Scholastic (NASDAQ:SCHL) Reaches New 52-Week High - Here's What Happened

Key Points

• Scholastic shares reached a new 52-week high at $28.75 during trading, with a last recorded price of $28.60 and a trading volume of 29,200 shares.
• The company recently reported a quarterly loss of ($2.52) earnings per share, which missed the analyst consensus estimate of ($2.44).
• Institutional investors hold 82.57% of Scholastic's stock, with several hedge funds significantly increasing their positions in recent quarters.

Scholastic Corporation (NASDAQ:SCHL - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $28.75 and last traded at $28.60, with a volume of 29200 shares changing hands. The stock had previously closed at $28.34.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SCHL. B. Riley began coverage on shares of Scholastic in a research note on Wednesday, September 3rd. They set a "buy" rating and a $37.00 price target on the stock. Wall Street Zen cut shares of Scholastic from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Scholastic presently has an average rating of "Buy" and a consensus target price of $37.00.

Scholastic Price Performance

The company's fifty day moving average is $25.81 and its two-hundred day moving average is $21.27. The firm has a market capitalization of $720.89 million, a price-to-earnings ratio of -43.44 and a beta of 1.24. The company has a quick ratio of 0.65, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share for the quarter, missing the consensus estimate of ($2.44) by ($0.08). The firm had revenue of $225.60 million during the quarter, compared to analyst estimates of $240.41 million. Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.During the same quarter last year, the business posted ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, October 31st will be issued a $0.20 dividend. The ex-dividend date is Friday, October 31st. This represents a $0.80 annualized dividend and a yield of 2.8%. Scholastic's dividend payout ratio (DPR) is -121.21%.

Institutional Investors Weigh In On Scholastic

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Scholastic by 819.5% in the second quarter. Signaturefd LLC now owns 1,223 shares of the company's stock worth $26,000 after purchasing an additional 1,090 shares during the period. GAMMA Investing LLC increased its position in shares of Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after acquiring an additional 1,147 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Scholastic by 458.1% during the second 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 in the last quarter. CWM LLC increased its position in shares of Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after acquiring an additional 3,505 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Scholastic by 6.2% during the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock worth $210,000 after acquiring an additional 654 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

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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