Scholastic (NASDAQ:SCHL) Coverage Initiated at B. Riley

Key Points

• B. Riley has initiated coverage on Scholastic (NASDAQ:SCHL) with a "buy" rating and a price target of $37.00, suggesting a potential upside of 38.32% from its previous close.
• Wall Street Zen also upgraded Scholastic's stock from a "hold" rating to a "buy" rating, indicating growing confidence among analysts.
• In its recent quarterly report, Scholastic beat earnings expectations with $0.87 EPS and revenue of $508.30 million, surpassing analyst estimates of $494.59 million.

Stock analysts at B. Riley initiated coverage on shares of Scholastic (NASDAQ:SCHL - Get Free Report) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $37.00 price target on the stock. B. Riley's price objective would indicate a potential upside of 38.32% from the company's previous close.

Separately, Wall Street Zen upgraded shares of Scholastic from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Scholastic has an average rating of "Buy" and an average price target of $37.00.

Scholastic Trading Up 5.8%

NASDAQ:SCHL opened at $26.75 on Wednesday. Scholastic has a 12 month low of $15.77 and a 12 month high of $34.18. The firm has a market cap of $670.09 million, a price-to-earnings ratio of -668.13 and a beta of 1.24. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The company's 50 day moving average is $23.71 and its 200-day moving average is $20.43.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. The company had revenue of $508.30 million for the quarter, compared to analyst estimates of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. Equities analysts anticipate that Scholastic will post 0.84 EPS for the current year.

Institutional Trading of Scholastic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC bought a new stake in shares of Scholastic in the 1st quarter valued at about $505,000. GAMMA Investing LLC raised its holdings in Scholastic by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after buying an additional 1,147 shares during the period. Victory Capital Management Inc. acquired a new stake in Scholastic during the 1st quarter worth approximately $414,000. Allianz Asset Management GmbH raised its holdings in Scholastic by 21.6% during the 1st quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company's stock worth $4,802,000 after buying an additional 45,253 shares during the period. Finally, Nuveen LLC acquired a new stake in Scholastic during the 1st quarter worth approximately $1,980,000. 82.57% of the stock is owned by 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 Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.

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