Scholastic Corp. (NASDAQ:SCHL) Given $39.00 Consensus Target Price by Analysts
Scholastic Corp. (NASDAQ:SCHL) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Scholastic Corp.’s rating score has declined by 19.8% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price target of $39.00 for the company and are predicting that the company will post $1.92 EPS for the current quarter, according to Zacks. Zacks has also given Scholastic Corp. an industry rank of 32 out of 265 based on the ratings given to its competitors.
A number of research analysts have weighed in on SCHL shares. Zacks Investment Research downgraded Scholastic Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 26th. TheStreet upgraded Scholastic Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st.
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Scholastic Corp. (NASDAQ:SCHL) traded up 0.58% during mid-day trading on Monday, reaching $38.22. 12,828 shares of the company’s stock were exchanged. Scholastic Corp. has a one year low of $30.34 and a one year high of $44.24. The stock has a 50-day moving average of $39.42 and a 200-day moving average of $38.79. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 26.73 and a beta of 0.66.
Scholastic Corp. (NASDAQ:SCHL) last posted its earnings results on Thursday, September 22nd. The company reported ($1.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.17) by $0.02. The business earned $282.70 million during the quarter. Scholastic Corp. had a return on equity of 5.45% and a net margin of 2.85%. The firm’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.42) EPS. On average, equities research analysts anticipate that Scholastic Corp. will post $1.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. Scholastic Corp.’s dividend payout ratio (DPR) is presently 42.86%.
In related news, insider Alan J. Boyko sold 12,720 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $41.25, for a total value of $524,700.00. Following the completion of the sale, the insider now owns 33,820 shares in the company, valued at approximately $1,395,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Robinson sold 18,158 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $40.68, for a total value of $738,667.44. Following the completion of the sale, the chief executive officer now owns 4,390,978 shares of the company’s stock, valued at approximately $178,624,985.04. The disclosure for this sale can be found here. Insiders own 24.16% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP increased its stake in Scholastic Corp. by 1.8% in the second quarter. Royce & Associates LP now owns 2,124,500 shares of the company’s stock worth $84,151,000 after buying an additional 38,500 shares during the last quarter. Vanguard Group Inc. increased its stake in Scholastic Corp. by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,913,048 shares of the company’s stock worth $75,776,000 after buying an additional 61,415 shares during the last quarter. BlackRock Fund Advisors increased its stake in Scholastic Corp. by 3.8% in the second quarter. BlackRock Fund Advisors now owns 1,760,467 shares of the company’s stock worth $69,732,000 after buying an additional 64,701 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Scholastic Corp. by 53.6% in the second quarter. Bank of New York Mellon Corp now owns 779,194 shares of the company’s stock worth $30,863,000 after buying an additional 272,035 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Scholastic Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 669,603 shares of the company’s stock worth $25,023,000 after buying an additional 10,785 shares during the last quarter. Institutional investors own 82.10% of the company’s stock.
About Scholastic Corp.
Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution, Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel.
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