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

Shares of Scholastic Corp (SCHL) traded up $0.14 during mid-day trading on Wednesday, hitting $39.16. 110,947 shares of the stock were exchanged, compared to its average volume of 158,826. Scholastic Corp has a 52 week low of $33.51 and a 52 week high of $46.95. The firm has a market cap of $1,370.00, a PE ratio of 85.13 and a beta of 0.78.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $598.30 million during the quarter, compared to analysts’ expectations of $601.40 million. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue was down 4.0% on a year-over-year basis. equities research analysts expect that Scholastic Corp will post 1.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, January 30th. Scholastic’s payout ratio is 130.43%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC grew its holdings in shares of Scholastic by 28.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 489,971 shares of the company’s stock worth $18,227,000 after purchasing an additional 108,156 shares during the last quarter. Magnetar Financial LLC grew its holdings in shares of Scholastic by 240.3% in the 3rd quarter. Magnetar Financial LLC now owns 34,689 shares of the company’s stock worth $1,290,000 after purchasing an additional 24,496 shares during the last quarter. Zuckerman Investment Group LLC grew its holdings in shares of Scholastic by 6.9% in the 3rd quarter. Zuckerman Investment Group LLC now owns 631,913 shares of the company’s stock worth $23,507,000 after purchasing an additional 41,037 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Scholastic by 3.0% in the 3rd quarter. Royce & Associates LP now owns 2,218,324 shares of the company’s stock worth $82,522,000 after purchasing an additional 64,324 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of Scholastic in the 3rd quarter worth about $3,841,000. 79.76% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on SCHL. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. TheStreet upgraded shares of Scholastic from a “c” rating to a “b-” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus increased their price objective on shares of Scholastic from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, December 13th.

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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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