Scholastic Corporation (NASDAQ:SCHL)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued on Wednesday. They currently have a $44.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 11.96% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Scholastic Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. BidaskClub upgraded Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

Scholastic Corporation (NASDAQ:SCHL) traded down 0.23% during midday trading on Wednesday, reaching $39.30. The company had a trading volume of 122,435 shares. Scholastic Corporation has a 52-week low of $35.20 and a 52-week high of $49.38. The company has a market cap of $1.38 billion, a PE ratio of 26.66 and a beta of 0.74. The company’s 50-day moving average is $41.99 and its 200 day moving average is $43.50.

Scholastic Corporation (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.22. The company had revenue of $499.60 million during the quarter, compared to analysts’ expectations of $508 million. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. On average, equities research analysts forecast that Scholastic Corporation will post $1.21 EPS for the current year.

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In other Scholastic Corporation news, CEO Richard Robinson sold 67,993 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $43.08, for a total transaction of $2,929,138.44. Following the completion of the sale, the chief executive officer now directly owns 4,350,943 shares of the company’s stock, valued at approximately $187,438,624.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judith Newman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $45.04, for a total value of $225,200.00. Following the sale, the executive vice president now directly owns 18,894 shares of the company’s stock, valued at $850,985.76. The disclosure for this sale can be found here. Insiders sold a total of 73,094 shares of company stock valued at $3,159,010 over the last ninety days. 22.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in SCHL. Sei Investments Co. raised its position in Scholastic Corporation by 69.6% in the first quarter. Sei Investments Co. now owns 2,454 shares of the company’s stock valued at $105,000 after buying an additional 1,007 shares in the last quarter. Quantbot Technologies LP purchased a new position in Scholastic Corporation during the first quarter valued at approximately $110,000. Federated Investors Inc. PA purchased a new position in Scholastic Corporation during the second quarter valued at approximately $111,000. State of Alaska Department of Revenue increased its position in Scholastic Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 2,970 shares of the company’s stock valued at $126,000 after buying an additional 70 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Scholastic Corporation by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after buying an additional 193 shares during the last quarter. 79.29% of the stock is owned by institutional investors.

About Scholastic Corporation

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

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