Barnes & Noble Education Inc (BNED) is Initiated by Sidoti to Neutral

Barnes & Noble Education Inc (BNED) was Initiated by Sidoti to “Neutral”. Sidoti advised their investors in a research report released on May 9, 2016.

On the company’s financial health, Barnes & Noble Education Inc reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Mar 8, 2016. Analyst had a consensus of $0.11. The company had revenue of $518.40 million for the quarter, compared to analysts expectations of $534.42 million. The company’s revenue was down -.6 % compared to the same quarter last year.

In a different news, on Dec 17, 2015, Joel Friedman (officer ) purchased 3,000 shares at $9.02 per share price. According to the SEC, on Dec 17, 2015, Joann Magill (VP, Human Resources) purchased 2,500 shares at $9.01 per share price.

Barnes & Noble Education Inc. is a contract operator of bookstores on college and university campuses in the United States. The Company creates and operates campus stores under multi-year management service agreements. Its products and services include Textbook and Course Material Sales Textbook and Course Material Rentals General Merchandise Trade Digital Education Platform (Yuzu) e-commerce Platform FacultyEnlight Campus Connect Technologies platform and Flexible Course Fee Solution. It operates approximately 724 stores across the nation. The Company’s stores are operated under 453 contracts some of which cover multiple store locations and 154 of its college and university affiliated bookstores are co-branded with the Barnes & Noble name. It also operates approximately 36 academic superstores at select campuses including the Harvard Coop University of Pennsylvania Yale University the College of William and Mary Vanderbilt University and Georgia Institute of Technology.

Barnes & Noble Education Inc

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