New York State Teachers Retirement System Decreases Stake in Scholastic Corporation $SCHL

New York State Teachers Retirement System cut its stake in shares of Scholastic Corporation (NASDAQ:SCHL) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 40,548 shares of the company’s stock after selling 1,852 shares during the period. New York State Teachers Retirement System’s holdings in Scholastic were worth $851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Scholastic by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company’s stock worth $262,000 after acquiring an additional 630 shares in the last quarter. US Bancorp DE lifted its position in Scholastic by 6.2% during the 1st quarter. US Bancorp DE now owns 11,137 shares of the company’s stock worth $210,000 after acquiring an additional 654 shares in the last quarter. Signaturefd LLC lifted its position in Scholastic by 819.5% during the 2nd quarter. Signaturefd LLC now owns 1,223 shares of the company’s stock worth $26,000 after acquiring an additional 1,090 shares in the last quarter. GAMMA Investing LLC lifted its position in Scholastic by 182.4% during the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $34,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Scholastic by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 123,522 shares of the company’s stock worth $2,332,000 after acquiring an additional 3,076 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SCHL. B. Riley began 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. Weiss Ratings reissued a “sell (d)” rating on shares of Scholastic in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.00.

Scholastic Stock Performance

Shares of SCHL opened at $28.00 on Thursday. The business’s 50 day moving average is $26.90 and its two-hundred day moving average is $22.26. Scholastic Corporation has a 52-week low of $15.77 and a 52-week high of $29.59. The firm has a market cap of $703.92 million, a price-to-earnings ratio of -42.42 and a beta of 1.24. The company has a quick ratio of 0.65, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company earned ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. Analysts forecast that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, October 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 31st. Scholastic’s payout ratio is -121.21%.

Scholastic Company 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.