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McGraw Hill (MH) has an average rating of Buy and mean price target of $17.82, according to analysts polled by FactSet.Price: $11.83, Change: $-0.53, Percent Change: -4.29%
Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2%.In corporate news, Target (TGT) shareholders opposed a proposal to separate board oversight from executive leadership, allowing former chief executive Brian Cornell to remain executive chair, Reuters reported. Target shares rose 3.6%.Burlington Stores (BURL) is set to continue gaining market share and improving profitability as it strengthens merchandising, inventory allocation, and supply chain efficiency, UBS Securities said in a report. UBS has a buy rating on Burlington stock with a $435 price target. Burlington shares climbed 4%.Oxford Industries (OXM) shares dropped 18% after the clothing company provided a fiscal Q2 sales outlook below analyst estimates, while its results declined year over year in the prior three-month period.McGraw Hill (MH) reported a year-over-year decline in fiscal Q4 sales on Thursday amid weakness in the K-12 business. Its shares fell 3.5%.
Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.3%.In corporate news, Oxford Industries (OXM) shares dropped 19% after the clothing company provided a fiscal Q2 sales outlook below analyst estimates, while its results declined year over year in the prior three-month period.McGraw Hill (MH) reported an annual drop in fiscal Q4 sales on Thursday amid weakness in the K-12 business. Its shares declined 3.8%.Target (TGT) shareholders opposed a proposal to separate board oversight from executive leadership, allowing former Chief Executive Brian Cornell to remain executive chair, Reuters reported. Target shares rose 2.1%.
McGraw Hill (MH) reported an annual drop in fiscal fourth-quarter sales on Thursday amid weakness in the K-12 business.The educational courses provider's revenue fell 2% to $463.7 million for the quarter ended March 31. Analysts surveyed by FactSet forecast sales of $439.9 million.Sales in the K-12 segment, which covers kindergarten through 12th grade, fell 10% to $126.2 million, while higher education revenue rose 1.6% to to $258.3 million"Fourth-quarter performance was also impacted by Middle East project delays that have shifted into the second half of fiscal year 2027," Chief Financial Officer Bob Sallmann said on a conference call, according to a FactSet transcript.The stock was down 2.1% intraday Thursday, recovering from a steeper loss earlier in the day.McGraw Hill reported adjusted earnings of $0.32 a share in the fourth quarter, swinging from an adjusted loss of $1.97 a year ago. Analysts polled by FactSet expected adjusted earnings of $0.17 per share.McGraw Hill is preparing to pilot a new agentic artificial intelligence version of its precision education platform, Chief Executive Philip Moyer said in a statement."We have achieved over 7.5 million users of our new AI personalized learning tools and now have an existing base of more than 100 million active student and educator curriculum licenses in over 100 countries," Moyer said.For fiscal 2027, the company expects revenue of $2.12 billion to $2.18 billion, compared with the FactSet consensus of $2.16 billion.Price: $12.59, Change: $-0.22, Percent Change: -1.68%
Consumer stocks were mixed premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) retreating 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gaining 0.8%.Tesla (TSLA) shares were up more than 1% pre-bell after Annick De Ridder, the Flemish Minister of Mobility, Public Works, Ports, and Sport, said in an X post that the EV maker's full self-driving technology has been approved in Belgium.Alibaba (BABA) shares fell more than 4% after Bloomberg reported that the company has replaced the head of its AI-chat app, Dingtalk, in a leadership change after an insider debate regarding the productivity platform's role in the broader AI strategy of the e-commerce colossus.McGraw Hill (MH) stock declined more than 6% premarket after the company reported lower fiscal Q4 revenue.