Ananym Capital Management LP Acquires New Shares in Scholastic Corporation $SCHL

Key Points

• Ananym Capital Management LP has invested approximately $23.6 million in Scholastic Corporation, acquiring 1,250,000 shares, making it the fund's 4th largest position.
• Scholastic Corporation reported earnings of $0.87 per share for the last quarter, exceeding analysts' expectations, with revenue of $508.30 million.
• The company has announced a quarterly dividend of $0.20 per share, with a dividend yield of 3.1%, payable on September 15th.

Ananym Capital Management LP purchased a new stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,250,000 shares of the company's stock, valued at approximately $23,600,000. Scholastic comprises approximately 11.7% of Ananym Capital Management LP's portfolio, making the stock its 4th largest holding. Ananym Capital Management LP owned 4.45% of Scholastic as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Scholastic in the 4th quarter valued at $33,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 1,147 shares during the period. CWM LLC increased its holdings in Scholastic by 508.7% in the first quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after purchasing an additional 3,505 shares during the period. US Bancorp DE increased its holdings in 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 purchasing an additional 654 shares during the period. Finally, BOKF NA increased its holdings in Scholastic by 17.7% in the fourth quarter. BOKF NA now owns 10,987 shares of the company's stock valued at $234,000 after purchasing an additional 1,656 shares during the period. 82.57% of the stock is currently owned by institutional investors.

Scholastic Stock Performance

Shares of Scholastic stock traded down $0.27 during mid-day trading on Thursday, hitting $24.78. 178,285 shares of the stock were exchanged, compared to its average volume of 332,548. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $34.18. The company has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $20.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.76 and a current ratio of 1.16. The company has a market capitalization of $620.74 million, a P/E ratio of -619.50 and a beta of 1.24.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company 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. Sell-side analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. Scholastic's dividend payout ratio (DPR) is presently -2,000.00%.

Analysts Set New Price Targets

SCHL has been the subject of a number of recent research reports. B. Riley initiated coverage on Scholastic in a report on Wednesday. They issued a "buy" rating and a $37.00 price objective for the company. Wall Street Zen upgraded Scholastic from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $37.00.

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.