Added to YB: 2026-03-19
Pitch date: 2026-03-16
BNED [bullish]
Barnes & Noble Education, Inc.
Author Info
No bio for this author
Company Info
Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions primarily in the United States.
Market Cap
$307.6M
Pitch Price
N/A
Price Target
24.00
Dividend
N/A
EV/EBITDA
2.35
P/E
-32.07
EV/Sales
0.35
Sector
Specialty Retail
Category
value
5x EBITDA for a 20% Grower with Sticky Revenue - Barnes & Noble Education, Inc.
BNED: Q3 rev +11.3% YoY, 9mo EBITDA $61.9M tracking to $65-75M FY26 guide. First Day Complete (edtech SaaS) +29% rev, 224 campuses, 1.1M students, 88% renewal rate driving 20-30% growth. Net debt down $55M YoY to $111M, deleveraging fast. New $0.08 quarterly dividend (3.4% yield). Mgmt guides 15-20%+ EBITDA growth FY27 to ~$82-85M. At $9.44, ~5-6x EV/FY27 EBITDA vs 10-12x for edtech peers. June investor day catalyst. Risk: gross margin pressure, retail segment opacity. Upside to $23-24 (~2.5x) at 10x EBITDA.
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