LSV Asset Management Buys 19,384 Shares of Scholastic Corporation $SCHL

LSV Asset Management boosted its stake in shares of Scholastic Corporation (NASDAQ:SCHL) by 71.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,384 shares of the company’s stock after buying an additional 19,384 shares during the quarter. LSV Asset Management owned approximately 0.18% of Scholastic worth $1,270,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCHL. AQR Capital Management LLC increased its position in shares of Scholastic by 160.5% during the first quarter. AQR Capital Management LLC now owns 157,436 shares of the company’s stock worth $2,972,000 after acquiring an additional 96,998 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Scholastic by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after purchasing an additional 630 shares during the period. Empowered Funds LLC increased its holdings in Scholastic by 4.2% during the 1st quarter. Empowered Funds LLC now owns 164,178 shares of the company’s stock worth $3,100,000 after purchasing an additional 6,628 shares during the period. Jane Street Group LLC raised its position in Scholastic by 457.8% during the 1st quarter. Jane Street Group LLC now owns 81,390 shares of the company’s stock valued at $1,537,000 after purchasing an additional 66,798 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Scholastic by 152.9% in the 2nd quarter. CWM LLC now owns 10,607 shares of the company’s stock worth $223,000 after buying an additional 6,413 shares during the period. 82.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings upgraded Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Zacks Research raised shares of Scholastic from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $37.00.

Scholastic Price Performance

SCHL opened at $34.09 on Tuesday. The firm has a market capitalization of $867.25 million, a PE ratio of -170.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.67 and a quick ratio of 1.24. The business’s 50-day moving average is $32.14 and its two-hundred day moving average is $29.04. Scholastic Corporation has a 1 year low of $15.77 and a 1 year high of $35.98.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, December 18th. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.10. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. The business had revenue of $551.10 million for the quarter, compared to analysts’ expectations of $556.72 million. During the same period last year, the business earned $1.82 EPS. Research analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, January 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Scholastic’s dividend payout ratio is presently -400.00%.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.