Trexquant Investment LP Boosts Stock Position in Scholastic Corporation $SCHL

Key Points

• Trexquant Investment LP increased its holdings in Scholastic Corporation by 86.8% during the first quarter, bringing their total shares to 70,043 and a value of approximately $1.32 million.
• Scholastic reported earnings of $0.87 per share in its latest quarter, exceeding expectations, with revenues of $508.30 million, surpassing the consensus estimate of $494.59 million.
• The company announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 3.1% for shareholders of record.

Trexquant Investment LP raised its position in Scholastic Corporation (NASDAQ:SCHL - Free Report) by 86.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 70,043 shares of the company's stock after acquiring an additional 32,540 shares during the period. Trexquant Investment LP owned approximately 0.25% of Scholastic worth $1,322,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. J. Goldman & Co LP acquired a new stake in Scholastic in the fourth quarter valued at approximately $18,892,000. American Century Companies Inc. grew its stake in Scholastic by 8.6% in the first quarter. American Century Companies Inc. now owns 675,583 shares of the company's stock valued at $12,755,000 after acquiring an additional 53,731 shares during the period. 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. Bragg Financial Advisors Inc lifted its holdings in shares of Scholastic by 40.6% in the first quarter. Bragg Financial Advisors Inc now owns 452,413 shares of the company's stock valued at $8,542,000 after purchasing an additional 130,572 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Scholastic by 24.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 434,357 shares of the company's stock valued at $9,265,000 after purchasing an additional 85,882 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Trading Up 4.1%

Shares of NASDAQ SCHL traded up $1.09 during midday trading on Thursday, reaching $27.38. The company had a trading volume of 432,840 shares, compared to its average volume of 214,581. The firm's fifty day moving average price is $24.36 and its 200-day moving average price is $20.70. The stock has a market cap of $685.87 million, a PE ratio of -684.50 and a beta of 1.24. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. Scholastic Corporation has a one year low of $15.77 and a one year high of $34.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates 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. On average, equities research analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

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

Analysts Set New Price Targets

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

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.