PDT Partners LLC Makes New $421,000 Investment in Scholastic Corporation $SCHL

Key Points

• PDT Partners LLC acquired 22,312 shares of Scholastic Corporation, representing an investment of approximately $421,000 and 0.08% ownership of the company.
• Scholastic reported $0.87 earnings per share for the last quarter, beating estimates of $0.85, with revenues totaling $508.30 million compared to expected $494.59 million.
• The company announced a quarterly dividend of $0.20 per share, translating to a yield of 3.2%, with an ex-dividend date set for August 29th.

PDT Partners LLC bought a new stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,312 shares of the company's stock, valued at approximately $421,000. PDT Partners LLC owned approximately 0.08% of Scholastic at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Scholastic by 4.2% in the 4th 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 boosted its stake in Scholastic by 6.2% during the 1st quarter. US Bancorp DE now owns 11,137 shares of the company's stock worth $210,000 after purchasing an additional 654 shares during the period. GAMMA Investing LLC boosted its stake in Scholastic by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after purchasing an additional 1,147 shares during the period. Lazard Asset Management LLC acquired a new stake in Scholastic during the 4th quarter worth $33,000. Finally, BOKF NA boosted its stake in Scholastic by 17.7% during the 4th quarter. BOKF NA now owns 10,987 shares of the company's stock worth $234,000 after purchasing an additional 1,656 shares during the period. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Price Performance

Shares of NASDAQ SCHL traded down $0.06 during midday trading on Wednesday, hitting $26.07. The company had a trading volume of 53,101 shares, compared to its average volume of 330,204. 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 business has a 50-day simple moving average of $24.15 and a two-hundred day simple moving average of $20.62. The firm has a market capitalization of $653.05 million, a price-to-earnings ratio of -648.63 and a beta of 1.24.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. The firm had revenue of $508.30 million during the quarter, compared to analysts' expectations of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. Scholastic's dividend payout ratio (DPR) is -2,000.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SCHL. Wall Street Zen cut shares of Scholastic from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. B. Riley began coverage on shares of Scholastic in a research note on Wednesday, September 3rd. They set a "buy" rating and a $37.00 price target for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $37.00.

Scholastic Company 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.