Invesco Ltd. Has $5.67 Million Holdings in Scholastic Corporation $SCHL

Key Points

• Invesco Ltd. reduced its holdings in Scholastic Corporation (SCHL) by 5.6%, now owning 300,063 shares valued at approximately $5.67 million.
• Scholastic recently experienced a stock rating upgrade from a "hold" to a "buy" by Wall Street analysts, indicating positive growth expectations.
• The company declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 3.1%, with record holders set for payment on September 15th.

Invesco Ltd. lessened its stake in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,063 shares of the company's stock after selling 17,912 shares during the period. Invesco Ltd. owned 1.07% of Scholastic worth $5,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHL. Lazard Asset Management LLC bought a new stake in shares of Scholastic during the 4th quarter valued at $33,000. GAMMA Investing LLC raised its position in shares of Scholastic by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after acquiring an additional 1,147 shares during the last quarter. CWM LLC raised its position in shares of Scholastic by 508.7% during the 1st quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after acquiring an additional 3,505 shares during the last quarter. US Bancorp DE raised its position in shares of Scholastic by 6.2% during the 1st quarter. US Bancorp DE now owns 11,137 shares of the company's stock valued at $210,000 after acquiring an additional 654 shares during the last quarter. Finally, BOKF NA raised its position in shares of Scholastic by 17.7% during 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 during the last quarter. Institutional investors own 82.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Scholastic from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd.

Scholastic Trading Down 1.9%

Shares of SCHL stock traded down $0.49 on Monday, hitting $25.66. The stock had a trading volume of 175,887 shares, compared to its average volume of 235,168. Scholastic Corporation has a twelve month low of $15.77 and a twelve month high of $34.18. The firm has a market cap of $642.78 million, a P/E ratio of -641.50 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 company has a fifty day moving average price of $23.56 and a two-hundred day moving average price of $20.36.

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, beating 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 analyst estimates of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. As a group, analysts forecast that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 3.1%. Scholastic's payout ratio is -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.