Teacher Retirement System of Texas Increases Stock Position in Scholastic Corporation $SCHL

Teacher Retirement System of Texas raised its position in Scholastic Corporation (NASDAQ:SCHL) by 162.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,900 shares of the company’s stock after buying an additional 28,390 shares during the period. Teacher Retirement System of Texas owned about 0.18% of Scholastic worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SCHL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Scholastic by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock valued at $262,000 after acquiring an additional 630 shares during the period. GAMMA Investing LLC boosted its position in Scholastic by 63.1% during the third quarter. GAMMA Investing LLC now owns 2,540 shares of the company’s stock worth $70,000 after purchasing an additional 983 shares in the last quarter. Signaturefd LLC grew its holdings in Scholastic by 819.5% in the second quarter. Signaturefd LLC now owns 1,223 shares of the company’s stock valued at $26,000 after purchasing an additional 1,090 shares during the period. Strs Ohio increased its position in shares of Scholastic by 5.0% in the third quarter. Strs Ohio now owns 25,000 shares of the company’s stock valued at $684,000 after buying an additional 1,200 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Scholastic by 1.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 80,195 shares of the company’s stock worth $1,682,000 after buying an additional 1,509 shares during the period. 82.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Scholastic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings raised shares of Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Scholastic presently has a consensus rating of “Hold” and an average price target of $37.00.

Scholastic Trading Down 1.6%

Shares of SCHL stock opened at $34.97 on Monday. Scholastic Corporation has a fifty-two week low of $15.77 and a fifty-two week high of $35.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 1.67. The stock’s fifty day moving average is $30.99 and its two-hundred day moving average is $28.18. The firm has a market capitalization of $889.64 million, a P/E ratio of -174.85 and a beta of 1.19.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, December 18th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.10. The business had revenue of $551.10 million during the quarter, compared to analyst estimates of $556.72 million. Scholastic had a negative net margin of 0.21% and a positive return on equity of 2.66%. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Research analysts expect that Scholastic Corporation 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, March 16th. Shareholders of record on Friday, January 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, January 30th. Scholastic’s dividend payout ratio (DPR) is -400.00%.

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.