Scholastic Corp. (NASDAQ:SCHL) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research note issued on Monday.

Separately, Zacks Investment Research raised shares of Scholastic Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd.

Scholastic Corp. (NASDAQ:SCHL) traded down 0.91% during midday trading on Monday, hitting $38.06. 106,605 shares of the stock traded hands. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.62 and a beta of 0.66. The stock’s 50-day moving average price is $39.30 and its 200 day moving average price is $38.85. Scholastic Corp. has a 52 week low of $30.34 and a 52 week high of $44.24.

Scholastic Corp. (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, September 22nd. The company reported ($1.15) EPS for the quarter, beating the consensus estimate of ($1.17) by $0.02. The company earned $282.70 million during the quarter. Scholastic Corp. had a net margin of 2.85% and a return on equity of 5.45%. Scholastic Corp.’s revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.42) EPS. On average, equities research analysts predict that Scholastic Corp. will post $1.66 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 27th. This represents a $0.60 annualized dividend and a yield of 1.58%. Scholastic Corp.’s payout ratio is presently 42.86%.

In other Scholastic Corp. news, insider Alan J. Boyko sold 12,720 shares of Scholastic Corp. stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $41.25, for a total transaction of $524,700.00. Following the completion of the sale, the insider now directly owns 33,820 shares in the company, valued at $1,395,075. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Judith Newman sold 7,600 shares of Scholastic Corp. stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $41.30, for a total transaction of $313,880.00. Following the sale, the executive vice president now owns 30,391 shares of the company’s stock, valued at $1,255,148.30. The disclosure for this sale can be found here. Company insiders own 24.16% of the company’s stock.

A number of large investors have recently made changes to their positions in SCHL. Royce & Associates LP raised its stake in shares of Scholastic Corp. by 1.8% in the second quarter. Royce & Associates LP now owns 2,124,500 shares of the company’s stock valued at $84,151,000 after buying an additional 38,500 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Scholastic Corp. by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,913,048 shares of the company’s stock worth $75,776,000 after buying an additional 61,415 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Scholastic Corp. by 3.8% in the second quarter. BlackRock Fund Advisors now owns 1,760,467 shares of the company’s stock worth $69,732,000 after buying an additional 64,701 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Scholastic Corp. by 53.6% in the second quarter. Bank of New York Mellon Corp now owns 779,194 shares of the company’s stock worth $30,863,000 after buying an additional 272,035 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Scholastic Corp. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 669,603 shares of the company’s stock worth $25,023,000 after buying an additional 10,785 shares during the last quarter. Institutional investors and hedge funds own 82.10% of the company’s stock.

About Scholastic Corp.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution, Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel.

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