Scholastic (NASDAQ:SCHL) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also recently commented on SCHL. Stifel Nicolaus reissued a “hold” rating and issued a $44.00 target price on shares of Scholastic in a research note on Wednesday, August 16th. Zacks Investment Research cut Scholastic from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, BidaskClub raised Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th.

Shares of Scholastic (SCHL) opened at $40.34 on Thursday. Scholastic has a 12 month low of $33.51 and a 12 month high of $49.38. The company has a market capitalization of $1,412.81, a price-to-earnings ratio of 33.63 and a beta of 0.78.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, December 14th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. Scholastic had a return on equity of 3.43% and a net margin of 1.07%. The firm had revenue of $598.30 million for the quarter, compared to analysts’ expectations of $601.40 million. During the same period in the prior year, the firm posted $1.92 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. analysts anticipate that Scholastic will post 1.25 EPS for the current fiscal year.

In related news, insider Alan J. Boyko sold 7,327 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $42.00, for a total transaction of $307,734.00. Following the sale, the insider now directly owns 43,557 shares of the company’s stock, valued at $1,829,394. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan J. Boyko sold 2,673 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $42.05, for a total value of $112,399.65. Following the sale, the insider now directly owns 39,548 shares in the company, valued at $1,662,993.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,100 shares of company stock worth $954,483. Insiders own 22.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Scholastic by 1.1% during the second quarter. BlackRock Inc. now owns 3,380,237 shares of the company’s stock valued at $147,344,000 after buying an additional 35,595 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Scholastic by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,806,160 shares of the company’s stock valued at $104,389,000 after buying an additional 19,627 shares during the last quarter. Royce & Associates LP boosted its position in shares of Scholastic by 3.0% during the third quarter. Royce & Associates LP now owns 2,218,324 shares of the company’s stock valued at $82,522,000 after buying an additional 64,324 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Scholastic by 0.9% during the second quarter. Vanguard Group Inc. now owns 2,148,931 shares of the company’s stock valued at $93,672,000 after buying an additional 19,222 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Scholastic by 5.6% during the second quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock valued at $87,506,000 after buying an additional 107,349 shares during the last quarter. 79.51% of the stock is currently owned by institutional investors.

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About Scholastic

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

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