The shares of Barnes & Noble Education Inc (NYSE:BNED) currently has mean rating of 2.50 while Zero analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 1 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.
The company’s mean estimate for sales for the current quarter ending Apr-16 is 284.43 million by 2 analysts. The means estimate of sales for the year ending Apr-16 is 1.80 million by 2 analysts.
The mean price target for the shares of Barnes & Noble Education Inc (NYSE:BNED) is at 15.50 while the highest price target suggested by the analysts is 20.00 and low price target is 11.00. The mean price target is calculated keeping in view the consensus of 2 brokerage firms.
The average estimate of EPS for the current fiscal quarter for Barnes & Noble Education Inc (NYSE:BNED) stands at -0.06 while the EPS for the current year is fixed at -0.06 by 1 analysts.
The next one year’s EPS estimate is set at 0.40 by 2 analysts while a year ago the analysts suggested the company’s EPS at -0.06. The analysts also projected the company’s long-term growth at 20.00% for the upcoming five years.
In its latest quarter ended on 31st Jan 2016, Barnes & Noble Education Inc (NYSE:BNED) reported earnings of -$0.07. The posted earnings missed the analyst’s consensus by -$0.18 with the surprise factor of -163.60%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On June 23, 2016 Barnes & Noble Education Inc (BNED) announced it has completed the acquisition of the assets of Promoversity, a custom merchandise supplier and e-commerce storefront solution serving the collegiate bookstore business and its customers. The acquisition of Promoversity will enable Barnes & Noble College, a division of Barnes & Noble Education, to customize its e-commerce offerings and drive on-campus apparel sales with numerous constituent shopping groups.
Promoversity will become a wholly owned subsidiary of Barnes & Noble College, and continue to operate independently under the leadership of Doug Murphy who, along with the existing management team, will manage the company’s day-to-day operations and support all of its customers.
Barnes & Noble College will broaden its selection of customized merchandise available in the campus bookstore today. By leveraging Promoversity’s established supply chain, in-house printing capabilities and ability to fulfill orders quickly and on an individual basis, Barnes & Noble College will expand its assortment offerings both in store and on its multiple e-commerce platforms.
“Through our close partnerships with more than 740 campuses nationwide, we learned that alumni and fans were seeking a more streamlined athletic-only approach to making athletic and collegiate purchases,” said Joel Friedman, Vice President and Chief Merchandising Officer, Barnes & Noble College. “By acquiring Promoversity, we’re building upon our localized campus solutions and creating more enjoyable, convenient shopping experiences while also streamlining production on the back end. We know that school spirit runs deep, and this is the newest way Barnes & Noble College is able to offer a huge variety of high-quality, premium merchandise to students, alumni and families online.”
Customers will be able to seamlessly shop the large variety of merchandise on bookstore websites and pick up purchases in store or have them conveniently delivered right to their front door. Also at its bookstore locations, Barnes & Noble College will promote Promoversity’s web-based platform to allow constituent groups on campus to create and execute custom, scalable fundraising campaigns via the purchase of school products.