Scholastic (NASDAQ:SCHL) Rating Increased to Buy at Wall Street Zen

Key Points

• Scholastic has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating increased optimism about the company's stock performance.
• Following the upgrade, Scholastic's stock price rose by 3.2% to open at $25.41, reflecting positive market sentiment.
• In its recent earnings report, Scholastic posted $0.87 earnings per share, exceeding expectations, with projected earnings of 0.84 per share for the current fiscal year.

Scholastic (NASDAQ:SCHL - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

Scholastic Stock Up 3.2%

Shares of SCHL stock opened at $25.41 on Friday. Scholastic has a 1-year low of $15.77 and a 1-year high of $34.18. The stock's fifty day moving average price is $22.88 and its 200 day moving average price is $20.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.76. The company has a market cap of $636.52 million, a price-to-earnings ratio of -635.25 and a beta of 1.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%.The firm had revenue of $508.30 million for the quarter, compared to the consensus estimate of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. On average, research analysts expect that Scholastic will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Scholastic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Scholastic by 819.5% during the 2nd quarter. Signaturefd LLC now owns 1,223 shares of the company's stock worth $26,000 after acquiring an additional 1,090 shares during the period. Lazard Asset Management LLC acquired a new stake in Scholastic during the 4th quarter worth about $33,000. GAMMA Investing LLC lifted its position 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 acquiring an additional 1,147 shares during the period. Tower Research Capital LLC TRC lifted its position in Scholastic by 458.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company's stock worth $66,000 after acquiring an additional 2,593 shares during the period. Finally, CWM LLC lifted its position in Scholastic by 508.7% during the 1st quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after acquiring an additional 3,505 shares during the period. Institutional investors and hedge funds own 82.57% 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 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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