Scholastic (NASDAQ:SCHL) Sets New 12-Month Low - Should You Sell?

Scholastic Co. (NASDAQ:SCHL - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $17.46 and last traded at $18.03, with a volume of 333224 shares changing hands. The stock had previously closed at $18.09.

Scholastic Stock Up 3.6 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The stock's fifty day simple moving average is $18.62 and its 200-day simple moving average is $21.38. The stock has a market cap of $536.45 million, a P/E ratio of -106.05 and a beta of 1.06.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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 positive return on equity of 1.91% and a negative net margin of 0.27%. On average, research analysts anticipate that Scholastic Co. 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, June 16th. Shareholders of record on Wednesday, April 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic's dividend payout ratio (DPR) is 133.33%.

Institutional Investors Weigh In On Scholastic

A number of hedge funds have recently made changes to their positions in SCHL. J. Goldman & Co LP acquired a new stake in Scholastic in the 4th quarter valued at approximately $18,892,000. Pacer Advisors Inc. raised its stake in shares of Scholastic by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 838,366 shares of the company's stock valued at $17,882,000 after purchasing an additional 16,379 shares in the last quarter. American Century Companies Inc. lifted its holdings in Scholastic by 10.4% in the fourth quarter. American Century Companies Inc. now owns 621,852 shares of the company's stock worth $13,264,000 after purchasing an additional 58,483 shares during the period. Charles Schwab Investment Management Inc. grew its position in Scholastic by 13.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,206 shares of the company's stock valued at $12,120,000 after buying an additional 66,027 shares in the last quarter. Finally, Azarias Capital Management L.P. increased its stake in Scholastic by 71.8% during the 4th quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company's stock valued at $9,978,000 after buying an additional 195,507 shares during the period. Institutional investors own 82.57% of the company's stock.

About Scholastic

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.