Scholastic - SCHL Stock Forecast, Price & News

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 publishes and distributes children's books, e-books, media, and interactive products through its school book club and fair channels, as well as trade channels. Its original publications include the Harry Potter, Hunger Games, Bad Guys, Baby-Sitters Club graphic novels, Magic School Bus, Captain Underpants, Dog Man, Wings of Fire, Cat Kid Comic Club, Goosebumps, and Clifford The Big Red Dog; and licensed properties comprise the Peppa Pig and Pokemon. In addition, this segment publishes and creates books plus and novelty products for children, including titles, such as the Pastel Studio, Mini Clay World Candy Cart, LEGO Gear Bots, Never Touch series, and other titles under the Klutz and the Make Believe Ideas names; and non-fiction books under the Children's Press and Franklin Watts names. The Education Solutions segment publishes and distributes classroom magazines under the Scholastic News, Scholastic Scope, Storyworks, Let's Find Out, and Junior Scholastic names; supplemental and classroom materials and programs, and related support services; and print and on-line reference, and non-fiction products, as well as consulting services. The International segment offers original trade and educational publishing programs; distributes children's books, digital educational resources, and other materials through school-based book clubs, school-based book fairs, and trade channels; produces and distributes magazines; and provides online subscription services. The company distributes its products and services directly to schools and libraries through retail stores and the Internet. Scholastic Corporation was founded in 1920 and is headquartered in New York, New York.

Analyst Ratings Changes

Several research analysts have issued reports on SCHL shares. StockNews.com upgraded shares of Scholastic from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 25th. TheStreet upgraded shares of Scholastic from a "c" rating to a "b" rating in a research report on Thursday, July 21st.

Scholastic Price Performance

NASDAQ:SCHL traded up $0.27 on Friday, hitting $46.41. 155,056 shares of the stock were exchanged, compared to its average volume of 181,627. Scholastic has a 52-week low of $32.21 and a 52-week high of $48.13. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 20.81 and a beta of 0.89. The company's 50-day moving average price is $37.80 and its two-hundred day moving average price is $38.96.

Scholastic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.72%. This is a boost from Scholastic's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, August 30th. Scholastic's payout ratio is presently 26.91%.