Scholastic Corp (NASDAQ:SCHL) was the recipient of a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,564,969 shares, a growth of 26.6% from the December 15th total of 1,236,404 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average trading volume of 152,724 shares, the short-interest ratio is currently 10.2 days.

Shares of Scholastic (SCHL) opened at $39.12 on Friday. Scholastic has a 12-month low of $33.51 and a 12-month high of $46.98. The company has a market capitalization of $1,358.15, a PE ratio of 86.93 and a beta of 0.78.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.17. Scholastic had a return on equity of 3.41% and a net margin of 1.07%. The company had revenue of $598.30 million for the quarter, compared to analysts’ expectations of $601.40 million. During the same period in the previous year, the firm posted $1.92 EPS. Scholastic’s revenue was down 4.0% compared to the same quarter last year. research analysts forecast that Scholastic will post 1.27 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 yield of 1.53%. The ex-dividend date of this dividend is Tuesday, January 30th. Scholastic’s payout ratio is 133.33%.

SCHL has been the topic of a number of analyst reports. BidaskClub upgraded Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. TheStreet upgraded Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus raised their target price on Scholastic from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, December 13th.

In other news, CEO Richard Robinson sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $40.33, for a total transaction of $141,155.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alan J. Boyko sold 7,327 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $42.00, for a total value of $307,734.00. Following the sale, the insider now owns 43,557 shares in the company, valued at $1,829,394. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock worth $1,095,638 over the last 90 days. Insiders own 22.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA acquired a new stake in Scholastic in the 2nd quarter worth about $111,000. Quantbot Technologies LP acquired a new stake in Scholastic in the 3rd quarter worth about $141,000. Public Employees Retirement System of Ohio boosted its holdings in Scholastic by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock worth $166,000 after buying an additional 193 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Scholastic in the 2nd quarter worth about $211,000. Finally, Bessemer Group Inc. boosted its holdings in Scholastic by 33.4% in the 3rd quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock worth $223,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 79.63% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Short Interest in Scholastic Corp (SCHL) Grows By 26.6%” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2018/01/14/short-interest-in-scholastic-corp-schl-grows-by-26-6.html.

Scholastic Company Profile

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.

Receive News & Ratings for Scholastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic and related companies with MarketBeat.com's FREE daily email newsletter.