Charles Schwab Investment Management Inc. Increases Position in Scholastic Corporation $SCHL

Key Points

• Charles Schwab Investment Management Inc. raised its stake in Scholastic Corporation (SCHL) by 12.3% during the first quarter, now holding a total of 2.27% of the company valued at approximately $12.04 million.
• Scholastic has announced a quarterly dividend of $0.20 per share, scheduled to be paid on September 15th, resulting in an annualized dividend yield of 3.1%.
• The company recently reported earnings of $0.87 per share, exceeding analyst expectations, and provided guidance forecasting 0.84 EPS for the current year.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) by 12.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,928 shares of the company's stock after purchasing an additional 69,722 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.27% of Scholastic worth $12,044,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of Scholastic during the fourth quarter worth $33,000. GAMMA Investing LLC boosted its holdings in shares of Scholastic by 182.4% during the first 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 last quarter. CWM LLC boosted its holdings in shares of Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after purchasing an additional 3,505 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Scholastic by 6.2% during the first 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 last quarter. Finally, BOKF NA boosted its holdings in shares of Scholastic by 17.7% during the fourth 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 last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Wall Street Analysts Forecast Growth

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

Scholastic Stock Up 0.3%

Shares of SCHL traded up $0.07 during midday trading on Friday, reaching $26.02. 8,191 shares of the company were exchanged, compared to its average volume of 334,114. The stock has a 50-day moving average price of $23.42 and a 200-day moving average price of $20.32. The company has a market cap of $651.68 million, a price-to-earnings ratio of -650.38 and a beta of 1.18. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $34.18. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The company had revenue of $508.30 million for the quarter, compared to analysts' expectations 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. Research analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th 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 3.1%. The ex-dividend date is Friday, August 29th. Scholastic's payout ratio is currently -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.