VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $691,000 Investment in Scholastic Corporation $SCHL

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Scholastic Corporation (NASDAQ:SCHL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,946 shares of the company’s stock, valued at approximately $691,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.12% of Scholastic at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peapod Lane Capital LLC acquired a new stake in Scholastic during the first quarter worth about $505,000. GAMMA Investing LLC increased its stake in Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $34,000 after acquiring an additional 1,147 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Scholastic during the first quarter worth about $414,000. Ananym Capital Management LP purchased a new stake in shares of Scholastic in the first quarter worth about $23,600,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Scholastic by 21.6% in the first quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company’s stock worth $4,802,000 after buying an additional 45,253 shares during the period. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SCHL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Scholastic in a research report on Wednesday, October 8th. B. Riley started coverage on Scholastic in a research report on Wednesday, September 3rd. They issued a “buy” rating and a $37.00 target price for the company. Finally, Wall Street Zen downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Scholastic presently has an average rating of “Hold” and a consensus target price of $37.00.

Scholastic Trading Up 1.3%

Shares of SCHL opened at $29.24 on Friday. The company has a market capitalization of $735.06 million, a P/E ratio of -44.30 and a beta of 1.24. Scholastic Corporation has a one year low of $15.77 and a one year high of $29.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.65 and a current ratio of 1.16. The stock has a 50-day moving average price of $27.02 and a 200 day moving average price of $22.43.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, September 18th. The company reported ($2.52) EPS for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.08). The business had revenue of $225.60 million during the quarter, compared to analysts’ expectations of $240.41 million. Scholastic had a negative net margin of 0.65% and a positive return on equity of 1.10%. During the same period in the prior year, the company posted ($2.13) EPS. Scholastic has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, October 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Scholastic’s dividend payout ratio is currently -121.21%.

Scholastic Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.