Scholastic (NASDAQ:SCHL) Trading Down 3.5% - What's Next?

Scholastic Co. (NASDAQ:SCHL - Get Free Report)'s share price fell 3.5% during mid-day trading on Wednesday . The stock traded as low as $18.42 and last traded at $18.38. 60,880 shares changed hands during trading, a decline of 73% from the average session volume of 228,425 shares. The stock had previously closed at $19.06.

Scholastic Trading Up 12.9 %

The business's fifty day moving average price is $20.09 and its 200 day moving average price is $24.01. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $596.30 million, a PE ratio of -117.88 and a beta of 1.10.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.73. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The firm had revenue of $335.40 million during the quarter, compared to analyst estimates of $347.68 million. As a group, analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.77%. Scholastic's payout ratio is 133.33%.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Scholastic by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 11,049 shares of the company's stock worth $354,000 after purchasing an additional 3,900 shares during the period. Natixis Advisors LLC lifted its position in Scholastic by 3.1% during the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company's stock valued at $525,000 after buying an additional 489 shares in the last quarter. Intech Investment Management LLC grew its stake in Scholastic by 127.8% during the third quarter. Intech Investment Management LLC now owns 33,747 shares of the company's stock worth $1,080,000 after buying an additional 18,933 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Scholastic by 9.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company's stock worth $16,075,000 after acquiring an additional 41,864 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Scholastic by 58.8% in the 3rd quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after acquiring an additional 869 shares during the period. Institutional investors and hedge funds own 82.57% of the company's stock.

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.