Scholastic (NASDAQ:SCHL) Reaches New 12-Month High – Here’s What Happened
by Scott Moore · The Cerbat GemScholastic Corporation (NASDAQ:SCHL – Get Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as $33.81 and last traded at $33.4750, with a volume of 14800 shares traded. The stock had previously closed at $33.44.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Scholastic in a report on Monday, December 29th. Zacks Research raised Scholastic from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $37.00.
View Our Latest Stock Analysis on Scholastic
Scholastic Stock Performance
The company has a 50 day simple moving average of $29.32 and a 200-day simple moving average of $26.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 1.24. The stock has a market cap of $869.28 million, a P/E ratio of -170.85 and a beta of 1.17.
Scholastic (NASDAQ:SCHL – Get Free Report) last announced its quarterly earnings data on Thursday, December 18th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.10. The company had revenue of $551.10 million for the quarter, compared to analysts’ expectations of $556.72 million. Scholastic had a positive return on equity of 2.66% and a negative net margin of 0.21%.During the same period last year, the firm posted $1.82 EPS. On average, equities analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.
Scholastic Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Scholastic’s dividend payout ratio (DPR) is -400.00%.
Hedge Funds Weigh In On Scholastic
Several institutional investors and hedge funds have recently made changes to their positions in SCHL. Signaturefd LLC lifted its stake 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 last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Scholastic by 458.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock worth $66,000 after buying an additional 2,593 shares during the period. GAMMA Investing LLC lifted its stake in shares of Scholastic by 63.1% in 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 during the last quarter. State of Wyoming purchased a new stake in Scholastic during the 3rd quarter valued at about $137,000. Finally, BNP Paribas Financial Markets grew its position in Scholastic by 127.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,197 shares of the company’s stock worth $142,000 after acquiring an additional 2,912 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.