Scholastic Co. (NASDAQ:SCHL - Get Free Report) EVP Iole Lucchese sold 400,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $33.51, for a total transaction of $13,404,000.00. Following the completion of the transaction, the executive vice president now directly owns 579,247 shares of the company's stock, valued at approximately $19,410,566.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Scholastic Price Performance
Shares of NASDAQ SCHL opened at $35.68 on Friday. The company has a 50 day simple moving average of $37.70 and a 200 day simple moving average of $38.06. Scholastic Co. has a 1 year low of $32.50 and a 1 year high of $45.98. The firm has a market cap of $1.02 billion, a PE ratio of 24.61 and a beta of 1.05.
Scholastic (NASDAQ:SCHL - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.80). Scholastic had a net margin of 3.16% and a return on equity of 5.57%. The firm had revenue of $323.70 million during the quarter, compared to the consensus estimate of $329.21 million. During the same quarter last year, the firm earned ($0.57) earnings per share. As a group, research analysts anticipate that Scholastic Co. will post 2.01 earnings per share for the current fiscal year.
Scholastic Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, April 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.24%. Scholastic's payout ratio is 55.17%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Scholastic from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd.
Get Our Latest Analysis on Scholastic
Hedge Funds Weigh In On Scholastic
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Scholastic by 1.9% in the third quarter. BlackRock Inc. now owns 4,957,880 shares of the company's stock worth $152,503,000 after purchasing an additional 94,171 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Scholastic by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,270,918 shares of the company's stock valued at $168,530,000 after acquiring an additional 27,184 shares during the period. Vanguard Group Inc. boosted its stake in Scholastic by 21.4% during the third quarter. Vanguard Group Inc. now owns 2,934,477 shares of the company's stock worth $90,265,000 after acquiring an additional 516,720 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Scholastic by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,337,229 shares of the company's stock worth $94,145,000 after purchasing an additional 22,518 shares during the period. Finally, State Street Corp increased its stake in Scholastic by 0.4% in the first quarter. State Street Corp now owns 1,115,974 shares of the company's stock valued at $38,189,000 after purchasing an additional 4,265 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.
Scholastic Company Profile
(
Get Free Report)
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.
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