Andres Alonso Sells 2,112 Shares of Scholastic (NASDAQ:SCHL) Stock

Scholastic Corporation (NASDAQ:SCHL) Director Andres Alonso sold 2,112 shares of the business’s stock in a transaction dated 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 directly owned 21,189 shares of the company’s stock, valued at approximately $853,492.92. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Scholastic Price Performance

Shares of SCHL stock opened at $38.96 on Friday. Scholastic Corporation has a 1 year low of $22.68 and a 1 year high of $48.07. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $43.34 and its 200-day moving average is $40.15. The firm has a market capitalization of $734.79 million, a price-to-earnings ratio of 16.65, a PEG ratio of 1.88 and a beta of 1.01.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.03. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. The business had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. During the same quarter last year, the business posted $0.59 earnings per share. Sell-side analysts forecast that Scholastic Corporation will post 1.6 EPS for the current fiscal year.

Institutional Trading of Scholastic

Institutional investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new position in shares of Scholastic in the 1st quarter valued at $1,164,000. Principal Financial Group Inc. grew its stake in shares of Scholastic by 62.1% during the first quarter. Principal Financial Group Inc. now owns 174,539 shares of the company’s stock worth $6,817,000 after purchasing an additional 66,890 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Scholastic during the first quarter worth $1,352,000. Caxton Associates LLP increased its holdings in Scholastic by 248.3% in the first quarter. Caxton Associates LLP now owns 40,079 shares of the company’s stock valued at $1,565,000 after purchasing an additional 28,571 shares during the last quarter. Finally, Salzhauer Michael acquired a new position in Scholastic in the fourth quarter valued at about $524,000. Institutional investors and hedge funds own 82.57% of the company’s stock.

Wall Street Analyst Weigh In

SCHL has been the subject of a number of recent research reports. B. Riley Financial boosted their target price on Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings lowered Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Scholastic currently has an average rating of “Reduce” and an average target price of $42.00.

About Scholastic

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.