Scholastic (NASDAQ:SCHL) Reaches New 12-Month High – Here’s What Happened

Scholastic Corporation (NASDAQ:SCHL)’s share price hit a new 52-week high on Tuesday . The company traded as high as $29.67 and last traded at $29.57, with a volume of 45891 shares. The stock had previously closed at $28.81.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research raised shares of Scholastic from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. B. Riley began coverage on shares of Scholastic in a research report on Wednesday, September 3rd. They set a “buy” rating and a $37.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Scholastic in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Scholastic from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Scholastic has a consensus rating of “Hold” and a consensus target price of $37.00.

Scholastic Trading Up 3.7%

The company has a current ratio of 1.16, a quick ratio of 0.65 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $750.90 million, a P/E ratio of -45.26 and a beta of 1.24. The business’s fifty day simple moving average is $28.05 and its two-hundred day simple moving average is $24.17.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 18th. The company reported ($2.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.44) by ($0.08). Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.The company had revenue of $225.60 million for the quarter, compared to the consensus estimate of $240.41 million. During the same quarter in the previous year, the firm posted ($2.13) EPS. Scholastic has set its FY 2026 guidance at EPS. As a group, analysts forecast that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The company also recently declared 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 of this dividend is Friday, October 31st. This represents a $0.80 annualized dividend and a yield of 2.7%. Scholastic’s dividend payout ratio is -121.21%.

Institutional Trading of Scholastic

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its position 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. Tower Research Capital LLC TRC lifted its holdings in shares of 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. GAMMA Investing LLC boosted its position in shares of Scholastic by 63.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock valued at $70,000 after acquiring an additional 983 shares in the last quarter. CWM LLC boosted 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 acquiring an additional 3,505 shares in the last quarter. Finally, State of Wyoming bought a new stake in Scholastic in the third quarter valued at about $137,000. 82.57% of the stock is currently owned by institutional investors.

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.