Scholastic Corporation (NASDAQ:SCHL) Short Interest Update

Scholastic Corporation (NASDAQ:SCHL) was the target of a large growth in short interest during the month of September. As of September 29th, there was short interest totalling 1,248,574 shares, a growth of 55.5% from the September 15th total of 802,692 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 279,967 shares, the days-to-cover ratio is presently 4.5 days.

A number of equities analysts have recently issued reports on the company. BidaskClub cut Scholastic Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research cut Scholastic Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Scholastic Corporation in a report on Thursday, September 21st.

Several large investors have recently made changes to their positions in SCHL. BlackRock Inc. boosted its position in shares of Scholastic Corporation by 47,605.6% during the first quarter. BlackRock Inc. now owns 3,344,642 shares of the company’s stock valued at $142,381,000 after buying an additional 3,337,631 shares during the period. Acadian Asset Management LLC boosted its position in shares of Scholastic Corporation by 51.3% during the second quarter. Acadian Asset Management LLC now owns 554,380 shares of the company’s stock valued at $24,164,000 after buying an additional 187,938 shares during the period. Alliancebernstein L.P. boosted its position in shares of Scholastic Corporation by 5.6% during the second quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock valued at $87,506,000 after buying an additional 107,349 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Scholastic Corporation by 28.4% during the second quarter. Neuberger Berman Group LLC now owns 381,815 shares of the company’s stock valued at $16,643,000 after buying an additional 84,451 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Scholastic Corporation by 6.7% during the second quarter. Northern Trust Corp now owns 1,196,201 shares of the company’s stock valued at $52,143,000 after buying an additional 75,333 shares during the period. Institutional investors and hedge funds own 78.93% of the company’s stock.

Shares of Scholastic Corporation (NASDAQ:SCHL) opened at 38.28 on Friday. The stock has a market capitalization of $1.34 billion, a PE ratio of 48.52 and a beta of 0.73. Scholastic Corporation has a one year low of $33.51 and a one year high of $49.38. The company’s 50-day moving average price is $37.63 and its 200 day moving average price is $41.03.

Scholastic Corporation (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). Scholastic Corporation had a return on equity of 3.57% and a net margin of 1.71%. The company had revenue of $189.20 million for the quarter, compared to the consensus estimate of $208.00 million. During the same period in the previous year, the firm earned ($1.15) earnings per share. The company’s revenue was down 33.1% compared to the same quarter last year. Analysts anticipate that Scholastic Corporation will post $1.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. Scholastic Corporation’s dividend payout ratio (DPR) is presently 77.92%.

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Scholastic Corporation Company Profile

Scholastic Corporation is a publisher and distributor of children’s books, a 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 Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

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