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Barnes & Noble Education Inc (BNED)



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Upturn Advisory Summary
03/27/2025: BNED (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -69.1% | Avg. Invested days 16 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 341.11M USD | Price to earnings Ratio - | 1Y Target Price 0.75 |
Price to earnings Ratio - | 1Y Target Price 0.75 | ||
Volume (30-day avg) 386182 | Beta 2.13 | 52 Weeks Range 6.05 - 135.00 | Updated Date 03/30/2025 |
52 Weeks Range 6.05 - 135.00 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -68.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-10 | When After Market | Estimate - | Actual 0.2313 |
Profitability
Profit Margin -7.17% | Operating Margin (TTM) -12.48% |
Management Effectiveness
Return on Assets (TTM) 0.61% | Return on Equity (TTM) -99.34% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 698855854 | Price to Sales(TTM) 0.22 |
Enterprise Value 698855854 | Price to Sales(TTM) 0.22 | ||
Enterprise Value to Revenue 0.45 | Enterprise Value to EBITDA 97.34 | Shares Outstanding 30213900 | Shares Floating 12209276 |
Shares Outstanding 30213900 | Shares Floating 12209276 | ||
Percent Insiders 58.56 | Percent Institutions 30.06 |
Analyst Ratings
Rating 3 | Target Price 0.75 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Barnes & Noble Education Inc
Company Overview
History and Background
Barnes & Noble Education, Inc. (BNED) originated as part of Barnes & Noble Booksellers, focusing on the campus bookstore business. It was spun off as a separate publicly traded company in 2015. The company's history traces back to the late 19th century with the establishment of Arthur Hinds & Company, which later merged and evolved into Barnes & Noble.
Core Business Areas
- Retail: Operation of physical and virtual bookstores on college and university campuses, offering textbooks (new, used, rental), course materials, school supplies, technology products, and apparel.
- Wholesale: Distribution of textbooks and course materials to college and university bookstores, including those not managed by BNED.
- Digital Student Solutions (DSS): Provides digital educational content and services, including proprietary and third-party platforms, software, and learning tools. This includes Bartleby, a suite of student support services.
Leadership and Structure
Michael P. Huseby serves as the Chief Executive Officer of Barnes & Noble Education, Inc. The company has a traditional corporate structure with a board of directors and various executive leadership positions overseeing the different business segments.
Top Products and Market Share
Key Offerings
- Textbooks (New, Used, Rental): Textbooks are a core offering, available in various formats. Competitors include Amazon, Chegg, and direct publisher sales. Market share data specific to BNED textbook sales is difficult to pinpoint precisely but BNED is a leader in campus bookstore operations.
- Bartleby: Bartleby is a suite of digital study tools, including homework help, textbook solutions, and writing assistance. Competitors include Chegg, Quizlet, and Course Hero. Bartleby has experienced growth in subscribers.
- School and Campus Supplies: BNED retail stores provide physical campus supplies such as stationery, course-specific notebooks and materials along with branded and local university apparel.
Market Dynamics
Industry Overview
The educational services industry faces evolving trends, including the increasing adoption of digital learning, the affordability concerns of textbooks, and the changing preferences of students. There is a consolidation of campus stores and a need to adapt to online retail.
Positioning
Barnes & Noble Education, Inc. positions itself as a comprehensive provider of educational products and services, operating both physical and virtual campus bookstores. Its competitive advantages lie in its established campus relationships and its growing digital solutions offerings.
Total Addressable Market (TAM)
The total addressable market for educational materials and services is estimated to be worth billions of dollars annually. BNED captures a portion of this TAM via the campus store segment, but its digital offerings are meant to expand the potential market.
Upturn SWOT Analysis
Strengths
- Established presence on college campuses
- Relationships with educational institutions
- Diversified revenue streams (retail, wholesale, digital)
- Proprietary digital content (Bartleby)
- Strong brand recognition within the education market
Weaknesses
- High debt levels
- Reliance on textbook sales, which are declining
- Competition from online retailers (Amazon, Chegg)
- Seasonality of the business (peak sales during school start)
- Physical retail footprint can be expensive
Opportunities
- Growth of digital learning solutions
- Expansion of Bartleby subscriber base
- Partnerships with educational institutions for digital content delivery
- Strategic acquisitions to expand service offerings
- Increased focus on non-textbook retail products and services
Threats
- Declining textbook sales
- Competition from online retailers offering lower prices
- Adoption of open educational resources (OER)
- Changes in student preferences and purchasing habits
- Economic downturn impacting college enrollment
Competitors and Market Share
Key Competitors
- AMZN
- CHGG
- CENG
Competitive Landscape
Barnes & Noble Education faces intense competition from online retailers (Amazon, Chegg) and other textbook providers. Its advantage lies in campus relationships and digital offerings. Disadvantages include high debt and declining textbook sales.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent, with periods of revenue growth followed by declines. Textbook sales have decreased, while digital services have shown growth potential.
Future Projections: Analyst projections suggest potential for growth in digital services, but also challenges related to physical retail operations. Actual results may differ.
Recent Initiatives: Recent strategic initiatives include expanding the Bartleby platform, focusing on digital content partnerships, and optimizing the physical store footprint.
Summary
Barnes & Noble Education is adapting to the evolving education landscape, focusing on digital growth amid declining textbook sales. Its established campus presence and Bartleby platform are strengths, but high debt and online competition present challenges. Strategic partnerships and digital expansion are crucial for future success. They must continue to innovate to remain competitive in the market.
Similar Companies
- AMZN
- CHGG
- CENG
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Third-Party Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market conditions and company performance may change. Actual results may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Barnes & Noble Education Inc
Exchange NYSE | Headquaters Basking Ridge, NJ, United States | ||
IPO Launch date 2015-08-03 | CEO - | ||
Sector Consumer Cyclical | Industry Specialty Retail | Full time employees 2520 | Website https://www.bned.com |
Full time employees 2520 | Website https://www.bned.com |
Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions primarily in the United States. It operates in two segments, Retail and Wholesale. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com. In addition, it offers First Day and First Day Complete access programs; and general merchandise, including collegiate and athletic apparel, school spirit products, lifestyle and wellness products, technology products, supplies, graduation products, and convenience items. Further, the company sources, sells, and distributes new and used textbooks; and sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to college bookstores. Additionally, it offers direct-to-student services. The company operates physical college and university bookstores; virtual bookstores; True Spirit e-commerce websites; pop-up retail locations; customized cafés and stand-alone convenience stores; and a media channel for brands targeting the college demographic. Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey.
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