Scholastic (SCHL) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Scholastic (NASDAQ:SCHL) from a hold rating to a buy rating in a research report report published on Saturday.

Other analysts also recently issued research reports about the stock. TheStreet upgraded shares of Scholastic from a c rating to a b- rating in a report on Friday, August 10th. BidaskClub upgraded shares of Scholastic from a hold rating to a buy rating in a report on Tuesday, September 11th. Zacks Investment Research downgraded shares of Scholastic from a strong-buy rating to a hold rating in a report on Wednesday, July 25th. Stifel Nicolaus reiterated a hold rating and issued a $43.00 target price (up previously from $40.00) on shares of Scholastic in a report on Monday, July 16th. Finally, UBS Group reiterated a sell rating on shares of Scholastic in a report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $48.50.

Scholastic stock opened at $43.09 on Friday. Scholastic has a fifty-two week low of $33.85 and a fifty-two week high of $47.76. The company has a market capitalization of $1.52 billion, a P/E ratio of 30.12 and a beta of 0.67.

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, July 19th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.08. Scholastic had a negative net margin of 0.31% and a positive return on equity of 3.97%. The firm had revenue of $496.20 million during the quarter, compared to the consensus estimate of $527.20 million. During the same quarter last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts expect that Scholastic will post 1.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.60 annualized dividend and a yield of 1.39%. Scholastic’s dividend payout ratio (DPR) is presently 41.96%.

In other Scholastic news, EVP Judith Newman sold 18,517 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $41.54, for a total value of $769,196.18. Following the completion of the transaction, the executive vice president now owns 20,308 shares in the company, valued at $843,594.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 47,194 shares of company stock valued at $1,953,703. Insiders own 21.79% of the company’s stock.

Several large investors have recently bought and sold shares of SCHL. SG Americas Securities LLC acquired a new position in shares of Scholastic in the first quarter worth $102,000. Rehmann Capital Advisory Group grew its stake in shares of Scholastic by 16,250.0% in the second quarter. Rehmann Capital Advisory Group now owns 3,924 shares of the company’s stock worth $174,000 after acquiring an additional 3,900 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Scholastic in the first quarter worth $210,000. Engineers Gate Manager LP acquired a new position in shares of Scholastic in the first quarter worth $214,000. Finally, Highland Capital Management LP acquired a new position in shares of Scholastic in the second quarter worth $222,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

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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