Scholastic Corp (NASDAQ:SCHL) CEO Richard Robinson sold 3,500 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $40.33, for a total value of $141,155.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Scholastic Corp (NASDAQ:SCHL) traded up $0.20 during mid-day trading on Friday, hitting $39.12. The stock had a trading volume of 78,995 shares, compared to its average volume of 152,658. Scholastic Corp has a 1-year low of $33.51 and a 1-year high of $46.98. The firm has a market capitalization of $1,358.15, a PE ratio of 32.43 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. Scholastic had a return on equity of 3.41% and a net margin of 1.07%. The business had revenue of $598.30 million for the quarter, compared to analysts’ expectations of $601.40 million. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. equities research analysts anticipate that Scholastic Corp will post 1.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, January 30th. Scholastic’s dividend payout ratio (DPR) is 133.33%.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Scholastic by 160.2% in the third quarter. JPMorgan Chase & Co. now owns 196,461 shares of the company’s stock valued at $7,277,000 after acquiring an additional 120,967 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Scholastic by 28.3% in the third quarter. Neuberger Berman Group LLC now owns 489,971 shares of the company’s stock valued at $18,227,000 after acquiring an additional 108,156 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Scholastic by 5.6% in the second quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock valued at $87,506,000 after acquiring an additional 107,349 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in Scholastic in the third quarter valued at $3,841,000. Finally, Northern Trust Corp boosted its holdings in Scholastic by 6.7% in the second quarter. Northern Trust Corp now owns 1,196,201 shares of the company’s stock valued at $52,143,000 after acquiring an additional 75,333 shares during the last quarter. Institutional investors and hedge funds own 79.63% of the company’s stock.
Several equities analysts have weighed in on the company. BidaskClub downgraded Scholastic from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet raised Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th. Zacks Investment Research cut Scholastic from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, Stifel Nicolaus raised their price objective on Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th.
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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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