Research Analysts’ Weekly Ratings Changes for Scholastic (SCHL)

A number of firms have modified their ratings and price targets on shares of Scholastic (NASDAQ: SCHL) recently:

  • 4/5/2018 – Scholastic was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Scholastic Corporation is the world’s largest publisher and distributor of children’s books and a leader in educational technology and children’s media. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children’s books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs and school-based book fairs, retail stores, schools, libraries & television networks. The company distributes its products and services directly to schools and libraries through retail stores and the Internet. “
  • 4/3/2018 – Scholastic was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/27/2018 – Scholastic was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Scholastic Corporation is the world’s largest publisher and distributor of children’s books and a leader in educational technology and children’s media. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children’s books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs and school-based book fairs, retail stores, schools, libraries & television networks. The company distributes its products and services directly to schools and libraries through retail stores and the Internet. “
  • 3/23/2018 – Scholastic had its “buy” rating reaffirmed by analysts at Gabelli.
  • 2/21/2018 – Scholastic was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/11/2018 – Scholastic was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of SCHL stock opened at $38.09 on Monday. The stock has a market capitalization of $1,323.02, a PE ratio of 20.81 and a beta of 0.76. Scholastic Corp has a 52-week low of $33.51 and a 52-week high of $46.59.

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Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Wednesday, March 21st. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.05. The business had revenue of $344.70 million during the quarter, compared to analysts’ expectations of $350.10 million. Scholastic had a positive return on equity of 3.58% and a negative net margin of 1.00%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.36) EPS. sell-side analysts expect that Scholastic Corp will post 1.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Monday, April 30th will be issued a $0.15 dividend. The ex-dividend date is Friday, April 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. Scholastic’s dividend payout ratio (DPR) is presently 32.79%.

In other news, CEO Richard Robinson sold 1,200 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $39.23, for a total value of $47,076.00. Following the completion of the transaction, the chief executive officer now owns 4,356,228 shares of the company’s stock, valued at approximately $170,894,824.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrews S. Hedden sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $39.08, for a total value of $78,160.00. Following the completion of the transaction, the executive vice president now directly owns 32,618 shares of the company’s stock, valued at approximately $1,274,711.44. The disclosure for this sale can be found here. In the last three months, insiders sold 56,214 shares of company stock valued at $2,167,239. Insiders own 22.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Swiss National Bank increased its stake in shares of Scholastic by 4.3% in the 4th quarter. Swiss National Bank now owns 51,300 shares of the company’s stock valued at $2,058,000 after purchasing an additional 2,100 shares in the last quarter. Sei Investments Co. increased its stake in shares of Scholastic by 32.0% in the 3rd quarter. Sei Investments Co. now owns 8,661 shares of the company’s stock valued at $322,000 after purchasing an additional 2,102 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Scholastic by 25.9% in the 4th quarter. Suntrust Banks Inc. now owns 33,982 shares of the company’s stock valued at $1,362,000 after purchasing an additional 6,986 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Scholastic by 11.9% in the 4th quarter. Rhumbline Advisers now owns 66,388 shares of the company’s stock valued at $2,663,000 after purchasing an additional 7,082 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Scholastic by 22.2% in the 4th quarter. Wells Fargo & Company MN now owns 40,555 shares of the company’s stock valued at $1,627,000 after purchasing an additional 7,376 shares in the last quarter. Hedge funds and other institutional investors own 83.86% of the company’s stock.

Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.

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