American Century Companies Inc. Buys 53,731 Shares of Scholastic Corporation $SCHL

Key Points

• American Century Companies Inc. increased its holdings in Scholastic Corporation by 8.6%, now owning approximately $12.76 million worth of shares as of their latest SEC filing.
• Scholastic's stock has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook from analysts.
• The company declared a quarterly dividend of $0.20 per share with a dividend yield of 3.1%, scheduled to be paid on September 15th.

American Century Companies Inc. boosted its stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 8.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 675,583 shares of the company's stock after buying an additional 53,731 shares during the quarter. American Century Companies Inc. owned approximately 2.40% of Scholastic worth $12,755,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in Scholastic in the 4th quarter valued at about $33,000. GAMMA Investing LLC grew its holdings 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 acquiring an additional 1,147 shares in the last quarter. CWM LLC increased its position in shares of Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after acquiring an additional 3,505 shares during the last quarter. US Bancorp DE increased its position in shares of Scholastic by 6.2% during the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock valued at $210,000 after acquiring an additional 654 shares during the last quarter. Finally, BOKF NA lifted its holdings in Scholastic by 17.7% during the fourth quarter. BOKF NA now owns 10,987 shares of the company's stock worth $234,000 after acquiring an additional 1,656 shares during the period. 82.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Scholastic from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd.

Scholastic Stock Performance

SCHL stock traded down $0.49 during midday trading on Friday, reaching $25.66. 175,887 shares of the company's stock traded hands, compared to its average volume of 335,170. The company has a 50-day moving average price of $23.42 and a two-hundred day moving average price of $20.32. The firm has a market capitalization of $642.78 million, a PE ratio of -641.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.76 and a current ratio of 1.16. Scholastic Corporation has a 52 week low of $15.77 and a 52 week high of $34.18.

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

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 29th. Scholastic's dividend payout ratio is -2,000.00%.

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.