Scholastic Corp (NASDAQ:SCHL) EVP Judith Newman sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the sale, the executive vice president now directly owns 17,269 shares in the company, valued at approximately $679,707.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Scholastic Corp (NASDAQ:SCHL) traded up $0.14 during trading hours on Wednesday, reaching $39.16. 110,947 shares of the company’s stock were exchanged, compared to its average volume of 158,826. Scholastic Corp has a 12-month low of $33.51 and a 12-month high of $46.95. The company has a market cap of $1,370.00, a price-to-earnings ratio of 85.13 and a beta of 0.78.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 14th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The firm had revenue of $598.30 million for the quarter, compared to analyst estimates of $601.40 million. During the same quarter in the prior year, the firm earned $1.92 EPS. The company’s revenue was down 4.0% on a year-over-year basis. analysts predict that Scholastic Corp will post 1.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, January 30th. Scholastic’s dividend payout ratio is currently 130.43%.

SCHL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Scholastic from a “hold” rating to a “sell” rating in a report on Friday, December 15th. BidaskClub lowered shares of Scholastic from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a report on Thursday, September 21st. Finally, TheStreet raised shares of Scholastic from a “c” rating to a “b-” rating in a report on Thursday, December 14th.

A number of large investors have recently modified their holdings of SCHL. Schwab Charles Investment Management Inc. grew its holdings in Scholastic by 16.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 252,982 shares of the company’s stock worth $11,028,000 after acquiring an additional 34,851 shares during the last quarter. Legal & General Group Plc grew its holdings in Scholastic by 10.6% during the 2nd quarter. Legal & General Group Plc now owns 54,349 shares of the company’s stock worth $2,370,000 after acquiring an additional 5,205 shares during the last quarter. Federated Investors Inc. PA bought a new stake in Scholastic during the 2nd quarter worth about $111,000. Principal Financial Group Inc. grew its holdings in Scholastic by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 212,355 shares of the company’s stock worth $9,257,000 after acquiring an additional 2,667 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Scholastic by 14.2% during the 2nd quarter. Swiss National Bank now owns 49,200 shares of the company’s stock worth $2,145,000 after acquiring an additional 6,100 shares during the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Scholastic

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

Insider Buying and Selling by Quarter for Scholastic (NASDAQ:SCHL)

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