Insider Selling: Scholastic Corp (SCHL) EVP Sells 13,166 Shares of Stock

Scholastic Corp (NASDAQ:SCHL) EVP Judith Newman sold 13,166 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $43.25, for a total transaction of $569,429.50. Following the completion of the transaction, the executive vice president now owns 13,984 shares of the company’s stock, valued at $604,808. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Judith Newman also recently made the following trade(s):

  • On Thursday, March 30th, Judith Newman sold 2,008 shares of Scholastic Corp stock. The stock was sold at an average price of $42.11, for a total transaction of $84,556.88.

Shares of Scholastic Corp (NASDAQ:SCHL) traded down 0.57% during trading on Friday, hitting $43.75. 126,653 shares of the company were exchanged. Scholastic Corp has a 12 month low of $35.20 and a 12 month high of $49.38. The firm’s 50-day moving average price is $43.66 and its 200 day moving average price is $43.86. The firm has a market capitalization of $1.52 billion, a PE ratio of 32.97 and a beta of 0.98.

Scholastic Corp (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, March 23rd. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.11. The firm had revenue of $336.20 million for the quarter, compared to analyst estimates of $368 million. Scholastic Corp had a net margin of 2.98% and a return on equity of 5.71%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS. On average, equities research analysts expect that Scholastic Corp will post $1.68 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Scholastic Corp (NASDAQ:SCHL)

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, April 28th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, April 26th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Scholastic Corp’s payout ratio is 40.54%.

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A number of equities analysts recently weighed in on SCHL shares. Zacks Investment Research upgraded shares of Scholastic Corp from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, March 23rd. Stifel Nicolaus dropped their target price on shares of Scholastic Corp from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Tuesday, March 28th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Scholastic Corp during the fourth quarter valued at $19,316,000. Peregrine Capital Management LLC purchased a new position in shares of Scholastic Corp during the third quarter valued at $8,153,000. BlackRock Fund Advisors boosted its position in shares of Scholastic Corp by 9.1% in the third quarter. BlackRock Fund Advisors now owns 1,920,962 shares of the company’s stock valued at $75,609,000 after buying an additional 160,495 shares during the last quarter. State Street Corp boosted its position in shares of Scholastic Corp by 15.6% in the fourth quarter. State Street Corp now owns 654,891 shares of the company’s stock valued at $31,102,000 after buying an additional 88,492 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Scholastic Corp during the fourth quarter valued at $3,540,000. 80.34% of the stock is currently owned by hedge funds and other institutional investors.

About Scholastic Corp

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.

5 Day Chart for NASDAQ:SCHL

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