VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.37 Million in Scholastic Corporation $SCHL

Key Points

• Virginia Retirement Systems acquired 29,847 Scholastic shares valued at approximately $1.37 million, while institutional investors collectively own 82.57% of the company.
• Scholastic’s latest quarter exceeded earnings expectations with $2.19 in EPS versus $2.16 forecast, but revenue of $476.1 million fell short of the $517.1 million estimate.
• SCHL recently traded at $35.01, down 0.7%, and analysts maintain a cautious outlook with an average “Reduce” rating and a $42 consensus price target; insiders have sold nearly $11.7 million in shares over the past 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Scholastic Corporation (NASDAQ:SCHL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,847 shares of the company's stock, valued at approximately $1,373,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.16% of Scholastic as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SCHL. California State Teachers Retirement System boosted its holdings in Scholastic by 4,326.9% in the second quarter. California State Teachers Retirement System now owns 871,608 shares of the company's stock worth $40,094,000 after acquiring an additional 851,919 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Scholastic during the second quarter valued at $235,000. BTG Pactual Asset Management US LLC bought a new position in shares of Scholastic during the second quarter valued at $333,000. Hennessy Advisors Inc. purchased a new stake in Scholastic during the 2nd quarter valued at about $10,442,000. Finally, Hsbc Holdings PLC bought a new stake in Scholastic during the 2nd quarter valued at about $1,236,000. Hedge funds and other institutional investors own 82.57% of the company's stock.

Insider Activity at Scholastic

In other Scholastic news, Director Kaya Henderson sold 3,250 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $40.25, for a total transaction of $130,812.50. Following the completion of the sale, the director directly owned 7,113 shares of the company's stock, valued at approximately $286,298.25. This represents a 31.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andres A. Alonso sold 2,112 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $40.28, for a total transaction of $85,071.36. Following the completion of the transaction, the director owned 21,189 shares in the company, valued at $853,492.92. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 294,986 shares of company stock worth $11,731,334. 12.77% of the stock is owned by company insiders.

Scholastic Stock Down 0.7%

SCHL stock opened at $35.01 on Friday. The company has a market cap of $660.29 million, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 1.23. The business's 50-day moving average is $41.68 and its two-hundred day moving average is $40.36. Scholastic Corporation has a fifty-two week low of $22.68 and a fifty-two week high of $48.07.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.16 by $0.03. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. The firm had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, analysts forecast that Scholastic Corporation will post 1.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. B. Riley Financial increased their price target on shares of Scholastic from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Scholastic from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Finally, Zacks Research downgraded Scholastic from a "hold" rating to a "strong sell" rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $42.00.

Trending Headlines about Scholastic

Here are the key news stories impacting Scholastic this week:

• Positive Sentiment: Sidoti modestly raised its FY2027 EPS forecast to $1.46 from $1.44 and its FY2028 forecast to $2.67 from $2.64. The firm also increased Q4 2027 EPS to $2.29 from $2.27 and Q4 2028 EPS to $2.92 from $2.89, indicating somewhat better longer-term profitability expectations.
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the figures appear inconsistent with normal short-interest reporting, they provide little meaningful signal for SCHL investors.
• Negative Sentiment: Sidoti lowered its EPS forecasts for several nearer-term periods, including Q1 2027 to a loss of $3.15 per share from $3.11, Q3 2027 to a loss of $0.84 from $0.83, and Q1 2028 to a loss of $3.34 from $3.31. These cuts may reinforce concerns about seasonal weakness and near-term earnings volatility.

Scholastic Company Profile

Scholastic Corporation NASDAQ: SCHL is a global company dedicated to children's publishing, education technology and distribution services. The company's core business encompasses three primary segments: Children's Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children's books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.

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