Bank of New York Mellon Corp Trims Position in Scholastic Corporation $SCHL

Bank of New York Mellon Corp reduced its holdings in Scholastic Corporation (NASDAQ:SCHL) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,463 shares of the company’s stock after selling 9,828 shares during the period. Bank of New York Mellon Corp owned about 1.39% of Scholastic worth $7,290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHL. Signaturefd LLC lifted its position in Scholastic by 819.5% during the second quarter. Signaturefd LLC now owns 1,223 shares of the company’s stock valued at $26,000 after purchasing an additional 1,090 shares during the period. CWM LLC lifted its holdings in shares of Scholastic by 508.7% in the 1st quarter. CWM LLC now owns 4,194 shares of the company’s stock valued at $79,000 after buying an additional 3,505 shares during the period. US Bancorp DE boosted its stake in shares of Scholastic by 6.2% in the first quarter. US Bancorp DE now owns 11,137 shares of the company’s stock worth $210,000 after buying an additional 654 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Scholastic by 4.8% during the first 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 during the period. Finally, Corton Capital Inc. raised its position in Scholastic by 41.5% during the second quarter. Corton Capital Inc. now owns 14,419 shares of the company’s stock valued at $303,000 after acquiring an additional 4,231 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Analyst Ratings Changes

SCHL has been the topic of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Scholastic in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Scholastic from a “buy” rating to a “hold” rating in a report on Friday, September 5th. B. Riley began coverage on Scholastic in a research report on Wednesday, September 3rd. They set a “buy” rating and a $37.00 target price on the stock. Finally, Zacks Research upgraded Scholastic from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.00.

Scholastic Price Performance

Scholastic stock opened at $28.80 on Friday. The company has a fifty day simple moving average of $28.02 and a 200-day simple moving average of $24.02. The firm has a market capitalization of $724.00 million, a price-to-earnings ratio of -43.64 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 Corporation has a 52-week low of $15.77 and a 52-week high of $29.59.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.08). The business had revenue of $225.60 million for the quarter, compared to analyst estimates of $240.41 million. Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.During the same quarter in the previous year, the firm posted ($2.13) earnings per share. Scholastic has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Scholastic Corporation will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, October 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 31st. Scholastic’s dividend payout ratio (DPR) is currently -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.