Scholastic (NASDAQ:SCHL) Stock Rating Lowered by Zacks Research

Scholastic (NASDAQ:SCHL) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

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

Scholastic Stock Up 1.7%

SCHL stock opened at $36.05 on Thursday. The business’s 50-day moving average price is $33.60 and its 200-day moving average price is $29.82. The stock has a market cap of $917.11 million, a P/E ratio of -180.25 and a beta of 1.17. 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 has a twelve month low of $15.77 and a twelve month high of $36.24.

Scholastic (NASDAQ:SCHL) last issued its 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. The company had revenue of $551.10 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.82 EPS. On average, equities research analysts forecast that Scholastic will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Scholastic by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after buying an additional 630 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Scholastic by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 3,289 shares of the company’s stock worth $97,000 after buying an additional 749 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Scholastic by 4.1% in the fourth quarter. Deutsche Bank AG now owns 20,829 shares of the company’s stock valued at $617,000 after acquiring an additional 824 shares during the period. Strs Ohio raised its position in shares of Scholastic by 5.0% during the third quarter. Strs Ohio now owns 25,000 shares of the company’s stock valued at $684,000 after buying an additional 1,200 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Scholastic by 8.3% during the 4th quarter. SG Americas Securities LLC now owns 15,690 shares of the company’s stock worth $465,000 after purchasing an additional 1,201 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.

Scholastic Company Profile

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.