Scholastic (NASDAQ:SCHL) Stock Rating Lowered by Wall Street Zen

Scholastic (NASDAQ:SCHL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, B. Riley started coverage on shares of Scholastic in a research report on Wednesday. They issued a “buy” rating and a $37.00 price target for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $37.00.

Scholastic Stock Performance

Shares of SCHL stock opened at $26.06 on Friday. The company has a market cap of $652.80 million, a price-to-earnings ratio of -651.50 and a beta of 1.24. Scholastic has a 52 week low of $15.77 and a 52 week high of $34.18. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $23.95 and a 200-day moving average of $20.53.

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

Institutional Investors Weigh In On Scholastic

Hedge funds have recently made changes to their positions in the business. Caxton Associates LLP increased its holdings in Scholastic by 63.7% in the 2nd quarter. Caxton Associates LLP now owns 30,624 shares of the company’s stock worth $642,000 after acquiring an additional 11,911 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in 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 acquiring an additional 1,509 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Scholastic by 458.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock worth $66,000 after acquiring an additional 2,593 shares during the last quarter. Vident Advisory LLC purchased a new position in Scholastic during the 2nd quarter valued at about $515,000. Finally, Brevan Howard Capital Management LP grew its holdings in Scholastic by 64.1% during the 2nd quarter. Brevan Howard Capital Management LP now owns 25,234 shares of the company’s stock valued at $529,000 after buying an additional 9,857 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors.

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.