Scholastic Corporation $SCHL Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 39.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,779 shares of the company's stock after acquiring 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 institutional investors also recently made changes to their positions in SCHL. Lazard Asset Management LLC acquired a new position in shares of Scholastic in the fourth quarter worth $33,000. GAMMA Investing LLC raised 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 worth $34,000 after acquiring an additional 1,147 shares during the last quarter. CWM LLC raised its holdings in shares of Scholastic by 508.7% in the first quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after acquiring an additional 3,505 shares during the last quarter. US Bancorp DE raised its holdings in shares of Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company's stock worth $210,000 after acquiring an additional 654 shares during the last quarter. Finally, BOKF NA raised its holdings in shares of Scholastic by 17.7% in 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 last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.

Scholastic Trading Up 0.5%

NASDAQ:SCHL traded up $0.15 on Friday, hitting $27.53. 223,105 shares of the stock were exchanged, compared to its average volume of 223,708. The stock has a market cap of $689.63 million, a PE ratio of -688.25 and a beta of 1.24. 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 stock has a fifty day moving average of $24.47 and a 200-day moving average of $20.74. Scholastic Corporation has a fifty-two week low of $15.77 and a fifty-two week high of $34.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced 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 positive return on equity of 1.39% and a negative net margin of 0.12%.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. As a group, equities analysts expect that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. Scholastic's dividend payout ratio is currently -2,000.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCHL. B. Riley began coverage on Scholastic in a report on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price target for the company. Wall Street Zen lowered 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 data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price 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.