Several other brokerages have also issued reports on SCHL. ValuEngine lowered shares of Scholastic from a hold rating to a sell rating in a research note on Friday, June 14th. Zacks Investment Research upgraded shares of Scholastic from a strong sell rating to a buy rating and set a $39.00 price target on the stock in a research note on Thursday, August 1st.
Shares of SCHL stock opened at $39.96 on Friday. Scholastic has a 1 year low of $31.38 and a 1 year high of $47.94. The firm’s fifty day moving average price is $35.59 and its two-hundred day moving average price is $36.61. The firm has a market capitalization of $1.32 billion, a P/E ratio of 37.00 and a beta of 0.84.
The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a yield of 1.6%. Scholastic’s payout ratio is currently 55.56%.
A number of hedge funds have recently modified their holdings of SCHL. Nuveen Asset Management LLC acquired a new position in shares of Scholastic during the 2nd quarter worth about $4,770,000. Kennedy Capital Management Inc. acquired a new position in Scholastic in the 1st quarter valued at about $5,406,000. Lazard Asset Management LLC grew its stake in Scholastic by 38.5% in the 1st quarter. Lazard Asset Management LLC now owns 258,030 shares of the company’s stock valued at $10,259,000 after buying an additional 71,763 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Scholastic by 302.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 68,901 shares of the company’s stock valued at $2,290,000 after buying an additional 51,793 shares during the last quarter. Finally, Zuckerman Investment Group LLC grew its stake in Scholastic by 7.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 699,675 shares of the company’s stock valued at $23,257,000 after buying an additional 49,319 shares during the last quarter. Hedge funds and other institutional investors own 79.02% of the company’s stock.
Scholastic Company Profile
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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