In yesterday’s Wall Street session, Scholastic Corp (NASDAQ:SCHL) shares traded at $19.89, down -4.24% from the previous session.
SCHL stock price is now -18.91% away from the 50-day moving average and -35.61% away from the 200-day moving average. The market capitalization of the company currently stands at $558.93M.
With the price target enhanced from $40 to $43, Stifel maintained Hold rating for Scholastic Corp (NASDAQ: SCHL). On December 13, 2017, Stifel reiterated its ‘Hold’ rating on the stock by increasing its target price from $38 to quote $41, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Lucchese Iole, EVP & CHIEF STRATEGY OFFICER bought 1,654 shares of the company’s stock on Jul 23 ’24. The stock was bought for $50,430 at an average price of $30.49. Upon completion of the transaction, the EVP & CHIEF STRATEGY OFFICER now directly owns 74,264 shares in the company, valued at $1.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 23 ’24, PRESIDENT & CEO Peter Warwick bought 1,674 shares of the business’s stock. A total of $50,997 was incurred on buying the stock at an average price of $30.46. This leaves the insider owning 104,349 shares of the company worth $2.08 million. A total of 19.87% of the company’s stock is owned by insiders.
During the past 12 months, Scholastic Corp has had a low of $19.14 and a high of $40.74. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.24, and a quick ratio of 0.81. The fifty day moving average price for SCHL is $24.5288 and a two-hundred day moving average price translates $30.888 for the stock.
The latest earnings results from Scholastic Corp (NASDAQ: SCHL) was released for 2024-08-31. The net profit margin was -0.27% and return on equity was -0.42% for SCHL. The company reported revenue of $237.2 million for the quarter, compared to $228.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.81 percent.
