Stock Worth Watching: What’s in Scholastic Corp After Making 52-Week High?

Stock Worth Watching: What's in Scholastic Corp After Making 52 Week High?

The stock of Scholastic Corp (NASDAQ:SCHL) hit a new 52-week high and has $48.98 target or 8.00% above today’s $45.35 share price. The 7 months bullish chart indicates low risk for the $1.58 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $48.98 price target is reached, the company will be worth $126.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 94,460 shares traded hands. Scholastic Corp (NASDAQ:SCHL) has risen 22.46% since April 21, 2016 and is uptrending. It has outperformed by 17.13% the S&P500.

Analysts await Scholastic Corp (NASDAQ:SCHL) to report earnings on December, 15. They expect $1.92 earnings per share, up 1.59% or $0.03 from last year’s $1.89 per share. SCHL’s profit will be $66.89M for 5.90 P/E if the $1.92 EPS becomes a reality. After $-1.15 actual earnings per share reported by Scholastic Corp for the previous quarter, Wall Street now forecasts -266.96% EPS growth.

According to Zacks Investment Research, “Scholastic Corp. creates and distributes innovative and quality educational materials for use in school – children’s books, textbooks, magazines, technology and teacher materials and engaging and appropriate products for use at home – magazines, software, television programming, videos and toys. Scholastic is unique in its understanding of what kids want and need to read and learn. The company is a world leader in children’s school book clubs and school book fairs, through which children purchase books and software. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.20, from 1.01 in 2016Q1. The ratio is positive, as 15 funds sold all Scholastic Corp shares owned while 54 reduced positions. 15 funds bought stakes while 55 increased positions. They now own 27.72 million shares or 2.03% more from 27.16 million shares in 2016Q1.
Teachers Retirement System Of The State Of Kentucky owns 8,100 shares or 0% of their US portfolio. Franklin Resource Inc last reported 0% of its portfolio in the stock. Rhumbline Advisers accumulated 41,610 shares or 0% of the stock. The Minnesota-based Thrivent For Lutherans has invested 0% in Scholastic Corp (NASDAQ:SCHL). State Common Retirement Fund last reported 53,060 shares in the company. Moreover, Finemark Bank & has 0% invested in Scholastic Corp (NASDAQ:SCHL) for 120 shares. Bridgeway Cap Management Incorporated, a Texas-based fund reported 148,750 shares. The California-based Blackrock Fund has invested 0.02% in Scholastic Corp (NASDAQ:SCHL). Td Asset Management last reported 10,792 shares in the company. Bessemer Gp, a New Jersey-based fund reported 3,915 shares. Principal Group Inc holds 0.01% of its portfolio in Scholastic Corp (NASDAQ:SCHL) for 187,451 shares. Ubs Asset Management Americas Incorporated holds 0% of its portfolio in Scholastic Corp (NASDAQ:SCHL) for 16,848 shares. State Street last reported 555,155 shares in the company. Endicott Mngmt has invested 0.16% of its portfolio in Scholastic Corp (NASDAQ:SCHL). Us Retail Bank De last reported 0% of its portfolio in the stock.

Insider Transactions: Since July 5, 2016, the stock had 0 insider buys, and 7 selling transactions for $4.28 million net activity. 7,600 shares were sold by NEWMAN JUDITH, worth $313,903 on Tuesday, August 2. $401,640 worth of Scholastic Corp (NASDAQ:SCHL) shares were sold by Boyko Alan J. 56,526 shares with value of $2.26M were sold by OCONNELL MAUREEN on Thursday, July 7. ROBINSON RICHARD sold 18,158 shares worth $738,617.

More notable recent Scholastic Corp (NASDAQ:SCHL) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 22, 2009, also Quotes.Wsj.com with their article: “Scholastic Corp. SCHL (US: Nasdaq)” published on February 11, 2011, Businessinsurance.com published: “Scholastic Corp. terminates cash balance plan” on July 29, 2016. More interesting news about Scholastic Corp (NASDAQ:SCHL) were released by: Fool.com and their article: “Better Stock in Book Publishing: Scholastic Corp. or Houghton Mifflin Harcourt Co?” published on December 20, 2015 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Scholastic Corp., 40.0% Follow-Through Indicator, 2 …” with publication date: September 10, 2015.

SCHL Company Profile

Scholastic Corporation (Scholastic), incorporated on October 22, 1986, is a publisher and distributor of children’s books, a well-known 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 Firm operates through three divisions: Children’s Book Publishing and Distribution, Education and International. The Company’s Children’s Book Publishing and Distribution segment operates as an integrated business, which includes the publication and distribution of children’s books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. The Company’s Education segment includes the publication and distribution to schools and libraries of children’s books, classroom magazines, supplemental classroom materials, and print and online reference and non-fiction products for grades pre-K to 12 in the United States. The Company’s International segment includes the publication and distribution of services and products outside the United States by its international operations, and its export and foreign rights businesses.

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