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BN Education Announces Stock Buyback

December 14, 2015
By Michael Cader

Now that no one else seems to want its stock since reducing forecasts for the year when reporting quarterly earnings a week ago, Barnes & Noble Education announced that the board has authorized stock repurchases of up to $50 million worth of shares. That has given the company’s shares a small boost in price this morning, though BNED still trades below $9 a share — down over 40 percent from its recent peak on November 27. With a current market capitalization of only about $425 million, that repurchase authority covers a meaningful portion of shares outstanding.

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Filed Under: Bookstores, Education, Finance

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