Insider Selling: Scholastic Corp (SCHL) EVP Sells 13,166 Shares of Stock

Scholastic Corp (NASDAQ:SCHL) EVP Judith Newman sold 13,166 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $43.25, for a total transaction of $569,429.50. Following the completion of the sale, the executive vice president now owns 13,984 shares of the company’s stock, valued at approximately $604,808. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Judith Newman also recently made the following trade(s):

  • On Thursday, March 30th, Judith Newman sold 2,008 shares of Scholastic Corp stock. The shares were sold at an average price of $42.11, for a total transaction of $84,556.88.

Scholastic Corp (NASDAQ:SCHL) traded down 0.57% on Friday, hitting $43.75. 126,653 shares of the stock were exchanged. The company has a 50-day moving average of $43.66 and a 200-day moving average of $43.86. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 32.97 and a beta of 0.98. Scholastic Corp has a 12 month low of $35.20 and a 12 month high of $49.38.

Scholastic Corp (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, March 23rd. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.11. The firm earned $336.20 million during the quarter, compared to the consensus estimate of $368 million. Scholastic Corp had a return on equity of 5.71% and a net margin of 2.98%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) earnings per share. On average, equities analysts predict that Scholastic Corp will post $1.68 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, April 28th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. Scholastic Corp’s payout ratio is currently 40.54%.

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Several equities research analysts have commented on SCHL shares. Zacks Investment Research upgraded shares of Scholastic Corp from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Thursday, March 23rd. Stifel Nicolaus decreased their price objective on shares of Scholastic Corp from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Tuesday, March 28th.

Institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in Scholastic Corp by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,220 shares of the company’s stock worth $403,000 after buying an additional 90 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Scholastic Corp by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 676,021 shares of the company’s stock worth $26,608,000 after buying an additional 10,644 shares during the last quarter. Rhumbline Advisers raised its position in Scholastic Corp by 4.1% in the third quarter. Rhumbline Advisers now owns 43,300 shares of the company’s stock worth $1,704,000 after buying an additional 1,690 shares during the last quarter. New York State Common Retirement Fund raised its position in Scholastic Corp by 2.8% in the third quarter. New York State Common Retirement Fund now owns 54,560 shares of the company’s stock worth $2,147,000 after buying an additional 1,500 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Scholastic Corp by 9.1% in the third quarter. BlackRock Fund Advisors now owns 1,920,962 shares of the company’s stock worth $75,609,000 after buying an additional 160,495 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.

Scholastic Corp Company Profile

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.

5 Day Chart for NASDAQ:SCHL

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