plan report

Barnes & Noble surges on takeover rumors

Sandell Asset Management has proposed to take Barnes & Noble private with shareholder help, the company said on November 16.

BNED companies include: Barnes & Noble College Booksellers, LLC, MBS Textbook Exchange, LLC, BNED LoudCloud, LLC, Student Brands, LLC, and Promoversity, LLC.

Once again, rumors are flying that Barnes & Noble is going private. The Company also operates MBS Textbook Exchange, one of the largest textbook wholesale distribution channels in the United States. Craig Hallum has "Buy" rating and $10.0 target. The stock was halted briefly on the news, and again while awaiting Barnes & Noble's response. In afternoon trading, its shares rose more than 7 percent to close at $7.10. Barnes & Noble Education has a one year low of $8.50 and a one year high of $13.15. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The value of the total investment in Barnes & Noble Education Inc C decreased from $342,000 to $174,000 a change of $168,000 for the reporting period. The specialty retailer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.03). He said the company could get more than $12 per share. On average, equities research analysts predict that Barnes & Noble Education will post $0.36 earnings per share for the current fiscal year. The firm's revenue for the quarter was up 48.7% compared to the same quarter past year. During the same quarter previous year, the business posted ($0.07) earnings per share. If you are reading this story on another publication, it was copied illegally and reposted in violation of global trademark & copyright law. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of USA and global trademark and copyright legislation.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BidaskClub lowered shares of Barnes & Noble from a "sell" rating to a "strong sell" rating in a research note on Friday, July 28th. Kennedy Capital Management, Inc. now controls 196,051 shares with a value of $1,276,000. Its stake was valued at $23,305,000 a decrease of $18,169,000 as of quarter end. BWS Financial assumed coverage on Barnes & Noble Education in a report on Tuesday, October 11th. The company's revenue for the quarter was up 2.0% on a year-over-year basis.

Barnes & Noble (NYSE:BKS) last released its earnings results on Thursday, September 7th. The Firm offers a support system, and a retail and digital learning experience for students.

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