Scholastic (NASDAQ:SCHL) Upgraded by Zacks Research to “Strong-Buy” Rating

Scholastic (NASDAQ:SCHL) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings upgraded Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Scholastic presently has a consensus rating of “Buy” and a consensus target price of $37.00.

Scholastic Stock Performance

Shares of SCHL stock opened at $34.06 on Wednesday. Scholastic has a 12 month low of $15.77 and a 12 month high of $35.79. The company’s fifty day simple moving average is $31.40 and its 200-day simple moving average is $28.46. The firm has a market cap of $866.49 million, a PE ratio of -170.30 and a beta of 1.19. The company has a quick ratio of 1.24, a current ratio of 1.67 and a debt-to-equity ratio of 0.30.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, December 18th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.10. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. The firm had revenue of $551.10 million for the quarter, compared to analyst estimates of $556.72 million. During the same period in the previous year, the business earned $1.82 EPS. Equities research analysts expect that Scholastic will post 0.84 EPS for the current fiscal year.

Institutional Trading of Scholastic

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased 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 last quarter. GAMMA Investing LLC boosted its position in Scholastic by 63.1% during the third quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock worth $70,000 after purchasing an additional 983 shares during the period. Marquette Asset Management LLC bought a new position in shares of Scholastic in the fourth quarter valued at about $116,000. State of Wyoming bought a new position in shares of Scholastic in the third quarter valued at about $137,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of 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 buying an additional 2,912 shares during the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.

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.