Stride’s (LRN) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Stride (NYSE:LRN) in a research report sent to investors on Friday,Benzinga reports. They currently have a $140.00 price target on the stock.

LRN has been the subject of several other research reports. BMO Capital Markets boosted their target price on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and an average price target of $119.33.

Stride Stock Up 2.1 %

LRN stock opened at $120.93 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride has a 12 month low of $56.17 and a 12 month high of $145.00. The firm has a market capitalization of $5.27 billion, a PE ratio of 20.19, a P/E/G ratio of 1.04 and a beta of 0.46. The company’s 50 day simple moving average is $127.31 and its 200-day simple moving average is $104.74.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Equities analysts expect that Stride will post 6.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company’s stock valued at $485,706,000 after purchasing an additional 69,888 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after buying an additional 375,686 shares during the period. Janus Henderson Group PLC boosted its holdings in Stride by 27.6% in the fourth quarter. Janus Henderson Group PLC now owns 1,493,709 shares of the company’s stock valued at $155,251,000 after acquiring an additional 323,275 shares during the last quarter. Geode Capital Management LLC grew its position in Stride by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock valued at $100,877,000 after acquiring an additional 5,694 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company’s stock valued at $79,326,000 after acquiring an additional 314,435 shares during the period. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Company Profile

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.