Scholastic (NASDAQ:SCHL) Rating Increased to Buy at StockNews.com

Scholastic (NASDAQ:SCHLGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, TheStreet raised Scholastic from a “c+” rating to a “b” rating in a research note on Thursday, December 14th.

Read Our Latest Report on SCHL

Scholastic Price Performance

Shares of SCHL stock opened at $38.53 on Friday. The company has a market cap of $1.15 billion, a PE ratio of 26.57 and a beta of 1.06. Scholastic has a 1 year low of $30.50 and a 1 year high of $45.98. The stock’s 50 day simple moving average is $38.55 and its two-hundred day simple moving average is $38.44.

Scholastic (NASDAQ:SCHLGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.80). Scholastic had a return on equity of 5.44% and a net margin of 3.16%. The company had revenue of $323.70 million during the quarter, compared to the consensus estimate of $329.21 million. During the same period last year, the company earned ($0.57) earnings per share. Equities research analysts expect that Scholastic will post 2.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Scholastic by 10.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 216,404 shares of the company’s stock worth $8,158,000 after buying an additional 20,863 shares during the period. Barclays PLC raised its holdings in shares of Scholastic by 171.9% in the fourth quarter. Barclays PLC now owns 41,974 shares of the company’s stock valued at $1,583,000 after acquiring an additional 26,536 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Scholastic by 0.7% in the fourth quarter. Nuveen Asset Management LLC now owns 103,341 shares of the company’s stock worth $3,896,000 after acquiring an additional 760 shares during the period. Public Sector Pension Investment Board increased its position in Scholastic by 64.4% during the 4th quarter. Public Sector Pension Investment Board now owns 56,661 shares of the company’s stock valued at $2,136,000 after purchasing an additional 22,204 shares during the period. Finally, Bragg Financial Advisors Inc raised its holdings in shares of Scholastic by 0.7% in the 4th quarter. Bragg Financial Advisors Inc now owns 372,999 shares of the company’s stock valued at $14,062,000 after purchasing an additional 2,468 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

About Scholastic

(Get Free Report)

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.

Further Reading

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