Scholastic Corporation $SCHL Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its holdings in Scholastic Corporation (NASDAQ:SCHL) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,063 shares of the company’s stock after selling 17,912 shares during the quarter. Invesco Ltd. owned 1.07% of Scholastic worth $5,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHL. Lazard Asset Management LLC acquired a new stake in shares of Scholastic in the fourth quarter worth $33,000. GAMMA Investing LLC grew 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 purchasing an additional 1,147 shares during the period. CWM LLC grew its position in Scholastic by 508.7% during the 1st quarter. CWM LLC now owns 4,194 shares of the company’s stock worth $79,000 after purchasing an additional 3,505 shares during the period. US Bancorp DE grew 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 purchasing an additional 654 shares during the period. Finally, BOKF NA grew 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 purchasing an additional 1,656 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Scholastic Stock Up 1.3%

Shares of SCHL opened at $25.87 on Thursday. The stock’s 50 day moving average is $23.29 and its two-hundred day moving average is $20.27. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $34.18. The firm has a market cap of $648.04 million, a P/E ratio of -646.75 and a beta of 1.18. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. The firm 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. Analysts predict that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.20 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. Scholastic’s dividend payout ratio (DPR) is -2,000.00%.

Scholastic 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.