BidaskClub upgraded shares of Scholastic (NASDAQ:SCHL) from a sell rating to a hold rating in a research note released on Sunday.

Several other equities analysts also recently issued reports on SCHL. TheStreet downgraded shares of Scholastic from a b- rating to a c rating in a report on Monday, January 22nd. Stifel Nicolaus lifted their price target on shares of Scholastic from $38.00 to $41.00 and gave the company a hold rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded shares of Scholastic from a hold rating to a sell rating in a report on Friday, December 15th.

Scholastic (SCHL) opened at $36.99 on Friday. Scholastic has a 1-year low of $33.51 and a 1-year high of $46.95. The stock has a market cap of $1,291.50, a PE ratio of 82.20 and a beta of 0.73.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results 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. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The firm had revenue of $598.30 million during the quarter, compared to the consensus estimate of $601.40 million. During the same period last year, the firm posted $1.92 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts anticipate that Scholastic will post 1.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, January 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, January 30th. Scholastic’s 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 dated Monday, December 18th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alan J. Boyko sold 13,100 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the completion of the sale, the insider now 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 sold a total of 29,100 shares of company stock valued at $1,194,038 in the last 90 days. Corporate insiders own 22.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in Scholastic in the 3rd quarter valued at about $141,000. Public Employees Retirement System of Ohio increased its position 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 valued at $166,000 after acquiring an additional 193 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Scholastic in the 2nd quarter valued at about $211,000. Piedmont Investment Advisors LLC acquired a new stake in Scholastic in the 2nd quarter valued at about $256,000. Finally, Bessemer Group Inc. increased its position in Scholastic by 33.4% in the 3rd quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock valued at $223,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 80.63% 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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