21,946 Shares in Scholastic Corporation (NASDAQ:SCHL) Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. has invested $414,000 in Scholastic Corporation, purchasing 21,946 shares, which represents approximately 0.08% of the company.
• Scholastic recently reported an EPS of $0.87, exceeding analysts' expectations of $0.85, and had revenue of $508.30 million for the last quarter.
• The company has announced a quarterly dividend of $0.20 per share, with a yield of 3.2%, set to be paid on September 15th to shareholders of record on August 29th.

Victory Capital Management Inc. purchased a new position in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,946 shares of the company's stock, valued at approximately $414,000. Victory Capital Management Inc. owned about 0.08% of Scholastic as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHL. CWM LLC lifted its position in Scholastic by 508.7% during the 1st quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after acquiring an additional 3,505 shares during the period. Peapod Lane Capital LLC acquired a new stake in Scholastic during the 1st quarter worth about $505,000. Bank of New York Mellon Corp lifted its position in Scholastic by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 357,291 shares of the company's stock worth $6,746,000 after acquiring an additional 5,376 shares during the period. Principal Financial Group Inc. lifted its position in Scholastic by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 123,522 shares of the company's stock worth $2,332,000 after acquiring an additional 3,076 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Scholastic by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after buying an additional 1,147 shares during the period. 82.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Scholastic from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

Scholastic Price Performance

Shares of SCHL stock traded up $0.28 during trading hours on Friday, reaching $24.95. The company had a trading volume of 370,646 shares, compared to its average volume of 325,437. 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 stock has a fifty day moving average of $20.70 and a 200-day moving average of $19.54. The company has a market capitalization of $625.00 million, a price-to-earnings ratio of -623.75 and a beta of 1.18. 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 issued its quarterly earnings data on Thursday, July 24th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The company 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%. On average, equities analysts anticipate that Scholastic Corporation will post 0.84 earnings per share for the current 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date 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.