Dimensional Fund Advisors LP reduced its stake in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,155,855 shares of the company's stock after selling 116,351 shares during the quarter. Dimensional Fund Advisors LP owned 7.67% of Scholastic worth $45,984,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position in shares of Scholastic by 7.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after purchasing an additional 662 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Scholastic by 1.1% in the fourth quarter. Rhumbline Advisers now owns 81,637 shares of the company's stock worth $1,741,000 after acquiring an additional 860 shares during the last quarter. KBC Group NV raised its holdings in shares of Scholastic by 125.4% in the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock worth $52,000 after acquiring an additional 1,359 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Scholastic by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 19,630 shares of the company's stock valued at $419,000 after acquiring an additional 1,952 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Scholastic by 2.8% during the fourth quarter. Teacher Retirement System of Texas now owns 73,753 shares of the company's stock valued at $1,573,000 after acquiring an additional 2,012 shares during the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.
Scholastic Trading Up 3.6 %
Shares of SCHL stock opened at $19.09 on Friday. Scholastic Co. has a twelve month low of $15.77 and a twelve month high of $38.77. The company has a market capitalization of $536.45 million, a price-to-earnings ratio of -106.05 and a beta of 1.06. The firm has a 50-day moving average price of $18.62 and a 200 day moving average price of $21.38. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.
Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million for the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Research analysts forecast that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.
Scholastic Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a yield of 4.19%. Scholastic's dividend payout ratio (DPR) is presently 133.33%.
About Scholastic
(
Free Report)
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.
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