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

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHL. Ananym Capital Management LP bought a new stake in Scholastic during the 1st quarter valued at $23,600,000. Bragg Financial Advisors Inc grew its stake in shares of Scholastic by 40.6% in the 1st quarter. Bragg Financial Advisors Inc now owns 452,413 shares of the company's stock worth $8,542,000 after acquiring an additional 130,572 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Scholastic by 39.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 444,779 shares of the company's stock worth $8,397,000 after acquiring an additional 126,260 shares in the last quarter. Nuveen LLC bought a new stake in shares of Scholastic in the 1st quarter worth $1,980,000. Finally, AQR Capital Management LLC grew its stake in shares of Scholastic by 160.5% in the 1st quarter. AQR Capital Management LLC now owns 157,436 shares of the company's stock worth $2,972,000 after acquiring an additional 96,998 shares in the last quarter. Institutional investors own 82.57% of the company's stock.

Scholastic Stock Performance

Shares of NASDAQ:SCHL traded up $0.15 during midday trading on Friday, reaching $27.53. The company had a trading volume of 223,105 shares, compared to its average volume of 223,246. The company's 50 day moving average price is $24.47 and its 200 day moving average price is $20.73. 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 market cap of $689.63 million, a P/E ratio of -688.25 and a beta of 1.24. Scholastic Corporation has a 52-week low of $15.77 and a 52-week high of $34.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.87 earnings per share 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 the consensus estimate of $494.59 million. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. Scholastic has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The business 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. 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, August 29th. Scholastic's payout ratio is -2,000.00%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Scholastic from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. B. Riley assumed coverage on shares of Scholastic in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Scholastic presently has a consensus rating of "Buy" and a consensus price target 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.