Goldman Sachs Group Inc. decreased its stake in shares of Scholastic Corporation (NASDAQ:SCHL) by 43.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,235 shares of the company’s stock after selling 26,554 shares during the quarter. Goldman Sachs Group Inc. owned about 0.10% of Scholastic Corporation worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Scholastic Corporation by 1.1% during the 2nd quarter. BlackRock Inc. now owns 3,380,237 shares of the company’s stock valued at $147,344,000 after acquiring an additional 35,595 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Scholastic Corporation by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,786,533 shares of the company’s stock valued at $121,465,000 after purchasing an additional 21,650 shares during the last quarter. Royce & Associates LP increased its position in shares of Scholastic Corporation by 1.9% during the 2nd quarter. Royce & Associates LP now owns 2,154,000 shares of the company’s stock valued at $93,893,000 after purchasing an additional 40,000 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Scholastic Corporation by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,148,931 shares of the company’s stock valued at $93,672,000 after purchasing an additional 19,222 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Scholastic Corporation by 5.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock valued at $87,506,000 after purchasing an additional 107,349 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.
Shares of Scholastic Corporation (NASDAQ:SCHL) opened at $37.00 on Friday. The stock has a market capitalization of $1,295.52, a PE ratio of 29.13 and a beta of 0.76. Scholastic Corporation has a 12-month low of $33.51 and a 12-month high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last released its earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. During the same quarter in the previous year, the firm earned ($1.15) EPS. The business’s quarterly revenue was down 33.1% compared to the same quarter last year. equities analysts expect that Scholastic Corporation will post 1.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 1.62%. Scholastic Corporation’s payout ratio is 77.92%.
Several equities research analysts have recently issued reports on SCHL shares. Zacks Investment Research raised Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and issued a $44.00 price objective on shares of Scholastic Corporation in a report on Wednesday, August 16th. Finally, BidaskClub raised Scholastic Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th.
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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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