Jacobs Levy Equity Management Inc. Purchases 126,260 Shares of Scholastic Corporation $SCHL

Jacobs Levy Equity Management Inc. increased its position in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) by 39.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,779 shares of the company's stock after purchasing an additional 126,260 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.58% of Scholastic worth $8,397,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SCHL. Northern Trust Corp increased its position in shares of 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 purchasing an additional 43,501 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Scholastic in the 4th quarter valued at about $404,000. BOKF NA increased its position in Scholastic by 17.7% in the 4th quarter. BOKF NA now owns 10,987 shares of the company's stock valued at $234,000 after acquiring an additional 1,656 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Scholastic by 24.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 434,357 shares of the company's stock valued at $9,265,000 after acquiring an additional 85,882 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Scholastic by 46.7% in the 4th quarter. Deutsche Bank AG now owns 23,330 shares of the company's stock valued at $498,000 after acquiring an additional 7,432 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCHL. Wall Street Zen cut shares of Scholastic from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. B. Riley began coverage on shares of Scholastic in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price objective for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $37.00.

Scholastic Trading Up 0.5%

Shares of NASDAQ:SCHL traded up $0.15 during trading on Friday, hitting $27.53. 223,105 shares of the company's stock were exchanged, compared to its average volume of 223,708. Scholastic Corporation has a 1-year low of $15.77 and a 1-year high of $34.18. The firm has a 50-day moving average price of $24.47 and a two-hundred day moving average price of $20.74. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. The firm has a market cap of $689.63 million, a P/E ratio of -688.25 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 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 analysts' expectations of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. Equities analysts predict that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given 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 2.9%. Scholastic's payout ratio is currently -2,000.00%.

About Scholastic

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.