Weiss Ratings Reaffirms "Sell (D)" Rating for Scholastic (NASDAQ:SCHL)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Scholastic (NASDAQ:SCHL), indicating a lack of confidence in the stock's performance.
• Recently, Wall Street Zen downgraded Scholastic from a "buy" to a "hold" rating, while B. Riley initiated coverage with a "buy" rating and a price target of $37.00.
• Scholastic's latest quarterly earnings report indicated a loss of ($2.52) EPS, missing estimates, with revenues of $225.60 million compared to expected $240.41 million.

Scholastic (NASDAQ:SCHL - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research firms also recently issued reports on SCHL. Wall Street Zen downgraded shares of Scholastic from a "buy" rating to a "hold" rating in a report on Friday, September 5th. B. Riley began coverage on shares of Scholastic in a report on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Scholastic has a consensus rating of "Hold" and an average target price of $37.00.

Scholastic Stock Performance

SCHL stock opened at $28.73 on Wednesday. The firm has a market cap of $722.27 million, a price-to-earnings ratio of -43.53 and a beta of 1.24. The firm has a 50-day simple moving average of $26.20 and a two-hundred day simple moving average of $21.59. Scholastic has a one year low of $15.77 and a one year high of $29.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.65 and a current ratio of 1.16.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The company reported ($2.52) EPS 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 analysts' expectations of $240.41 million. Scholastic had a negative net margin of 0.65% and a positive return on equity of 1.10%. During the same period in the previous year, the company posted ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. On average, equities analysts forecast that Scholastic will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Scholastic

Several hedge funds have recently bought and sold shares of SCHL. Signaturefd LLC boosted its position in Scholastic by 819.5% in the 2nd quarter. Signaturefd LLC now owns 1,223 shares of the company's stock worth $26,000 after purchasing an additional 1,090 shares in the last quarter. GAMMA Investing LLC boosted its position in Scholastic by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after purchasing an additional 1,147 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Scholastic by 458.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company's stock worth $66,000 after purchasing an additional 2,593 shares in the last quarter. CWM LLC lifted its position in shares of Scholastic by 508.7% during the 1st quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after buying an additional 3,505 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Scholastic by 6.2% during the 1st quarter. US Bancorp DE now owns 11,137 shares of the company's stock valued at $210,000 after buying an additional 654 shares in the last quarter. Hedge funds and other institutional investors 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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