Scholastic (NASDAQ:SCHL) Lowered to Neutral Rating by B. Riley Financial

Scholastic (NASDAQ:SCHL) was downgraded by investment analysts at B. Riley Financial from a “buy” rating to a “neutral” rating in a research report issued on Monday,Finviz reports.

Other research analysts have also issued research reports about the company. Zacks Research lowered Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Weiss Ratings upgraded Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.00.

Scholastic Trading Up 1.7%

Shares of SCHL stock opened at $36.05 on Monday. The company has a market capitalization of $917.11 million, a price-to-earnings ratio of -180.25 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.24 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $33.60 and a 200 day moving average price of $29.88. Scholastic has a twelve month low of $15.77 and a twelve month high of $36.24.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 18th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.10. The business had revenue of $551.10 million during the quarter, compared to analyst estimates of $556.72 million. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. During the same quarter in the previous year, the business posted $1.82 earnings per share. Research analysts forecast that Scholastic will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in Scholastic by 458.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock valued at $66,000 after acquiring an additional 2,593 shares during the last quarter. GAMMA Investing LLC increased its stake in Scholastic by 63.1% during the third quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock worth $70,000 after acquiring an additional 983 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Scholastic in the 4th quarter worth about $116,000. State of Wyoming purchased a new position in shares of Scholastic in the 3rd quarter worth about $137,000. Finally, BNP Paribas Financial Markets lifted 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 purchasing an additional 2,912 shares in the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

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.