Insider Selling: Scholastic Corp (SCHL) EVP Sells $81,920.00 in Stock

Scholastic Corp (NASDAQ:SCHL) EVP Andrews S. Hedden sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $40.96, for a total value of $81,920.00. Following the completion of the transaction, the executive vice president now owns 42,592 shares of the company’s stock, valued at approximately $1,744,568.32. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ:SCHL opened at $41.49 on Friday. Scholastic Corp has a 52-week low of $33.85 and a 52-week high of $47.94. The stock has a market capitalization of $1.47 billion, a P/E ratio of 27.87 and a beta of 0.82.

Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 20th. The company reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.16 by ($0.07). Scholastic had a net margin of 0.72% and a return on equity of 4.36%. The firm had revenue of $604.70 million during the quarter, compared to analyst estimates of $602.20 million. During the same quarter last year, the business posted ($1.81) earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts predict that Scholastic Corp will post 1.53 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, January 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $0.60 annualized dividend and a yield of 1.45%. Scholastic’s dividend payout ratio (DPR) is currently 41.96%.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc lifted its stake in Scholastic by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 2,495,369 shares of the company’s stock valued at $116,509,000 after purchasing an additional 74,211 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Scholastic in the 3rd quarter valued at about $594,000. Vanguard Group Inc. lifted its stake in Scholastic by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,495,369 shares of the company’s stock valued at $116,509,000 after purchasing an additional 74,211 shares during the last quarter. Legal & General Group Plc lifted its stake in Scholastic by 13.8% in the 3rd quarter. Legal & General Group Plc now owns 67,574 shares of the company’s stock valued at $3,158,000 after purchasing an additional 8,189 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Scholastic by 2.5% in the 3rd quarter. Teachers Advisors LLC now owns 57,631 shares of the company’s stock valued at $2,691,000 after purchasing an additional 1,399 shares during the last quarter. Institutional investors and hedge funds own 80.35% of the company’s stock.

Several brokerages have recently weighed in on SCHL. BidaskClub cut Scholastic from a “buy” rating to a “hold” rating in a report on Monday, December 24th. Zacks Investment Research upgraded Scholastic from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Saturday, December 15th. ValuEngine upgraded Scholastic from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Finally, TheStreet cut Scholastic from a “b-” rating to a “c” rating in a report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $47.00.

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Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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

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