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Barnes & Noble Inc (BKS)

  • 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
    | Thu, Jul. 2, 8:12 AM | 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
    | Mon, Jun. 29, 7:29 AM | Comment!
  • Thu, Jun. 25, 9:12 AM
    | Thu, Jun. 25, 9:12 AM | Comment!
  • 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.
    | Thu, Jun. 25, 8:42 AM | 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
    | Thu, Jun. 25, 8:35 AM | Comment!
  • 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.
    | Fri, Jun. 19, 2:03 PM | 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)
    | Sat, Jun. 6, 12:13 PM | 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
    | Thu, Jun. 4, 6:28 PM | 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.
    | Mon, Apr. 13, 9:59 AM | Comment!
  • Wed, Mar. 11, 1:07 PM
    | Wed, Mar. 11, 1:07 PM | Comment!
  • Tue, Mar. 10, 9:07 AM
    • Barnes & Noble (NYSE:BKS) reports comparable-store sales at its retail bookstore chain rose 1.7% in FQ3.
    • Revenue dropped 1% for the bookstore business on a smaller store count.
    • The college segment recorded revenue +7.2% to $521M and EBITDA -20% Y/Y to $28M. Investing in the digital side of the business was a factor.
    • Losses at the Nook segment were narrowed to $29M, despite a sharp slide in revenue.
    • Guidance: B&N expects the retail bookstore comp to be in the negative low single-digits in FY15 and Nook to be unprofitable again.
    • Previously: Barnes & Noble misses by $0.30, beats on revenue
    • BKS -2.45% premarket to $24.25.
    | Tue, Mar. 10, 9:07 AM | Comment!
  • Tue, Mar. 10, 8:33 AM
    • Barnes & Noble (NYSE:BKS): FQ3 EPS of $0.93 misses by $0.30.
    • Revenue of $1.96B (-1.5% Y/Y) beats by $40M.
    • Press Release
    | Tue, Mar. 10, 8:33 AM | Comment!
  • Mon, Mar. 9, 5:30 PM
  • Mon, Mar. 9, 2:57 PM
    • Barnes & Noble (BKS +1%) says it has invested in study aid player Flashnotes Inc. and plans to promote the business across its platforms.
    • Terms of the investment weren't disclosed.
    • The stake in Flashnotes Inc. is part of the B&N college bookstore business which will be spun off to shareholders later this year.
    | Mon, Mar. 9, 2:57 PM | Comment!
  • Thu, Feb. 26, 10:01 AM
    • Barnes & Noble (BKS +7%) will spin off its college business into a new publicly traded company in a tax-free distribution.
    • Shareholders can expect the transaction to be completed before the end of August.
    • The development is a reversal from a prior proposal to spin off the Nook business.
    • Shares of BKS etched out a fresh 52-week high after the news hit.
    | Thu, Feb. 26, 10:01 AM | 4 Comments
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.