Scholastic Co. (NASDAQ:SCHL) Position Boosted by Creative Planning

Creative Planning lifted its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,135 shares of the company’s stock after purchasing an additional 679 shares during the period. Creative Planning owned about 0.06% of Scholastic worth $516,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SCHL. nVerses Capital LLC acquired a new stake in Scholastic during the second quarter worth about $35,000. Innealta Capital LLC acquired a new stake in Scholastic during the second quarter worth about $64,000. EntryPoint Capital LLC acquired a new stake in Scholastic during the first quarter worth about $129,000. Quent Capital LLC acquired a new stake in shares of Scholastic in the first quarter valued at approximately $215,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Scholastic by 13.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,776 shares of the company’s stock valued at $218,000 after purchasing an additional 697 shares during the period. Institutional investors own 82.57% of the company’s stock.

Scholastic Price Performance

Shares of NASDAQ:SCHL opened at $24.31 on Wednesday. The firm’s 50 day moving average is $28.66 and its two-hundred day moving average is $32.28. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $684.01 million, a P/E ratio of 43.41 and a beta of 1.06. Scholastic Co. has a 52 week low of $23.69 and a 52 week high of $41.79.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($2.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.48) by $0.35. The business had revenue of $237.20 million during the quarter, compared to analysts’ expectations of $233.49 million. Scholastic had a net margin of 1.49% and a return on equity of 4.32%. During the same period last year, the firm posted ($2.20) earnings per share. Analysts anticipate that Scholastic Co. will post 1.41 earnings per share for the current year.

Scholastic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 31st. Scholastic’s dividend payout ratio is 142.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

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.