Trexquant Investment LP Buys 32,540 Shares of Scholastic Corporation $SCHL

Trexquant Investment LP raised its stake in Scholastic Corporation (NASDAQ:SCHL) by 86.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 70,043 shares of the company’s stock after acquiring an additional 32,540 shares during the period. Trexquant Investment LP’s holdings in Scholastic were worth $1,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. J. Goldman & Co LP bought a new position in shares of Scholastic during the fourth quarter valued at approximately $18,892,000. Bragg Financial Advisors Inc raised its holdings in shares of Scholastic by 40.6% during the first quarter. Bragg Financial Advisors Inc now owns 452,413 shares of the company’s stock valued at $8,542,000 after acquiring an additional 130,572 shares in the last quarter. Nuveen LLC bought a new position in shares of Scholastic during the first quarter valued at approximately $1,980,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Scholastic by 24.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 434,357 shares of the company’s stock valued at $9,265,000 after acquiring an additional 85,882 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Scholastic by 12.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 637,928 shares of the company’s stock valued at $12,044,000 after acquiring an additional 69,722 shares in the last quarter. Institutional investors own 82.57% of the company’s stock.

Scholastic Price Performance

SCHL opened at $26.06 on Friday. The stock has a fifty day simple moving average of $23.95 and a two-hundred day simple moving average of $20.53. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. The company has a market cap of $652.80 million, a price-to-earnings ratio of -651.50 and a beta of 1.24. Scholastic Corporation has a 12-month low of $15.77 and a 12-month high of $34.18.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $508.30 million during the quarter, compared to the consensus estimate of $494.59 million. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%. Scholastic has set its FY 2026 guidance at EPS. Research analysts predict that Scholastic Corporation will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Scholastic’s dividend payout ratio is -2,000.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen downgraded Scholastic from a “buy” rating to a “hold” rating in a report on Friday. B. Riley assumed coverage on Scholastic in a report on Wednesday. They set a “buy” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Scholastic currently has an average rating of “Buy” and an average price target of $37.00.

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 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.