Scholastic (NASDAQ:SCHL) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Scholastic (NASDAQ:SCHL) from a hold rating to a buy rating in a research report report published on Thursday morning, BidAskClub reports.

A number of other analysts have also recently issued reports on SCHL. ValuEngine cut Scholastic from a hold rating to a sell rating in a research report on Friday, June 14th. Zacks Investment Research raised Scholastic from a strong sell rating to a buy rating and set a $39.00 target price for the company in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $41.50.

Shares of NASDAQ SCHL traded down $0.53 during trading hours on Thursday, reaching $39.67. The stock had a trading volume of 22,421 shares, compared to its average volume of 134,020. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 37.03 and a beta of 0.84. Scholastic has a fifty-two week low of $31.38 and a fifty-two week high of $47.94. The firm has a 50-day moving average of $34.67 and a 200-day moving average of $36.74.



Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, July 25th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.29. The firm had revenue of $470.70 million during the quarter, compared to analysts’ expectations of $456.80 million. Scholastic had a return on equity of 3.49% and a net margin of 0.94%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. Equities analysts anticipate that Scholastic will post 1.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 29th. Scholastic’s dividend payout ratio is presently 55.56%.

A number of institutional investors and hedge funds have recently bought and sold shares of SCHL. BNP Paribas Arbitrage SA raised its stake in Scholastic by 146.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,522 shares of the company’s stock valued at $259,000 after acquiring an additional 3,875 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Scholastic during the 1st quarter valued at approximately $341,000. Rhumbline Advisers raised its stake in Scholastic by 1.4% during the 1st quarter. Rhumbline Advisers now owns 83,796 shares of the company’s stock valued at $3,332,000 after acquiring an additional 1,180 shares during the last quarter. Comerica Bank raised its stake in Scholastic by 2.6% during the 1st quarter. Comerica Bank now owns 27,536 shares of the company’s stock valued at $1,124,000 after acquiring an additional 709 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in Scholastic by 4.2% during the 1st quarter. Texas Permanent School Fund now owns 18,922 shares of the company’s stock valued at $752,000 after acquiring an additional 763 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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