Scholastic Co. (SCHL) CEO Richard Robinson Sells 1,500 Shares

Scholastic Co. (NASDAQ:SCHL) CEO Richard Robinson sold 1,500 shares of the stock in a transaction on Friday, April 20th. The shares were sold at an average price of $41.70, for a total transaction of $62,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, April 16th, Richard Robinson sold 33,000 shares of Scholastic stock. The shares were sold at an average price of $40.31, for a total transaction of $1,330,230.00.
  • On Thursday, April 12th, Richard Robinson sold 83,860 shares of Scholastic stock. The stock was sold at an average price of $39.61, for a total transaction of $3,321,694.60.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $47,076.00.

SCHL stock opened at $41.62 on Wednesday. The stock has a market capitalization of $1,445.28, a P/E ratio of 22.74 and a beta of 0.76. Scholastic Co. has a 12 month low of $33.51 and a 12 month high of $46.59.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Wednesday, March 21st. The company reported ($0.30) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.05. The company had revenue of $344.70 million for the quarter, compared to the consensus estimate of $350.10 million. Scholastic had a negative net margin of 1.00% and a positive return on equity of 3.58%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.36) EPS. analysts forecast that Scholastic Co. will post 1.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, April 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, April 27th. Scholastic’s dividend payout ratio (DPR) is 32.79%.

Scholastic declared that its board has approved a share repurchase plan on Wednesday, March 21st that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Several research analysts recently commented on SCHL shares. Zacks Investment Research raised shares of Scholastic from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, March 27th. Gabelli reaffirmed a “buy” rating on shares of Scholastic in a research note on Friday, March 23rd. TheStreet downgraded shares of Scholastic from a “b-” rating to a “c” rating in a research note on Monday, January 22nd. Finally, BidaskClub raised shares of Scholastic from a “sell” rating to a “hold” rating in a research note on Sunday, February 11th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Scholastic has an average rating of “Hold” and a consensus price target of $41.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHL. Granite Investment Partners LLC purchased a new position in Scholastic during the 4th quarter valued at about $12,740,000. JPMorgan Chase & Co. increased its position in Scholastic by 160.2% during the 3rd 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 during the period. Neuberger Berman Group LLC increased its position in Scholastic by 28.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 489,971 shares of the company’s stock valued at $18,227,000 after purchasing an additional 108,156 shares during the period. Deutsche Bank AG increased its position in Scholastic by 128.6% during the 4th quarter. Deutsche Bank AG now owns 188,288 shares of the company’s stock valued at $7,549,000 after purchasing an additional 105,908 shares during the period. Finally, BlackRock Inc. increased its position in Scholastic by 2.3% during the 4th quarter. BlackRock Inc. now owns 3,585,366 shares of the company’s stock valued at $143,809,000 after purchasing an additional 80,853 shares during the period. 83.70% of the stock is currently owned by institutional investors and hedge funds.

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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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