Swiss National Bank Has $899,000 Stock Position in Scholastic Corporation $SCHL

Swiss National Bank lowered its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,600 shares of the company’s stock after selling 800 shares during the quarter. Swiss National Bank owned 0.17% of Scholastic worth $899,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SCHL. Wells Fargo & Company MN boosted its position in Scholastic by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 19,630 shares of the company’s stock worth $419,000 after acquiring an additional 1,952 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in Scholastic by 13.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company’s stock worth $349,000 after acquiring an additional 1,902 shares during the last quarter. Northern Trust Corp boosted its position in Scholastic by 12.1% during the 4th quarter. Northern Trust Corp now owns 401,755 shares of the company’s stock worth $8,569,000 after acquiring an additional 43,501 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Scholastic during the 4th quarter worth approximately $404,000. Finally, BOKF NA boosted its position in Scholastic by 17.7% during the 4th quarter. BOKF NA now owns 10,987 shares of the company’s stock worth $234,000 after acquiring an additional 1,656 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Trading Down 1.3%

Shares of Scholastic stock opened at $25.53 on Wednesday. Scholastic Corporation has a 12-month low of $15.77 and a 12-month high of $34.18. The business’s 50 day moving average is $23.15 and its 200-day moving average is $20.23. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The stock has a market cap of $639.53 million, a P/E ratio of -638.25 and a beta of 1.18.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%.The business had revenue of $508.30 million for the quarter, compared to analysts’ expectations of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. Equities research analysts predict that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 29th. Scholastic’s dividend payout ratio is -2,000.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Scholastic from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd.

About Scholastic

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.