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Barnes & Noble Inc (BKS)

- NYSE
  • Mon, Aug. 3, 2:37 PM
    • Barnes & Noble Education (OTCQB:BNET) CEO Michael Huseby says the company will consider digital M&A in order to accelerate growth.
    • It's been a rough start for the company today in its NYSE debut after spinning off from Barnes & Noble (BKS -34.8%). Shares are off 9.5%.
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  • Mon, Aug. 3, 12:46 PM
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  • Mon, Jul. 20, 8:38 AM
    • Barnes & Noble (NYSE:BKS) appoints Frederic Argir as Chief Digital Officer of the company.
    • The role will include oversight of B&N's Nook business and e-commerce strategy.
    • The current president of the Nook consumer business is stepping down.
    • Most analysts expect the company to streamline the Nook business in order to reduce losses.
    • Shareholders of BKS are less than two weeks away from a distribution of Barnes & Noble Education (OTCQB:BNET).
    • Previously: Dividends back on at Barnes & Noble (Jul. 14 2015)
    | 1 Comment
  • Wed, Jul. 15, 2:00 PM
    • Barnes & Noble (BKS -1%) announces the new Harper Lee book set a record for first-day sales.
    • The company expects Go Set a Watchman to be its best-selling book of the year.
    • Lee's first book, To Kill a Mockingbird, jumped to number two on the company's sales list off renewed interest for the 1960 classic.
    • Strong book buzz has been a significant factor for B&N's earnings in past years with the Fifty Shades of Grey series and Harry Potter collection notable examples.
    • Previously: New Harper Lee book sales passing records (Jul. 14 2015)
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  • Tue, Jul. 14, 1:12 PM
    • The board at Barnes & Noble (BKS +1.5%) formally approved the spinoff of Barnes & Noble Education (OTCQB:BNET).
    • The distribution of shares is set for August 2 to shareholders of record July 27.
    • Barnes & Noble is also firing back up a dividend. A dividend of $0.15/share goes out quarterly beginning on August 17.
    • The company pulled its dividend back in 2011 amid steep losses with the Nook division.
    • BKS +22.2% YTD.
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  • Wed, Jul. 8, 1:52 PM
    • Paul Guenther discloses he bought 4K Barnes & Noble (BKS +1%) shares yesterday at $26.11. Guenther joined the board last month.
    • The bookseller is up moderately amid a 1.1% drop for the S&P 500. Shares +13% YTD.
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  • Thu, Jul. 2, 8:12 AM
    • Ronald Boire became permanent CEO of Sears Canada (NASDAQ:SHLD) just a few months back, but now he's headed to Barnes & Noble (NYSE:BKS) as that company's CEO, effective September 8, after the spinoff of the company's education unit.
    • Current CEO Michael Huseby will become executive chairman of Barnes & Noble Education.
    • Chief Merchandising Officer Jaime Carey is promoted to COO, effective immediately.
    • Source: Press Release
    | 1 Comment
  • Mon, Jun. 29, 7:29 AM
    • Barnes & Noble Education (BNED) will be spun off to shareholders of Barnes & Noble (NYSE:BKS) at a rate of 0.632 shares per share of BKS.
    • The college bookstore business generated sales of $1.772B in FY15 and EBITDA of $84.1M.
    • Comparable store sales were up 0.1%.
    • The 724 college locations for Barnes & Noble Education marks a national reach of 24% of all college students.
    • SEC Form S-1
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  • Thu, Jun. 25, 9:12 AM
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  • Thu, Jun. 25, 8:42 AM
    • Barnes & Noble (NYSE:BKS) announces all three of its segments saw sales decline in FQ4.
    • EBITDA was higher for the quarter as the Nook loss was cut to $14.8M from $56M a year ago.
    • Core comparable-store sales for the retail segment fell 0.5%.
    • Comparable-store sales for the college segment were up 6%.
    • Guidance: Retail core comparable bookstore sales are expected to rise 1% in FY16. EBITDA losses for the Nook segment are expected to decline again.
    • BKS +2.54% premarket to $27.00.
    | Comment!
  • Thu, Jun. 25, 8:35 AM
    • Barnes & Noble (NYSE:BKS): FQ4 EPS of -$0.37 beats by $0.02.
    • Revenue of $1.18B (-10.6% Y/Y) in-line.
    • Press Release
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  • Wed, Jun. 24, 5:30 PM
  • Fri, Jun. 19, 2:03 PM
    • Barnes & Noble (BKS +1.9%) announces the addition of Ann-Marie Campbell and Paul Guenther to its board ahead of the planned split by the company into two separate entities.
    • Campbell is a top Home Depot exec, while Guenther has deep financial services experience.
    • The spinoff of the college bookstore business is expected to be executed before the end of August.
    • Shares of B&N are up 21% over the last month on optimism the sum of the parts is greater than the whole.
    • Earlier this month, Barron's pitched the case that shares of BKS are worth $40 ahead of the split.
    | Comment!
  • Sat, Jun. 6, 12:13 PM
    • Barnes & Noble (NYSE:BKS) is a screaming buy ahead of the planned spinoff of the company's education business, reasons Barron's.
    • Working off the EBITDA B&N churned up last year, Barron's estimates the retail stores are worth $22 a share, while the education business is $14 a share and another $4 a share sits in cash.
    • That $40 valuation on BKS compares to a Friday close of $24.68 and doesn't apply a premium to the retail bookstore and education businesses becoming more efficient after they are freed up.
    • Craig-Hallum Capital Group agrees that B&N is undervalued as the Nook overhang scares off growth investors and Wall Street analysts alike.
    • SA contributor Andriy Blokhin has a breakdown on Barnes & Noble that dives into fundamentals.
    • Spinoff details: Barnes & Noble issues details on education business spinoff (June 4)
    | 4 Comments
  • Thu, Jun. 4, 6:28 PM
    • Barnes & Noble (NYSE:BKS) is out with an amended SEC filing covering the spinoff of its education business.
    • The company reports sales of $1.75B in 2014 and net income of $34.52M for the education services and products.
    • Growing the existing bookstore business and building a digital education platform will be two areas of focus for B&N Education when it's set free from its parent company.
    • The trading symbol for Barnes & Noble Education will be BNED.
    • SEC Form S-1
    | Comment!
  • Mon, Apr. 13, 9:59 AM
    • Shares of Barnes & Noble (BKS +4.4%) came out of the gate hard after Craig Hallum starts off coverage with a Buy recommendation
    • The investment firm sets a price target of $36 on B&N - a level the stock hasn't traded at since 2008.
    | Comment!
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Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.