Notable Runner: What Next for Scholastic Corp Stock After Achieving 52-Week High?

Notable Runner: What Next for Scholastic Corp Stock After Achieving 52 Week High?

The stock of Scholastic Corp (NASDAQ:SCHL) hit a new 52-week high and has $48.05 target or 5.00% above today’s $45.76 share price. The 5 months bullish chart indicates low risk for the $1.61B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $48.05 price target is reached, the company will be worth $80.50M 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 90,570 shares traded hands. Scholastic Corp (NASDAQ:SCHL) has risen 25.02% since April 25, 2016 and is uptrending. It has outperformed by 19.01% 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 $67.55M for 5.96 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.
State Board Of Administration Of Florida Retirement Systems reported 18,578 shares or 0% of all its holdings. Us National Bank De, a Minnesota-based fund reported 15,902 shares. Rhumbline Advisers has 0% invested in the company for 41,610 shares. Citadel Advsr accumulated 5,955 shares or 0% of the stock. Grantham Mayo Van Otterloo And Lc last reported 0% of its portfolio in the stock. Moreover, Pinebridge Invs Limited Partnership has 0.01% invested in Scholastic Corp (NASDAQ:SCHL) for 3,363 shares. Moreover, Css Llc Il has 0.17% invested in Scholastic Corp (NASDAQ:SCHL) for 62,775 shares. Wall Street Access Asset Mgmt Limited Liability Com owns 79,700 shares or 1.91% of their US portfolio. Moreover, Fairpointe Ltd Liability Co has 1.52% invested in Scholastic Corp (NASDAQ:SCHL) for 1.70 million shares. Financial Bank Of America De holds 0% or 151,196 shares in its portfolio. The New York-based Citigroup has invested 0% in Scholastic Corp (NASDAQ:SCHL). Suntrust Banks Inc holds 0.01% or 44,026 shares in its portfolio. Strs Ohio has invested 0.06% of its portfolio in Scholastic Corp (NASDAQ:SCHL). Sentry, a Ontario – Canada-based fund reported 49,500 shares. The Minnesota-based Ameriprise Financial has invested 0% in Scholastic Corp (NASDAQ:SCHL).

Insider Transactions: Since July 5, 2016, the stock had 0 buys, and 7 insider sales for $4.28 million net activity. NEWMAN JUDITH sold 7,600 shares worth $313,903. Boyko Alan J also sold $524,675 worth of Scholastic Corp (NASDAQ:SCHL) shares. OCONNELL MAUREEN sold 56,526 shares worth $2.26 million. ROBINSON RICHARD also sold $738,617 worth of Scholastic Corp (NASDAQ:SCHL) shares.

More important 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 published article titled: “Scholastic Corp. SCHL (US: Nasdaq)”, Businessinsurance.com published: “Scholastic Corp. terminates cash balance plan” on July 29, 2016. More interesting news about Scholastic Corp (NASDAQ:SCHL) was released by: Fool.com and their article: “Better Stock in Book Publishing: Scholastic Corp. or Houghton Mifflin Harcourt Co?” with publication date: December 20, 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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