Louisiana State Employees Retirement System boosted its position in Scholastic Corporation (NASDAQ:SCHL) by 0.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,100 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Scholastic Corporation were worth $484,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Scholastic Corporation by 2.5% in the first quarter. US Bancorp DE now owns 19,124 shares of the company’s stock valued at $814,000 after buying an additional 470 shares during the last quarter. Capital Fund Management S.A. boosted its stake in Scholastic Corporation by 71.8% in the first quarter. Capital Fund Management S.A. now owns 12,200 shares of the company’s stock valued at $519,000 after buying an additional 5,100 shares during the last quarter. First Trust Advisors LP boosted its stake in Scholastic Corporation by 0.4% in the first quarter. First Trust Advisors LP now owns 43,333 shares of the company’s stock valued at $1,845,000 after buying an additional 158 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Scholastic Corporation by 14.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,024 shares of the company’s stock valued at $895,000 after buying an additional 2,576 shares during the last quarter. Finally, Capital One National Association boosted its stake in Scholastic Corporation by 32.7% in the first quarter. Capital One National Association now owns 24,635 shares of the company’s stock valued at $1,049,000 after buying an additional 6,070 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.
Scholastic Corporation (NASDAQ SCHL) traded down 0.60% during midday trading on Friday, hitting $39.77. 98,449 shares of the stock traded hands. Scholastic Corporation has a 12 month low of $35.20 and a 12 month high of $49.38. The firm has a market cap of $1.40 billion, a PE ratio of 26.98 and a beta of 0.74. The company’s 50 day moving average price is $42.27 and its 200 day moving average price is $43.63.
Scholastic Corporation (NASDAQ:SCHL) last announced its earnings results on Thursday, July 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.22. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The firm had revenue of $499.60 million for the quarter, compared to analyst estimates of $508 million. During the same quarter last year, the firm posted $1.22 EPS. The business’s revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that Scholastic Corporation will post $1.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. Scholastic Corporation’s dividend payout ratio (DPR) is 41.96%.
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Several equities research analysts have recently issued reports on SCHL shares. BidaskClub cut shares of Scholastic Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Scholastic Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th.
In related news, CEO Richard Robinson sold 67,993 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $43.08, for a total value of $2,929,138.44. Following the completion of the transaction, the chief executive officer now directly owns 4,350,943 shares of the company’s stock, valued at approximately $187,438,624.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judith Newman sold 5,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $45.04, for a total value of $225,200.00. Following the completion of the transaction, the executive vice president now directly owns 18,894 shares of the company’s stock, valued at $850,985.76. The disclosure for this sale can be found here. Insiders have sold a total of 73,094 shares of company stock worth $3,159,010 in the last quarter. Insiders own 24.16% of the company’s stock.
About Scholastic Corporation
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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