Other research analysts have also issued reports about the company. Zacks Investment Research lowered Scholastic from a strong-buy rating to a sell rating in a research report on Saturday, September 28th. ValuEngine lowered Scholastic from a buy rating to a hold rating in a research report on Friday, November 1st.
Shares of NASDAQ SCHL traded down $0.31 during mid-day trading on Wednesday, hitting $35.59. 108,100 shares of the company traded hands, compared to its average volume of 150,031. Scholastic has a 1 year low of $31.38 and a 1 year high of $46.67. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 32.95 and a beta of 0.82. The company has a quick ratio of 0.86, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $37.48 and a two-hundred day moving average of $35.81.
The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be given a dividend of $0.15 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, October 30th. Scholastic’s payout ratio is 55.56%.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Scholastic by 0.5% during the second quarter. BlackRock Inc. now owns 4,187,977 shares of the company’s stock valued at $139,209,000 after buying an additional 19,057 shares during the period. Northern Trust Corp raised its position in Scholastic by 1.3% during the second quarter. Northern Trust Corp now owns 1,219,831 shares of the company’s stock valued at $40,547,000 after buying an additional 15,771 shares during the period. Bank of New York Mellon Corp raised its position in Scholastic by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 864,583 shares of the company’s stock valued at $28,739,000 after buying an additional 36,151 shares during the period. Zuckerman Investment Group LLC increased its position in Scholastic by 7.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 699,675 shares of the company’s stock worth $23,257,000 after purchasing an additional 49,319 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Scholastic by 1.8% in the 2nd quarter. Acadian Asset Management LLC now owns 668,650 shares of the company’s stock worth $22,225,000 after purchasing an additional 11,682 shares during the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Story: What Factors Can Affect Return on Equity?
Receive News & Ratings for Scholastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic and related companies with MarketBeat.com's FREE daily email newsletter.