Scholastic Corporation (NASDAQ:SCHL – Get Free Report) Director Kaya Henderson sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $40.25, for a total value of $130,812.50. Following the transaction, the director directly owned 7,113 shares of the company’s stock, valued at $286,298.25. This trade represents a 31.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Scholastic Trading Up 5.2%
Shares of NASDAQ SCHL opened at $41.98 on Friday. Scholastic Corporation has a 12-month low of $22.68 and a 12-month high of $48.07. The company has a market cap of $791.87 million, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $43.99 and its 200 day simple moving average is $39.50.
Scholastic (NASDAQ:SCHL – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.03. The firm had revenue of $476.10 million during the quarter, compared to the consensus estimate of $517.06 million. Scholastic had a return on equity of 5.29% and a net margin of 3.58%.During the same period in the prior year, the business earned $0.59 EPS. Equities research analysts expect that Scholastic Corporation will post 1.6 EPS for the current year.
Scholastic Increases Dividend
Wall Street Analysts Forecast Growth
SCHL has been the topic of several recent research reports. Weiss Ratings downgraded shares of Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. B. Riley Financial upped their target price on shares of Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $42.00.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Scholastic in the second quarter worth about $120,724,000. Vanguard Group Inc. increased its stake in Scholastic by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,593,981 shares of the company’s stock valued at $47,230,000 after buying an additional 59,017 shares during the period. Alliancebernstein L.P. increased its stake in Scholastic by 879.3% during the 3rd quarter. Alliancebernstein L.P. now owns 1,159,261 shares of the company’s stock valued at $31,741,000 after buying an additional 1,040,880 shares during the period. J. Goldman & Co LP raised its position in shares of Scholastic by 4.1% during the 4th quarter. J. Goldman & Co LP now owns 797,878 shares of the company’s stock worth $23,641,000 after buying an additional 31,427 shares in the last quarter. Finally, Bragg Financial Advisors Inc raised its position in shares of Scholastic by 13.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 668,904 shares of the company’s stock worth $19,820,000 after buying an additional 76,801 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.
Scholastic Company Profile
Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.
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