Scholastic (NASDAQ:SCHL – Get Free Report) had its price objective increased by equities research analysts at B. Riley Financial from $37.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. B. Riley Financial’s price objective suggests a potential upside of 7.38% from the company’s current price.
Several other equities analysts have also recently weighed in on SCHL. Zacks Research cut Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings raised shares of Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Scholastic has an average rating of “Hold” and a consensus target price of $40.00.
Check Out Our Latest Stock Analysis on SCHL
Scholastic Price Performance
Scholastic (NASDAQ:SCHL – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.22. The business had revenue of $329.10 million for the quarter, compared to the consensus estimate of $331.53 million. Scholastic had a return on equity of 2.44% and a net margin of 3.88%. Equities analysts forecast that Scholastic will post 0.84 EPS for the current fiscal year.
Scholastic announced that its board has initiated a share repurchase plan on Friday, March 20th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 23% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in Scholastic by 63.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock worth $70,000 after purchasing an additional 983 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Scholastic by 458.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock valued at $66,000 after buying an additional 2,593 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Scholastic during the 4th quarter valued at about $116,000. State of Wyoming bought a new stake in shares of Scholastic in the 3rd quarter valued at approximately $137,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Scholastic by 127.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,197 shares of the company’s stock valued at $142,000 after buying an additional 2,912 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Scholastic
Here are the key news stories impacting Scholastic this week:
- Positive Sentiment: Q3 EPS outperformed consensus (loss of $0.15 vs. est. $0.37 loss), which relieved near‑term earnings concerns and helped lift the stock. Article Title
- Positive Sentiment: The Board authorized a $200 million modified Dutch‑auction tender offer (expected price $36–$40) — immediate buyback demand and signaling of undervaluation support the rally. Article Title
- Positive Sentiment: The repurchase action is part of a larger capital‑return and balance‑sheet plan (Board set a $300M total repurchase authorization and a long‑term net leverage target of 2.0–2.5x adjusted EBITDA), which reduces capital allocation uncertainty. Article Title
- Positive Sentiment: Analyst action: B. Riley raised its price target to $40 (maintaining a “neutral” rating), implying upside and lending incremental analyst support. Article Title
- Positive Sentiment: The company declared a quarterly dividend of $0.20 per share, reinforcing shareholder returns alongside buybacks. Article Title
- Neutral Sentiment: Coverage and commentary pieces (Seeking Alpha, transcripts) frame the results as evidence of strategic progress and management’s focus on margin expansion — useful context but secondary to the concrete buyback and EPS beat. Article Title
- Negative Sentiment: Revenue narrowly missed estimates ($329.1M vs. $331.5M expected) and the company still reports a small net loss and negative margin, highlighting operational challenges in core book sales that could limit upside without durable revenue improvement. Article Title
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.
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