Goldman Sachs Group Inc. Lowers Holdings in Scholastic Corporation $SCHL

Goldman Sachs Group Inc. lessened its stake in Scholastic Corporation (NASDAQ:SCHL) by 16.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,539 shares of the company’s stock after selling 37,225 shares during the quarter. Goldman Sachs Group Inc. owned 0.70% of Scholastic worth $3,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of SCHL. Ananym Capital Management LP purchased a new position in Scholastic in the 1st quarter worth about $23,600,000. Jones Financial Companies Lllp raised its position in Scholastic by 245,664.0% in the 1st quarter. Jones Financial Companies Lllp now owns 518,562 shares of the company’s stock worth $9,790,000 after buying an additional 518,351 shares during the last quarter. Bragg Financial Advisors Inc raised its position in Scholastic by 40.6% in the 1st quarter. Bragg Financial Advisors Inc now owns 452,413 shares of the company’s stock worth $8,542,000 after buying an additional 130,572 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Scholastic by 39.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 444,779 shares of the company’s stock worth $8,397,000 after buying an additional 126,260 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Scholastic in the 1st quarter worth about $1,980,000. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Scholastic from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. B. Riley assumed coverage on Scholastic in a research note on Wednesday, September 3rd. They set a “buy” rating and a $37.00 price target for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $37.00.

Scholastic Trading Up 1.2%

Scholastic stock opened at $27.54 on Friday. The stock has a 50-day moving average of $24.92 and a two-hundred day moving average of $20.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.76 and a current ratio of 1.16. Scholastic Corporation has a one year low of $15.77 and a one year high of $34.18. The stock has a market cap of $689.88 million, a PE ratio of -688.50 and a beta of 1.24.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, September 18th. The company reported ($2.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.44) by ($0.08). The firm had revenue of $225.60 million during the quarter, compared to analysts’ expectations of $240.41 million. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%.During the same quarter in the previous year, the business earned ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. On average, research analysts anticipate 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 paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. Scholastic’s payout ratio is currently -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.