Scholastic (SCHL) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Scholastic (NASDAQ:SCHL) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Scholastic from a hold rating to a sell rating in a report on Wednesday, September 20th. TheStreet raised Scholastic from a c rating to a b- rating in a report on Thursday, December 14th. Finally, Stifel Nicolaus lifted their price target on Scholastic from $38.00 to $41.00 and gave the stock a hold rating in a report on Wednesday, December 13th.

Scholastic (NASDAQ SCHL) opened at $39.12 on Tuesday. The stock has a market capitalization of $1,370.00, a price-to-earnings ratio of 85.04 and a beta of 0.78. Scholastic has a fifty-two week low of $33.51 and a fifty-two week high of $46.98.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.17. The firm had revenue of $598.30 million during the quarter, compared to analyst estimates of $601.40 million. Scholastic had a return on equity of 3.41% and a net margin of 1.07%. Scholastic’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.92 earnings per share. analysts expect that Scholastic will post 1.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Tuesday, January 30th. Scholastic’s dividend payout ratio (DPR) is 130.43%.

In other Scholastic news, CEO Richard Robinson sold 3,500 shares of Scholastic stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $40.33, for a total transaction of $141,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alan J. Boyko sold 2,673 shares of Scholastic stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $42.05, for a total value of $112,399.65. Following the sale, the insider now directly owns 39,548 shares of the company’s stock, valued at $1,662,993.40. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock valued at $1,095,638 over the last ninety days. 22.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Investors Inc. PA purchased a new stake in Scholastic during the 2nd quarter worth about $111,000. Quantbot Technologies LP purchased a new stake in shares of Scholastic in the 3rd quarter valued at about $141,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Scholastic by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after purchasing an additional 193 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Scholastic in the 2nd quarter valued at about $211,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Scholastic in the 2nd quarter valued at about $256,000. 79.63% of the stock is owned by institutional investors.

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About Scholastic

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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