Jones Financial Companies Lllp Has $9.79 Million Position in Scholastic Corporation $SCHL

Key Points

• Jones Financial Companies Lllp increased its stake in Scholastic Corporation by 245,664.0%, owning approximately 1.85% of the company valued at around $9.79 million.
• Scholastic recently reported quarterly earnings of $0.87 per share, exceeding estimates, and declared a quarterly dividend of $0.20 per share with a yield of 3.0%.
• Analysts have mixed views on Scholastic's stock, with one lowering its rating to "hold," while others maintain a "buy" rating with a price target of $37.00.

Jones Financial Companies Lllp grew its position in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 245,664.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 518,562 shares of the company's stock after purchasing an additional 518,351 shares during the quarter. Jones Financial Companies Lllp owned about 1.85% of Scholastic worth $9,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Scholastic in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC grew its position in 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 buying an additional 1,147 shares in the last quarter. CWM LLC grew its position in Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after buying an additional 3,505 shares in the last quarter. US Bancorp DE grew its position in 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 buying an additional 654 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Scholastic by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company's stock worth $262,000 after buying an additional 630 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Wall Street Analyst Weigh In

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

Scholastic Price Performance

Shares of SCHL traded up $0.15 during trading hours on Friday, reaching $27.53. The stock had a trading volume of 223,105 shares, compared to its average volume of 223,708. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $34.18. The stock has a market capitalization of $689.63 million, a PE ratio of -688.25 and a beta of 1.24. 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's 50-day moving average is $24.47 and its two-hundred day moving average is $20.74.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced 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 business had revenue of $508.30 million during 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. Research analysts expect that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 29th. Scholastic's dividend payout ratio (DPR) is currently -2,000.00%.

Scholastic Company 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.