Scholastic (NASDAQ:SCHL) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other research firms have also recently commented on SCHL. Stifel Nicolaus raised their target price on Scholastic from $43.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, September 28th. Zacks Investment Research cut Scholastic from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. TheStreet cut Scholastic from a “b-” rating to a “c” rating in a research report on Monday, September 17th. UBS Group reiterated a “sell” rating on shares of Scholastic in a report on Tuesday, August 21st. Finally, ValuEngine upgraded Scholastic from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Scholastic currently has an average rating of “Hold” and a consensus price target of $49.00.

NASDAQ:SCHL opened at $43.63 on Friday. Scholastic has a 52 week low of $33.85 and a 52 week high of $47.94. The stock has a market cap of $1.54 billion, a PE ratio of 30.51 and a beta of 0.74.

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, September 27th. The company reported ($1.74) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.93) by $0.19. Scholastic had a positive return on equity of 3.82% and a negative net margin of 0.16%. The firm had revenue of $218.40 million for the quarter, compared to analysts’ expectations of $198.70 million. During the same period last year, the firm earned $1.31 EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts predict that Scholastic will post 1.5 earnings per share for the current fiscal year.

In related news, insider Alan J. Boyko sold 12,953 shares of Scholastic stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $45.07, for a total value of $583,791.71. Following the sale, the insider now directly owns 55,545 shares in the company, valued at approximately $2,503,413.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Davies sold 6,634 shares of Scholastic stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $46.13, for a total value of $306,026.42. Following the completion of the sale, the director now owns 1,253 shares in the company, valued at $57,800.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,294 shares of company stock worth $1,095,821. 22.30% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in Scholastic in the 3rd quarter worth about $594,000. Vanguard Group Inc. boosted its holdings in Scholastic by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,495,369 shares of the company’s stock worth $116,509,000 after buying an additional 74,211 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Scholastic by 13.8% during the 3rd quarter. Legal & General Group Plc now owns 67,574 shares of the company’s stock worth $3,158,000 after purchasing an additional 8,189 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Scholastic by 2.5% during the 3rd quarter. Teachers Advisors LLC now owns 57,631 shares of the company’s stock worth $2,691,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Scholastic by 1.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 608,402 shares of the company’s stock worth $28,406,000 after purchasing an additional 8,628 shares during the last quarter. Institutional investors own 80.71% 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, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

Featured Story: What does relative strength index mean?

Receive News & Ratings for Scholastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic and related companies with MarketBeat.com's FREE daily email newsletter.