Teacher Retirement System of Texas Buys 2,012 Shares of Scholastic Co. (NASDAQ:SCHL)

Teacher Retirement System of Texas lifted its position in Scholastic Co. (NASDAQ:SCHL) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,753 shares of the company’s stock after acquiring an additional 2,012 shares during the period. Teacher Retirement System of Texas owned approximately 0.26% of Scholastic worth $1,573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC raised its holdings in Scholastic by 3.1% in the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company’s stock worth $525,000 after purchasing an additional 489 shares during the period. Rhumbline Advisers increased its position in shares of Scholastic by 1.1% in the 4th quarter. Rhumbline Advisers now owns 81,637 shares of the company’s stock valued at $1,741,000 after buying an additional 860 shares in the last quarter. FMR LLC lifted its holdings in Scholastic by 58.8% during the third quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after acquiring an additional 869 shares in the last quarter. KBC Group NV grew its stake in Scholastic by 125.4% in the fourth quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after acquiring an additional 1,359 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Scholastic by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 120,446 shares of the company’s stock worth $2,569,000 after acquiring an additional 2,882 shares in the last quarter. Institutional investors own 82.57% of the company’s stock.

Scholastic Trading Up 0.1 %

NASDAQ:SCHL opened at $18.67 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The business’s 50-day simple moving average is $19.98 and its 200-day simple moving average is $23.64. Scholastic Co. has a fifty-two week low of $17.72 and a fifty-two week high of $38.77. The stock has a market capitalization of $524.65 million, a PE ratio of -103.72 and a beta of 1.10.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The firm had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. Sell-side analysts expect that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s dividend payout ratio (DPR) is presently 133.33%.

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.