Scholastic Corp (NASDAQ:SCHL) CEO Richard Robinson sold 41,745 shares of Scholastic stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $38.48, for a total value of $1,606,347.60. Following the completion of the transaction, the chief executive officer now owns 4,366,372 shares of the company’s stock, valued at approximately $168,017,994.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Richard Robinson also recently made the following trade(s):
- On Tuesday, April 3rd, Richard Robinson sold 8,769 shares of Scholastic stock. The shares were sold at an average price of $38.46, for a total value of $337,255.74.
- On Thursday, March 29th, Richard Robinson sold 1,200 shares of Scholastic stock. The shares were sold at an average price of $39.23, for a total value of $47,076.00.
NASDAQ:SCHL opened at $38.09 on Friday. Scholastic Corp has a 12 month low of $33.51 and a 12 month high of $46.59. The company has a market cap of $1,344.90, a price-to-earnings ratio of 30.73 and a beta of 0.76.
Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Wednesday, March 21st. The company reported ($0.30) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.05. Scholastic had a positive return on equity of 3.58% and a negative net margin of 1.00%. The company had revenue of $344.70 million during the quarter, compared to analyst estimates of $350.10 million. During the same period in the previous year, the business earned ($0.36) EPS. Scholastic’s quarterly revenue was up 2.5% on a year-over-year basis. equities analysts anticipate that Scholastic Corp will post 1.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, April 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.60 annualized dividend and a yield of 1.58%. Scholastic’s dividend payout ratio (DPR) is currently 32.79%.
Scholastic declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 21st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts have commented on the company. BidaskClub upgraded Scholastic from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered Scholastic from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Gabelli reiterated a “buy” rating on shares of Scholastic in a research note on Friday, March 23rd. Stifel Nicolaus boosted their price objective on Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Finally, TheStreet upgraded Scholastic from a “c” rating to a “b-” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Scholastic currently has a consensus rating of “Hold” and a consensus price target of $41.00.
Several institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in shares of Scholastic during the 4th quarter worth approximately $537,000. Millennium Management LLC acquired a new position in shares of Scholastic during the 4th quarter worth approximately $382,000. Goldman Sachs Group Inc. boosted its holdings in shares of Scholastic by 17.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 91,534 shares of the company’s stock worth $3,671,000 after purchasing an additional 13,667 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Scholastic during the 4th quarter worth approximately $1,013,000. Finally, Deutsche Bank AG boosted its holdings in shares of Scholastic by 128.6% during the 4th quarter. Deutsche Bank AG now owns 188,288 shares of the company’s stock worth $7,549,000 after purchasing an additional 105,908 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.
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Scholastic Company Profile
Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.
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