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Barnes & Noble Education, Inc.NYSE:BNED 株式レポート

時価総額 US$307.3m
株価
US$9.53
US$2.3
313.9% 割高 内在価値ディスカウント
1Y-9.7%
7D6.2%
1D
ポートフォリオ価値
​
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Barnes & Noble Education, Inc.

NYSE:BNED 株式レポート

時価総額：US$307.3m

Barnes & Noble Education（BNED）株式概要

Barnes & Noble Education, Inc.は、主に米国で大学キャンパスや幼稚園から高校までの教育機関向けの書店を運営している。 詳細

BNED ファンダメンタル分析
スノーフレーク・スコア
評価2/6
将来の成長0/6
過去の実績0/6
財務の健全性4/6
配当金0/6

報酬

過去5年間の収益は年間23.2%増加しました。

リスク分析

リスクチェックの結果、BNED 、リスクは検出されなかった。

BNED Community Fair Values

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Barnes & Noble Education, Inc. 競合他社

価格と性能

株価の高値、安値、推移の概要Barnes & Noble Education
過去の株価
現在の株価US$9.53
52週高値US$12.21
52週安値US$5.90
ベータ1.35
1ヶ月の変化-14.91%
3ヶ月変化15.10%
1年変化-9.67%
3年間の変化-93.04%
5年間の変化-98.83%
IPOからの変化-99.34%

最新ニュース

Seeking Alpha • Mar 25

Barnes & Noble Education: Mixed Quarter But Too Cheap To Ignore - Buy

Summary Barnes & Noble Education reported mixed Q3/FY2026 results, with strong demand for the company's First Day offerings offset by persistent margin pressure. As a result, management lowered the company's Adjusted EBITDA guidance range from $65 to $75 million to $65 to $70 million. However, management expects to reverse recent margin trends in the near future and continues to target 15% to 20% Adjusted EBITDA growth in fiscal year 2027. Perhaps most notably, the company has stated its intent to pay a quarterly cash dividend of $0.08 per share, starting in Q1/FY2027. Even with somewhat lower-than-expected profitability, upside remains substantial. Consequently,  I am reiterating my "Buy" rating and $15.00 price target on BNED stock. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Mar 25

Barnes & Noble Education: Mixed Quarter But Too Cheap To Ignore - Buy

Summary Barnes & Noble Education reported mixed Q3/FY2026 results, with strong demand for the company's First Day offerings offset by persistent margin pressure. As a result, management lowered the company's Adjusted EBITDA guidance range from $65 to $75 million to $65 to $70 million. However, management expects to reverse recent margin trends in the near future and continues to target 15% to 20% Adjusted EBITDA growth in fiscal year 2027. Perhaps most notably, the company has stated its intent to pay a quarterly cash dividend of $0.08 per share, starting in Q1/FY2027. Even with somewhat lower-than-expected profitability, upside remains substantial. Consequently,  I am reiterating my "Buy" rating and $15.00 price target on BNED stock. Read the full article on Seeking Alpha
分析記事 • May 29

Investors Will Want Barnes & Noble Education's (NYSE:BNED) Growth In ROCE To Persist

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Apr 07

Barnes & Noble Education, Inc.'s (NYSE:BNED) Popularity With Investors Is Under Threat From Overpricing

There wouldn't be many who think Barnes & Noble Education, Inc.'s ( NYSE:BNED ) price-to-sales (or "P/S") ratio of 0.2x...
Seeking Alpha • Mar 12

Barnes & Noble Education: Profitable Quarter But Cash Flow Disappoints - Hold

Summary Barnes & Noble Education reported profitable third quarter results, with sales benefiting from persistent growth in the company's First Day program offerings. However, net income would have been negative without a sizable one-time benefit from the termination of liabilities related to a frozen retirement benefit plan. While Adjusted EBITDA increased by almost 30% on a year-over-year basis, improved profitability did not translate into higher cash generation. The decision to dilute shareholders even further shortly after completing a major recapitalization transaction has impacted investor sentiment. While BNED stock trades at a bargain valuation of just 4x estimated 2026 EV/Adjusted EBITDA, market participants will likely require management to deliver on its promises before reconsidering an investment. Read the full article on Seeking Alpha
分析記事 • Dec 14

There's Reason For Concern Over Barnes & Noble Education, Inc.'s (NYSE:BNED) Massive 35% Price Jump

Barnes & Noble Education, Inc. ( NYSE:BNED ) shares have had a really impressive month, gaining 35% after a shaky...
Seeking Alpha • Dec 13

Barnes & Noble Education: Strong Q2 Results But Questions Remain - Hold

Summary Barnes & Noble Education reported decent Q2/FY2025 results, driven by strong growth in First Day program contributions and ongoing cost savings initiatives. While revenues were down slightly due to additional store closures, Adjusted EBITDA of $66 million increased by more than 30% on a year-over-year basis. However, persistent shareholder dilution in combination with a lack of investor communication and recent key executive resignations is keeping my from getting more constructive on the shares. Considering the renewed overhang from this week's $40 million shelf registration, I am reiterating my "Hold" rating on the shares. Read the full article on Seeking Alpha
分析記事 • Dec 11

Barnes & Noble Education's (NYSE:BNED) Returns On Capital Are Heading Higher

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Seeking Alpha • Oct 22

Barnes & Noble Education: Unlocking Potential Through First Day Programs

Summary Barnes & Noble Education's First Day Complete program is driving growth, with the potential to significantly boost EBITDA through increased student adoption. Strengthened balance sheet supporting future expansion, with significant upside under new management. BNED's stock is undervalued, trading at <4x EV/FY26 EBITDA, with insiders aggressively purchasing shares. Potential Russell 2000 addition creates favorable conditions for BNED's stock. Read the full article on Seeking Alpha
Seeking Alpha • Sep 24

Barnes & Noble Education: ATM Offering Ahead Of Financial Results Raises Questions

Summary Barnes & Noble Education, Inc. reported mixed Q1/FY2025 results, with revenues coming in slightly below expectations and GAAP profitability impacted by charges related to the recent recapitalization transaction. A 32% increase in First Day program revenues helped to offset sales pressure from store closures, and Adjusted EBITDA benefited from a combination of cost savings and higher productivity. In the earnings press release, management projected substantially increased profitability and cash flow for FY2025. However, momentum has faded recently, and Friday's $40 million ATM Offering isn't exactly suited to instill investor confidence ahead of the company's all-important Q2/FY2025 results. While I am reiterating my “Hold” rating for now, investors should keep a close eye on Barnes & Noble Education's operating performance when the company reports crucial Q2/FY2025 results in early December. Read the full article on Seeking Alpha
分析記事 • Sep 24

Why We're Not Concerned Yet About Barnes & Noble Education, Inc.'s (NYSE:BNED) 26% Share Price Plunge

Barnes & Noble Education, Inc. ( NYSE:BNED ) shares have retraced a considerable 26% in the last month, reversing a...
Seeking Alpha • Jul 31

Barnes & Noble Education: Lifting Of The DOE Overhang Is A Significant Positive

Summary BNED has successfully transformed its business with First Day and First Day Complete courseware solutions, leading to significant EBITDA improvement. FDC revenue has rapidly grown, with potential for further growth as the majority of students are not currently enrolled in schools offering FDC. Proposed regulations by the DOE that could have impacted FDC programs were ultimately abandoned, providing a positive outlook for BNED's future growth. As BNED's FDC transformation continues, shares could appreciate significantly, with a $2 billion valuation ($73 / share) potentially attainable by FY27. Read the full article on Seeking Alpha
Seeking Alpha • Jul 19

Barnes & Noble Education: Recapitalization Transaction Strengthens, But Major Overhang Remains

Summary Following a heavily dilutive recapitalization transaction and subsequent 1:100 reverse stock split, Barnes & Noble Education's shares have been quite volatile as of late. Two weeks ago, the company reported better-than-expected results for FY2024 with Adjusted EBITDA exceeding management's projections amid a 37% increase in First Day program revenue. Going forward, cash flows should benefit from substantially lower average debt levels. As a result, Barnes & Noble might start to generate free cash flow in the current fiscal year. Thursday's break-out in BNED stock to new post-recapitalization highs on massive trading volume might very well result in some follow-through on Friday and going into next week. However, the federal government's recently announced plan to end automatic textbook fees remains a major overhang for the company. Given the potential make-or-break character of the proposed changes, I prefer to remain on the sidelines. Read the full article on Seeking Alpha
Seeking Alpha • Jul 03

Barnes & Noble Education Is Growing, But Not Fast Enough

Summary Barnes & Noble Education reported Q4 and full year earnings, showing a per-share loss for both periods. Revenue from BNC First Day increased 37% year over year to $474 million, a significant part of total revenue. The company faces risks such as heavy losses, competition in book-selling, seasonality, and potential dilution of shares. Read the full article on Seeking Alpha
Seeking Alpha • Apr 19

Barnes & Noble Education: Shares Crater After Proposed Recapitalization - Hold

Summary Last month, Barnes & Noble Education reported better-than-expected Q3/FY2024 results and reiterated expectations for full-year Adjusted EBITDA of $40 million. Unfortunately, the company also warned investors of a potential equity offering "at a substantial discount to the current market price" thus causing a 15% selloff in the shares. On Tuesday, the company announced a number of transactions to strengthen the balance sheet and enhance liquidity. In aggregate, the company will issue 2.58 billion (!) new common shares. Existing shareholders should consider participating in the rights offering in order to significantly reduce their average purchase price and bet on the market assigning a higher valuation to the recapitalized company. However, given the massive risks associated with the recently proposed end to automatic text book fees, at least in my opinion, Barnes & Noble Education remains a highly speculative investment. Read the full article on Seeking Alpha
Seeking Alpha • Jan 22

Barnes & Noble Education: After The DOE Scare, Why I've Tripled Down

Summary I've recently tripled down on my investment in BNED, buying more shares after a significant sell-off. The sell-off was triggered by an article suggesting a policy change that would affect BNED's business, but I believe the sell-off is irrational. I explain the benefits of BNED's First Day Complete program and argue that the sell-off is based on misunderstandings and fear. Read the full article on Seeking Alpha
分析記事 • Jan 11

An Intrinsic Calculation For Barnes & Noble Education, Inc. (NYSE:BNED) Suggests It's 33% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, Barnes & Noble Education fair value estimate is US$1.65 Barnes...
Seeking Alpha • Dec 13

Barnes & Noble Education: After A Great Q2 2024, Look For $2 Per Share

Summary Barnes & Noble Education is a mispriced opportunity with the potential for a breakout and a near-term price target of $2 per share. BNED's Q2 FY 2024 results were strong, with impressive free cash flow, increased retail sales, and improved Adj. EBITDA. The company's First Day and First Day Complete business transformation is promising, and the adoption of this model is expected to drive major growth in Adj. EBITDA. Read the full article on Seeking Alpha
Seeking Alpha • Oct 05

Barnes & Noble Education: Making Sense Of The Transformation

Summary Barnes & Noble Education is attempting to pivot away from its traditional textbook model and survive through its new initiative called First Day Complete (FDC). FDC aims to convert campuses to a subscription-like model by bundling textbooks with tuition/course costs, potentially improving BNED's financial performance. BNED faces challenges such as poor forecasting, cannibalization of its legacy business, and competition from other entities launching similar models. The success of BNED's pivot remains uncertain. Read the full article on Seeking Alpha
Seeking Alpha • Jul 03

Barnes & Noble Education: Pressure On Revenue And Margin Remains

Summary The company lowered guidance for Q4 2023 (fiscal) due to lower revenue and unfavorable product mix. The sale of the DSS segment is in line with the company's strategic goals; however, in my opinion, it could put pressure on operating margins in the coming quarters. The operating profit of the company is still in the negative zone. Read the full article on Seeking Alpha
Seeking Alpha • Jan 25

Barnes & Noble Education: Losses Are Growing

Summary Barnes & Noble has missed EPS expectations for four consecutive quarters. Top and bottom line fundamentals are downward trending, generating negative cash from operations and taking on increasingly high debt with interest expenses. Its newer student subscription model shows promising growth but has yet to significantly impact total sales at $90 million in revenue. Investing is about growing your capital. Barnes & Noble Education, Inc. (BNED) has unfortunately been unable to do this for themselves or investors for a long time. Over the last five years, investors have seen the stock price drop by 70.23%. Five-year stock trend (SeekingAlpha.com) The business fundamentals have been trending downwards, with negative cash flow, total debt is increasing, and we see a spike in interest expenses. Although the company has grown revenue from its newer FDC business model, it continues to miss quarterly earnings expectations, and there is little obvious growth potential in the next year. For this reason, I do not recommend buying this stock and giving it a hold status. Company overview BNED is the college bookstore spin-off of the now privately owned Barnes and Noble book chain, established in 2015. At a glance, the business looks good. It is the number one operator of college bookstores. We can see that the company has a large footprint offline and online and reports high annual revenue. BNED overview (investor presentation) However, if we ignore COVID-inflicted FY21, revenue has been downward trending with little future growth prospect insight. The company has been producing losses for years. BNED was debt free until FY17, which has since increased to $573.6 million, and high-interest rates on loans are adding to expenses. Income statement trend (marketscreener.com) Annual total debt (SeekingAlpha.com) The company generates revenue through three business segments. Firstly, the most significant segment is retail, which includes 793 college, university or K-12 physical bookstores and 606 virtual bookstores. It accounted for 94% of annual sales in FY22. Secondly, there is the wholesale segment. The wholesale business is still one of the largest in the USA and accounts for 7.3% of annual sales. They sell to their 606 virtual bookstores and over 3000 physical bookstores. This segment also sells inventory application management solutions to 350 college bookshops. Thirdly, there is the smallest but fastest-growing segment, digital student solutions ((DSS)), at a share of 2.3%. It includes subscription-based services to help students with their academic performances. The increase in sales from FY21 to FY22 is not on trend due to the COVID-19 pandemic's impact. Business segments (marketscreener.com) We can see this if we look at Q2 2023's 13 and 26 weeks end in the table below. Only the DSS segment saw an increase over the three-month period, although retail has increased over the last nine months. Q2 23 Segment results for 3 and 9 months in thousands of dollars (sec.gov) One of the potential growth drivers is that the company has a new business model, the First Day Complete program, which is a subscription-based model that gives students access to all their required learning material before the start of the school term. However, it is currently insufficient to improve the overall business at less than $100 million in revenue. New revenue model (Investor Presentation 2023) Financials and valuation BNED has been producing back-to-back financial disappointments, missing earning expectations for four consecutive quarters. Last quarter the company reported revenues of $617.1 million, which was a decrease of 1.6% YoY from the quarter prior, and this is amidst an inflationary market. Its net income was $22.1 million, a decrease of 1.5% YoY, and the profit margin is at a low of 3.6%, which has remained similar YoY. If we look at earnings per share, the company is at $0.42 per share, a decrease of $0.01 from last year's Q2, and earnings missed analyst expectations by 45%.

株主還元

BNEDUS Specialty RetailUS 市場
7D6.2%5.9%1.0%
1Y-9.7%2.3%28.7%

業界別リターン: BNED過去 1 年間で2.3 % の収益を上げたUS Specialty Retail業界を下回りました。

リターン対市場: BNEDは、過去 1 年間で28.7 % のリターンを上げたUS市場を下回りました。

価格変動

Is BNED's price volatile compared to industry and market?
BNED volatility
BNED Average Weekly Movement6.6%
Specialty Retail Industry Average Movement7.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

安定した株価: BNED 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。

時間の経過による変動: BNEDの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。

会社概要

設立従業員CEO（最高経営責任者ウェブサイト
19653,032Jonathan Sharwww.bned.com

Barnes & Noble Education, Inc.は、主に米国の大学キャンパスや幼稚園から高校までの教育機関向けに書店を運営している。同社は、新刊・中古の印刷教科書、デジタル教科書、出版社主催のデジタルコースウェアを、実店舗やバーチャル書店を通じて、またTextbooks.comを通じて学生に直接販売・レンタルしている。さらに、First DayおよびFirst Day Completeアクセスプログラム、大学・スポーツウェア、スクールスピリット製品、ライフスタイル・ウェルネス製品、テクノロジー製品、消耗品、卒業用品、便利グッズなどの一般商品も提供している。さらに、同社は新品・中古教科書の仕入れ、販売、流通を行い、大学書店に在庫管理と販売時点情報管理ソリューションを提供するハードウェアとアプリケーションのソフトウェア・スイートを販売している。さらに、学生に直接販売するサービスも提供している。実店舗の大学・専門学校向け書店、バーチャル書店、トゥルースピリットeアパレルとスピリットショップのeコマースサイト、ポップアップ店舗、カスタマイズカフェと独立型コンビニエンスストア、大学購買層をターゲットにしたブランド向けメディアチャネルを運営している。バーンズ＆ノーブル エデュケーション社は1965年に設立され、ニュージャージー州フローラム・パークに本社を置いている。

Barnes & Noble Education, Inc. 基礎のまとめ

Barnes & Noble Education の収益と売上を時価総額と比較するとどうか。
BNED 基礎統計学
時価総額US$307.29m
収益（TTM）-US$9.62m
売上高(TTM)US$1.73b
0.2x
P/Sレシオ
-34.0x
PER（株価収益率

BNED は割高か？

公正価値と評価分析を参照

収益と収入

最新の決算報告書（TTM）に基づく主な収益性統計
BNED 損益計算書（TTM）
収益US$1.73b
売上原価US$1.38b
売上総利益US$351.89m
その他の費用US$361.51m
収益-US$9.62m

直近の収益報告

Jan 31, 2026

次回決算日

該当なし

一株当たり利益（EPS）-0.28
グロス・マージン20.35%
純利益率-0.56%
有利子負債／自己資本比率47.7%

BNED の長期的なパフォーマンスは？

過去の実績と比較を見る

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/22 14:49
終値2026/05/22 00:00
収益2026/01/31
年間収益2025/05/03

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Barnes & Noble Education, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3

アナリスト機関
Alex FuhrmanCraig-Hallum Capital Group LLC
Ryan MacDonaldNeedham & Company
Gregory PendySidoti & Company, LLC