Caxton Associates LLP Invests $353,000 in Scholastic Corporation $SCHL

Key Points

• Caxton Associates LLP invested approximately $353,000 in Scholastic Corporation by acquiring 18,713 shares, marking a new position for the hedge fund.
• Scholastic recently announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 2.9% despite a significant negative payout ratio.
• Analysts maintain an average rating of "Buy" for Scholastic, with a target price of $37.00, although one firm downgraded its rating to "hold."

Caxton Associates LLP purchased a new position in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,713 shares of the company's stock, valued at approximately $353,000. Caxton Associates LLP owned about 0.07% of Scholastic as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SCHL. Northern Trust Corp boosted its position in Scholastic by 12.1% during the 4th quarter. Northern Trust Corp now owns 401,755 shares of the company's stock worth $8,569,000 after acquiring an additional 43,501 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Scholastic by 46.7% during the 4th quarter. Deutsche Bank AG now owns 23,330 shares of the company's stock worth $498,000 after purchasing an additional 7,432 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Scholastic during the 4th quarter worth approximately $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Scholastic by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company's stock worth $282,000 after purchasing an additional 530 shares in the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Scholastic by 30.6% during the 4th quarter. Vident Advisory LLC now owns 19,028 shares of the company's stock worth $406,000 after purchasing an additional 4,453 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SCHL shares. B. Riley initiated coverage on Scholastic in a research note on Wednesday, September 3rd. They set a "buy" rating and a $37.00 price objective on the stock. Wall Street Zen cut Scholastic from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $37.00.

Scholastic Stock Performance

NASDAQ SCHL traded up $0.33 on Thursday, reaching $27.54. The stock had a trading volume of 704,740 shares, compared to its average volume of 239,164. The company has a market cap of $689.88 million, a P/E ratio of -688.50 and a beta of 1.24. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $34.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.76. The firm has a fifty day moving average of $24.92 and a two-hundred day moving average of $20.90.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its 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. The company had revenue of $508.30 million for the quarter, compared to analyst estimates of $494.59 million. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%. Scholastic has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 31st. Scholastic's dividend payout ratio (DPR) is presently -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.