22,100 Shares in Scholastic Corporation $SCHL Purchased by Strs Ohio

Key Points

• Strs Ohio acquired 22,100 shares of Scholastic Corporation worth approximately $417,000, which constitutes about 0.08% of the company's total shares.
• Scholastic recently reported earnings of ($2.52) EPS, missing the consensus estimate by $0.08, with revenue at $225.60 million compared to analyst expectations of $240.41 million.
• The company announced a quarterly dividend of $0.20 per share, representing a 3.2% yield, with the ex-dividend date set for October 31st.

Strs Ohio acquired a new position in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,100 shares of the company's stock, valued at approximately $417,000. Strs Ohio owned about 0.08% of Scholastic as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Scholastic by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company's stock valued at $282,000 after buying an additional 530 shares in the last quarter. US Bancorp DE raised its position in shares of Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock valued at $210,000 after buying an additional 654 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Scholastic by 182.4% in the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after buying an additional 1,147 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Scholastic in the fourth quarter valued at approximately $33,000. Finally, Principal Financial Group Inc. raised its position in shares of Scholastic by 2.6% in the first quarter. Principal Financial Group Inc. now owns 123,522 shares of the company's stock valued at $2,332,000 after buying an additional 3,076 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCHL has been the subject of a number of analyst reports. B. Riley initiated coverage on shares of Scholastic in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price target for the company. Wall Street Zen downgraded shares of Scholastic from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $37.00.

Scholastic Stock Performance

Shares of Scholastic stock opened at $25.32 on Tuesday. The stock has a market cap of $634.27 million, a price-to-earnings ratio of -38.36 and a beta of 1.24. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. Scholastic Corporation has a twelve month low of $15.77 and a twelve month high of $34.18. The company's fifty day moving average is $25.05 and its 200 day moving average is $20.95.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.44) by ($0.08). The firm had revenue of $225.60 million during the quarter, compared to analyst estimates of $240.41 million. Scholastic had a negative net margin of 0.65% and a positive return on equity of 1.08%. During the same quarter in the previous year, the firm earned ($2.13) EPS. Scholastic has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, October 31st will be issued a $0.20 dividend. The ex-dividend date is Friday, October 31st. This represents a $0.80 annualized dividend and a yield of 3.2%. Scholastic's payout ratio is presently -121.21%.

Scholastic Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.

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