Insider Selling: Mae Jemison Sells 287 Shares of Scholastic Corp. Stock (SCHL)
Scholastic Corp. (NASDAQ:SCHL) Director Mae Jemison sold 287 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $36.20, for a total transaction of $10,389.40. Following the sale, the director now directly owns 7,235 shares of the company’s stock, valued at approximately $261,907. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SCHL. Analysts at Zacks upgraded shares of Scholastic Corp. from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $37.40 price target on the stock.
Scholastic Corp. (NASDAQ:SCHL) traded up 0.03% during mid-day trading on Friday, hitting $35.43. The stock had a trading volume of 167,611 shares. Scholastic Corp. has a 1-year low of $27.40 and a 1-year high of $36.74. The stock’s 50-day moving average is $33.87 and its 200-day moving average is $33.5. The company has a market cap of $1.143 billion and a price-to-earnings ratio of 25.99.
Scholastic Corp. (NASDAQ:SCHL) last announced its earnings results on Thursday, July 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.33. The company had revenue of $549.30 million for the quarter, compared to the consensus estimate of $516.00 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Scholastic Corp. will post $2.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 27th.
Scholastic Corporation (NASDAQ:SCHL) together with its subsidiaries is a global children’s publishing, education and media company.
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