VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 32,946 Scholastic Corporation $SCHL

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Scholastic Corporation (NASDAQ:SCHL) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 32,946 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peapod Lane Capital LLC acquired a new stake in Scholastic during the first quarter valued at approximately $505,000. GAMMA Investing LLC raised its stake in Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock valued at $34,000 after buying an additional 1,147 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Scholastic during the first quarter valued at approximately $414,000. Ananym Capital Management LP acquired a new stake in Scholastic during the first quarter valued at approximately $23,600,000. Finally, Allianz Asset Management GmbH raised its position in shares of Scholastic by 21.6% during the 1st quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company’s stock worth $4,802,000 after purchasing an additional 45,253 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Up 1.3%

SCHL opened at $29.24 on Friday. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $29.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.65. The stock has a market cap of $735.06 million, a P/E ratio of -44.30 and a beta of 1.24. The stock’s 50 day moving average price is $27.02 and its 200 day moving average price is $22.43.

Scholastic (NASDAQ:SCHL) last posted its earnings results on Thursday, September 18th. The company reported ($2.52) EPS for the quarter, missing the consensus estimate of ($2.44) by ($0.08). Scholastic had a negative net margin of 0.65% and a positive return on equity of 1.10%. The business had revenue of $225.60 million during the quarter, compared to analyst estimates of $240.41 million. During the same quarter in the prior year, the business earned ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. As a group, research analysts predict that Scholastic Corporation will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, October 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 31st. Scholastic’s dividend payout ratio (DPR) is currently -121.21%.

Analyst Upgrades and Downgrades

SCHL has been the topic of a number of research reports. Wall Street Zen cut Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Scholastic in a research report on Wednesday, October 8th. Finally, B. Riley initiated coverage on Scholastic in a research report on Wednesday, September 3rd. They set a “buy” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.00.

Scholastic Profile

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 print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.