Scholastic Co. (NASDAQ:SCHL – Get Free Report) EVP Iole Lucchese acquired 1,654 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the transaction, the executive vice president now owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Scholastic Price Performance
NASDAQ SCHL traded up $0.21 during trading on Thursday, hitting $30.93. The company’s stock had a trading volume of 179,386 shares, compared to its average volume of 218,118. The company has a market cap of $884.60 million, a PE ratio of 21.33 and a beta of 1.02. The business’s 50 day simple moving average is $35.25 and its 200-day simple moving average is $36.76. Scholastic Co. has a fifty-two week low of $28.64 and a fifty-two week high of $45.98.
Scholastic Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, August 30th. Scholastic’s dividend payout ratio is presently 55.17%.
Institutional Investors Weigh In On Scholastic
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, July 19th.
View Our Latest Stock Report on Scholastic
About Scholastic
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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.
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