Scholastic Corporation (NASDAQ:SCHL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.22 and traded as high as $27.45. Scholastic shares last traded at $27.41, with a volume of 280,660 shares.
Analyst Ratings Changes
Several research analysts recently issued reports on SCHL shares. B. Riley started coverage on shares of Scholastic in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price target for the company. Wall Street Zen lowered shares of Scholastic from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $37.00.
Read Our Latest Stock Analysis on SCHL
Scholastic Trading Up 2.2%
The company has a market cap of $689.09 million, a price-to-earnings ratio of -41.53 and a beta of 1.24. The company's fifty day moving average price is $25.69 and its two-hundred day moving average price is $21.22. 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 quarterly earnings data 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 for 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 period in the previous year, the business posted ($2.13) EPS. Scholastic has set its FY 2026 guidance at EPS. Research analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current year.
Scholastic Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. Scholastic's dividend payout ratio (DPR) is presently -121.21%.
Institutional Trading of Scholastic
Hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Scholastic by 819.5% during the second quarter. Signaturefd LLC now owns 1,223 shares of the company's stock valued at $26,000 after purchasing an additional 1,090 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after purchasing an additional 1,147 shares during the last quarter. Tower Research Capital LLC TRC grew its stake 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 valued at $66,000 after purchasing an additional 2,593 shares during the last quarter. CWM LLC grew its stake in shares of Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after purchasing an additional 3,505 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Scholastic by 6.2% during the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock valued at $210,000 after purchasing an additional 654 shares during the last quarter. 82.57% of the stock is owned by institutional investors.
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 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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