TheStreet lowered shares of Scholastic (NASDAQ:SCHL) from a b- rating to a c rating in a research note published on Monday morning.

Several other analysts have also recently issued reports on the company. BidaskClub cut Scholastic from a sell rating to a strong sell rating in a research note on Saturday. Zacks Investment Research cut Scholastic from a hold rating to a sell rating in a research note on Friday, December 15th. Finally, Stifel Nicolaus increased their price objective on Scholastic from $38.00 to $41.00 and gave the company a hold rating in a research note on Wednesday, December 13th.

Shares of Scholastic (SCHL) traded up $0.14 during midday trading on Monday, hitting $39.24. The stock had a trading volume of 107,600 shares, compared to its average volume of 130,613. The firm has a market capitalization of $1,364.43, a PE ratio of 87.20 and a beta of 0.78. Scholastic has a twelve month low of $33.51 and a twelve month high of $46.95.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. The business had revenue of $598.30 million for the quarter, compared to analysts’ expectations of $601.40 million. Scholastic had a return on equity of 3.41% and a net margin of 1.07%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.92 earnings per share. equities research analysts predict that Scholastic will post 1.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, January 30th. Scholastic’s dividend payout ratio is presently 133.33%.

In other Scholastic news, CEO Richard Robinson sold 3,500 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $40.33, for a total value of $141,155.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alan J. Boyko sold 2,673 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $42.05, for a total value of $112,399.65. Following the completion of the sale, the insider now owns 39,548 shares in the company, valued at $1,662,993.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,100 shares of company stock worth $1,194,038. 22.30% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in Scholastic in the third quarter valued at $141,000. Public Employees Retirement System of Ohio raised its stake in Scholastic by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after buying an additional 193 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Scholastic in the second quarter valued at $211,000. Bessemer Group Inc. raised its stake in Scholastic by 33.4% in the third quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock valued at $223,000 after buying an additional 1,500 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Scholastic during the second quarter worth about $256,000. Institutional investors own 79.66% of the company’s stock.

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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.

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