Scholastic (NASDAQ:SCHL) Reaches New 12-Month High – Here’s What Happened

Scholastic Corporation (NASDAQ:SCHL) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.67 and last traded at $29.57, with a volume of 45891 shares traded. The stock had previously closed at $28.81.

Analyst Ratings Changes

Several equities analysts recently commented on SCHL shares. Wall Street Zen downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. B. Riley began coverage on Scholastic in a research note on Wednesday, September 3rd. They set a “buy” rating and a $37.00 price objective for the company. Zacks Research upgraded shares of Scholastic from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Scholastic in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Scholastic presently has an average rating of “Hold” and an average target price of $37.00.

Scholastic Trading Up 3.7%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.65 and a current ratio of 1.16. The stock has a market cap of $750.90 million, a P/E ratio of -45.26 and a beta of 1.24. The company has a 50-day simple moving average of $28.05 and a 200-day simple moving average of $24.17.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.08). Scholastic had a negative net margin of 0.65% and a positive return on equity of 1.10%. The business had revenue of $225.60 million during the quarter, compared to analyst estimates of $240.41 million. During the same quarter last year, the business posted ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, October 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. Scholastic’s payout ratio is currently -121.21%.

Institutional Trading of Scholastic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC acquired a new position in Scholastic during the 3rd quarter worth $7,288,000. Alliancebernstein L.P. raised its position in shares of Scholastic by 879.3% during the third quarter. Alliancebernstein L.P. now owns 1,159,261 shares of the company’s stock worth $31,741,000 after acquiring an additional 1,040,880 shares during the last quarter. Creative Planning lifted its stake in shares of Scholastic by 33.6% during the third quarter. Creative Planning now owns 31,954 shares of the company’s stock valued at $875,000 after acquiring an additional 8,037 shares during the period. Shay Capital LLC bought a new position in Scholastic in the third quarter valued at about $620,000. Finally, Brooklyn Investment Group increased its position in Scholastic by 531.3% in the third quarter. Brooklyn Investment Group now owns 25,826 shares of the company’s stock worth $707,000 after purchasing an additional 21,735 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.