Legal & General Group Plc Purchases Shares of 38,576 Scholastic Corporation $SCHL

Posted by George Bondi on Sep 7th, 2026

Legal & General Group Plc purchased a new position in Scholastic Corporation (NASDAQ:SCHL – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 38,576 shares of the company’s stock, valued at approximately $1,774,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Scholastic by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after purchasing an additional 630 shares during the last quarter. Quantinno Capital Management LP raised its position in Scholastic by 3.2% during the 1st quarter. Quantinno Capital Management LP now owns 23,186 shares of the company’s stock valued at $906,000 after purchasing an additional 729 shares during the last quarter. Deutsche Bank AG raised its position in Scholastic by 4.1% during the 4th quarter. Deutsche Bank AG now owns 20,829 shares of the company’s stock valued at $617,000 after purchasing an additional 824 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Scholastic in the 2nd quarter worth approximately $43,000. Finally, Public Sector Pension Investment Board grew its position in shares of Scholastic by 1.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 80,195 shares of the company’s stock worth $1,682,000 after buying an additional 1,509 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

Scholastic Price Performance

Shares of NASDAQ:SCHL opened at $35.66 on Monday. The stock has a fifty day simple moving average of $42.77 and a two-hundred day simple moving average of $40.31. The stock has a market capitalization of $672.55 million, a price-to-earnings ratio of 15.24, a PEG ratio of 1.71 and a beta of 1.01. Scholastic Corporation has a 12-month low of $22.68 and a 12-month high of $48.07. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10.

Scholastic (NASDAQ:SCHL – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.03. Scholastic had a return on equity of 5.29% and a net margin of 3.58%.The firm had revenue of $476.10 million for the quarter, compared to analysts’ expectations of $517.06 million. During the same period in the prior year, the firm posted $0.59 earnings per share. On average, research analysts anticipate that Scholastic Corporation will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SCHL. B. Riley Financial boosted their target price on Scholastic from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Scholastic from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $42.00.

Get Our Latest Analysis on Scholastic

Insiders Place Their Bets

In other news, 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 owned 7,113 shares in the company, valued at approximately $286,298.25. This represents a 31.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Iole Lucchese sold 289,624 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $39.76, for a total value of $11,515,450.24. Following the completion of the transaction, the executive vice president directly owned 289,623 shares in the company, valued at $11,515,410.48. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 294,986 shares of company stock valued at $11,731,334. Insiders own 12.77% of the company’s stock.

About Scholastic

(Free Report)

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.