Scholastic (NASDAQ:SCHL) Director Andres Alonso Sells 2,112 Shares of Stock

Scholastic Corporation (NASDAQ:SCHL) Director Andres Alonso sold 2,112 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $40.28, for a total value of $85,071.36. Following the completion of the sale, the director owned 21,189 shares of the company’s stock, valued at approximately $853,492.92. This represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Scholastic Stock Performance

Shares of Scholastic stock opened at $39.11 on Friday. The firm’s fifty day simple moving average is $43.42 and its 200-day simple moving average is $40.16. The stock has a market capitalization of $737.61 million, a price-to-earnings ratio of 16.71, a PEG ratio of 1.92 and a beta of 1.01. Scholastic Corporation has a 12 month low of $22.68 and a 12 month high of $48.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 0.78.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.16 by $0.03. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. The firm had revenue of $476.10 million during the quarter, compared to the consensus estimate of $517.06 million. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, equities analysts forecast that Scholastic Corporation will post 1.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Weiss Ratings cut Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, B. Riley Financial lifted their target price on Scholastic from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $42.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SCHL. OMERS ADMINISTRATION Corp acquired a new position in Scholastic during the 1st quarter worth approximately $1,164,000. Principal Financial Group Inc. boosted its stake in shares of Scholastic by 62.1% in the first quarter. Principal Financial Group Inc. now owns 174,539 shares of the company’s stock valued at $6,817,000 after buying an additional 66,890 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Scholastic during the first quarter worth $1,352,000. Caxton Associates LLP grew its holdings in Scholastic by 248.3% during the first quarter. Caxton Associates LLP now owns 40,079 shares of the company’s stock worth $1,565,000 after acquiring an additional 28,571 shares during the period. Finally, Salzhauer Michael acquired a new stake in Scholastic in the fourth quarter valued at $524,000. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.