Barnes & Noble Education (BNED)
Operates campus stores, course-material programs, and wholesale services for educational institutions.
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Operates campus stores and e-commerce sites while supplying course materials through BNC First Day programs. Its MBS capabilities extend the model into textbook wholesale and virtual-store services.
Operates campus stores and e-commerce sites alongside BNC First Day course-material programs arranged with educational institutions. First Day Complete expands that model through institutionally arranged access to required course materials.
MBS adds textbook wholesale, direct-to-student distribution, virtual bookstores, and bookstore systems to the campus-retail base. These capabilities combine with campus-facing retail operations.
The separately listed college successor to Barnes & Noble is controlled by Immersion Corporation following a recapitalization. Its operating model depends on campus relationships, course-material delivery for partner institutions, and the integration of retail, virtual-store, and wholesale infrastructure.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 26, 2026 | Northland Securities | Target | Target: $17 | Target: $18.50 |
| Jun 26, 2026 | Needham | Upgrade | Target: $4 | Target: $16 |
| Jun 10, 2026 | Northland Securities | Target | Target: — | Target: $17 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Aug 1, 2026Cash & short-term investments $7.8M · Total debt $273.2M · Total assets $846.7M · Shareholders' equity $278.4M
- Revenue
- $290.6M
- Operating income
- −$18.4M
- Net income
- −$12.9M
HistoryDividendAnnual yield
| Institutions | ≈ 76.81% | 26.63M shares | |
|---|---|---|---|
| 118 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 7.61% | 2.64M shares | |
| 14 holders · as of Aug 3, 2026 | |||
| Other | ≈ 15.58% | 5.40M shares | |
| remainder | |||
34.66M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Immersion CorpInstitution | 32.33% | 11.21M | as of Jun 30, 2026 |
Kanen Wealth Management LLCInstitution | 9.75% | 3.38M | as of Jun 30, 2026 |
Springhouse Capital (U.S.), L.P.Institution | 6.19% | 2.15M | filed Feb 24, 2026 |
Windward Management LPInstitution | 4.78% | 1.66M | as of Jun 30, 2026 |
David L. KanenInsider | 4.41% | 1.53M | filed Sep 26, 2024 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 17, 2026 | Jason Snagusky | officer: CFO | −5,000 | $12.64 |
| Jul 10, 2026 | Gary Luster | officer: SVP, Chief Accounting Officer | −1,066 | $11.61 |
| Jul 10, 2026 | Christopher Neumann | officer: EVP General Counsel, Secretary | −2,785 | $11.61 |
| Jul 10, 2026 | Jason Snagusky | officer: CFO | −2,237 | $11.61 |
| Jul 6, 2026 | Toro 18 Holdings LLC | director, 10 percent owner: | −17,000 | $11.06 |
- Amazon
Direct-to-student textbook and campus-merchandise marketplace
- McGraw Hill
Higher-education publisher with direct and inclusive-access delivery
- Pearson (ADR)
Higher-education publisher selling directly to students and institutions
- Chegg
Digital academic-services platform serving college students
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Barnes & Noble Education | $10.91 | −1.98% | $385.6M | 17.4 | 13.4 | 0.2 | +0.9% |
| Amazon | $249.52 | −2.14% | $2.74T | 20.5 | 26.7 | 3.5 | +19.6% |
| McGraw Hill | $13.45 | −0.70% | $2.59B | 28.8 | 6.8 | 1.2 | +2.7% |
| Pearson (ADR) | $15.76 | −1.01% | $9.56B | 24.0 | — | 2.0 | +4.8% |
| Chegg | $0.7114 | −4.99% | $83.8M | — | — | 0.3 | −50.7% |
| Median | 24.0 | 16.8 | 1.6 | +3.7% |