Boston Partners increased its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 413,547 shares of the company’s stock after buying an additional 10,302 shares during the quarter. Boston Partners owned about 1.18% of Scholastic Corporation worth $15,384,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Scholastic Corporation by 1.1% during the 2nd quarter. BlackRock Inc. now owns 3,380,237 shares of the company’s stock worth $147,344,000 after buying an additional 35,595 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Scholastic Corporation by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,786,533 shares of the company’s stock worth $121,465,000 after buying an additional 21,650 shares during the last quarter. Royce & Associates LP grew its stake in Scholastic Corporation by 1.9% during the 2nd quarter. Royce & Associates LP now owns 2,154,000 shares of the company’s stock worth $93,893,000 after buying an additional 40,000 shares during the last quarter. Vanguard Group Inc. grew its stake in Scholastic Corporation by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,148,931 shares of the company’s stock worth $93,672,000 after buying an additional 19,222 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Scholastic Corporation by 5.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,007,484 shares of the company’s stock worth $87,506,000 after buying an additional 107,349 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
Scholastic Corporation (NASDAQ SCHL) opened at $37.60 on Wednesday. The stock has a market capitalization of $1,305.67, a P/E ratio of 29.36 and a beta of 0.76. Scholastic Corporation has a 12 month low of $33.51 and a 12 month high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last announced its earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.33). Scholastic Corporation had a net margin of 1.71% and a return on equity of 3.57%. The company had revenue of $189.20 million during the quarter, compared to analysts’ expectations of $208.00 million. During the same quarter last year, the business posted ($1.15) earnings per share. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. analysts forecast that Scholastic Corporation will post 1.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Scholastic Corporation’s dividend payout ratio (DPR) is currently 77.92%.
A number of research firms recently issued reports on SCHL. Zacks Investment Research upgraded Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Friday, July 21st. BidaskClub upgraded Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “hold” rating and set a $44.00 price target on shares of Scholastic Corporation in a research note on Wednesday, August 16th.
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About Scholastic Corporation
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.
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