Nuveen LLC Makes New Investment in Scholastic Corporation $SCHL

Key Points

• Nuveen LLC has acquired a new stake in Scholastic Corporation, purchasing 104,855 shares valued at approximately $1,980,000, which accounts for 0.37% of the company.
• Wall Street analysts have upgraded Scholastic from a "hold" to a "buy" rating, indicating positive growth prospects for the company.
• Scholastic announced a quarterly dividend of $0.20, representing a yield of 3.1% with an ex-dividend date of August 29th.

Nuveen LLC bought a new position in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 104,855 shares of the company's stock, valued at approximately $1,980,000. Nuveen LLC owned about 0.37% of Scholastic at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Scholastic by 12.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 637,928 shares of the company's stock valued at $12,044,000 after purchasing an additional 69,722 shares in 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 valued at $210,000 after purchasing an additional 654 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Scholastic in the first quarter worth $347,000. Allianz Asset Management GmbH increased its stake in Scholastic by 21.6% in the 1st quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company's stock valued at $4,802,000 after buying an additional 45,253 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Scholastic during the 1st quarter worth about $414,000. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SCHL shares. Wall Street Zen raised Scholastic from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. B. Riley began coverage on Scholastic in a research report on Wednesday. They set a "buy" rating and a $37.00 price target on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $37.00.

Scholastic Price Performance

NASDAQ:SCHL traded down $0.23 during mid-day trading on Wednesday, reaching $25.05. The stock had a trading volume of 125,510 shares, compared to its average volume of 332,855. The stock has a 50-day simple moving average of $23.71 and a two-hundred day simple moving average of $20.43. The stock has a market capitalization of $627.50 million, a PE ratio of -628.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.76. Scholastic Corporation has a 12 month low of $15.77 and a 12 month 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 earnings per share (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 the consensus estimate of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. Scholastic's dividend payout ratio is presently -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.