B. Riley Initiates Coverage on Scholastic (NASDAQ:SCHL)

Investment analysts at B. Riley began coverage on shares of Scholastic (NASDAQ:SCHL) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $37.00 price target on the stock. B. Riley’s price target points to a potential upside of 49.31% from the company’s current price.

Separately, Wall Street Zen raised shares of Scholastic from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $37.00.

Scholastic Price Performance

Shares of SCHL opened at $24.78 on Wednesday. The firm has a market capitalization of $620.74 million, a price-to-earnings ratio of -619.50 and a beta of 1.24. The firm’s fifty day simple moving average is $23.86 and its 200-day simple moving average is $20.49. Scholastic has a twelve month low of $15.77 and a twelve month high of $34.18. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $508.30 million during the quarter, compared to the consensus estimate of $494.59 million. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%. Scholastic has set its FY 2026 guidance at EPS. Equities analysts forecast that Scholastic will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Scholastic

A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Scholastic by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company’s stock valued at $282,000 after purchasing an additional 530 shares in the last quarter. US Bancorp DE grew its holdings in Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company’s stock valued at $210,000 after purchasing an additional 654 shares during the last quarter. Signaturefd LLC increased its position in shares of Scholastic by 819.5% in the second quarter. Signaturefd LLC now owns 1,223 shares of the company’s stock valued at $26,000 after buying an additional 1,090 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Scholastic by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $34,000 after buying an additional 1,147 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Scholastic by 1.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 80,195 shares of the company’s stock worth $1,682,000 after buying an additional 1,509 shares in the last quarter. 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.