BidaskClub downgraded shares of Scholastic (NASDAQ:SCHL) from a buy rating to a hold rating in a report released on Tuesday.

Several other analysts have also commented on SCHL. Stifel Nicolaus reaffirmed a hold rating and issued a $44.00 price objective on shares of Scholastic in a report on Wednesday, August 16th. Zacks Investment Research raised Scholastic from a strong sell rating to a hold rating in a report on Tuesday, September 26th.

Shares of Scholastic (NASDAQ:SCHL) traded down $1.89 on Tuesday, hitting $40.35. The company had a trading volume of 257,200 shares, compared to its average volume of 128,566. Scholastic has a one year low of $33.51 and a one year high of $49.38. The company has a market capitalization of $1,478.99, a price-to-earnings ratio of 33.26 and a beta of 0.78.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 14th. The company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.17. Scholastic had a return on equity of 3.57% and a net margin of 1.71%. The company had revenue of $598.30 million during the quarter, compared to analyst estimates of $601.40 million. During the same quarter in the previous year, the company posted $1.92 earnings per share. Scholastic’s revenue was down 4.0% compared to the same quarter last year. research analysts forecast that Scholastic will post 1.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, January 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, January 30th. Scholastic’s payout ratio is currently 77.92%.

In other Scholastic news, insider Alan J. Boyko sold 2,673 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $42.05, for a total transaction of $112,399.65. Following the completion of the sale, the insider now owns 39,548 shares of the company’s stock, valued at $1,662,993.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan J. Boyko sold 13,100 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total value of $534,349.00. Following the sale, the insider now directly owns 44,146 shares of the company’s stock, valued at approximately $1,800,715.34. The disclosure for this sale can be found here. Insiders have sold 23,100 shares of company stock valued at $954,483 in the last three months. 22.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in SCHL. Federated Investors Inc. PA bought a new stake in Scholastic during the second quarter valued at about $111,000. Quantbot Technologies LP bought a new stake in Scholastic during the third quarter valued at about $141,000. Public Employees Retirement System of Ohio grew its holdings in Scholastic by 5.3% during the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after purchasing an additional 193 shares during the period. Bessemer Group Inc. grew its holdings in Scholastic by 11.5% during the second quarter. Bessemer Group Inc. now owns 4,495 shares of the company’s stock valued at $196,000 after purchasing an additional 462 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Scholastic during the second quarter valued at about $211,000. 79.51% of the stock is owned by institutional investors and hedge funds.

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About Scholastic

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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