Scholastic Corp (SCHL) CEO Sells $3,321,694.60 in Stock

Scholastic Corp (NASDAQ:SCHL) CEO Richard Robinson sold 83,860 shares of Scholastic stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $39.61, for a total value of $3,321,694.60. Following the completion of the transaction, the chief executive officer now directly owns 4,382,127 shares in the company, valued at $173,576,050.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Richard Robinson also recently made the following trade(s):

  • On Monday, April 9th, Richard Robinson sold 37,077 shares of Scholastic stock. The stock was sold at an average price of $38.63, for a total value of $1,432,284.51.
  • On Thursday, April 5th, Richard Robinson sold 41,745 shares of Scholastic stock. The stock was sold at an average price of $38.48, for a total value of $1,606,347.60.
  • On Tuesday, April 3rd, Richard Robinson sold 8,769 shares of Scholastic stock. The stock was sold at an average price of $38.46, for a total value of $337,255.74.
  • On Thursday, March 29th, Richard Robinson sold 1,200 shares of Scholastic stock. The stock was sold at an average price of $39.23, for a total value of $47,076.00.

Shares of SCHL stock opened at $40.02 on Friday. The company has a market capitalization of $1,380.33, a PE ratio of 21.90 and a beta of 0.76. Scholastic Corp has a fifty-two week low of $33.51 and a fifty-two week high of $46.59.



Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Wednesday, March 21st. The company reported ($0.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.05. The firm had revenue of $344.70 million for the quarter, compared to analyst estimates of $350.10 million. Scholastic had a positive return on equity of 3.58% and a negative net margin of 1.00%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned ($0.36) EPS. equities research analysts anticipate that Scholastic Corp will post 1.45 earnings per share for the current year.

Scholastic announced that its board has authorized a stock buyback plan on Wednesday, March 21st that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, April 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.50%. Scholastic’s dividend payout ratio is presently 32.79%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHL. Sei Investments Co. boosted its position in shares of Scholastic by 32.0% during the third quarter. Sei Investments Co. now owns 8,661 shares of the company’s stock valued at $322,000 after purchasing an additional 2,102 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Scholastic by 160.2% during the third quarter. JPMorgan Chase & Co. now owns 196,461 shares of the company’s stock valued at $7,277,000 after purchasing an additional 120,967 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Scholastic by 70.6% during the third quarter. Wells Fargo & Company MN now owns 33,179 shares of the company’s stock valued at $1,234,000 after purchasing an additional 13,729 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Scholastic by 3.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 260,720 shares of the company’s stock valued at $9,699,000 after purchasing an additional 7,738 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Scholastic by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,806,160 shares of the company’s stock valued at $104,389,000 after purchasing an additional 19,627 shares in the last quarter. Institutional investors own 83.86% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. BidaskClub lowered Scholastic from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. TheStreet lowered Scholastic from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. Finally, Gabelli reiterated a “buy” rating on shares of Scholastic in a research report on Friday, March 23rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.00.

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Scholastic Company Profile

Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.

Insider Buying and Selling by Quarter for Scholastic (NASDAQ:SCHL)

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