Scholastic (NASDAQ:SCHL) Reaches New 12-Month Low – Time to Sell?

Scholastic Co. (NASDAQ:SCHL)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $23.00 and last traded at $23.00, with a volume of 212 shares trading hands. The stock had previously closed at $24.80.

Wall Street Analyst Weigh In

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

Scholastic Trading Up 0.6 %

The firm has a market cap of $716.37 million, a PE ratio of 45.46 and a beta of 1.06. The company’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $31.30. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 0.24.

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

Scholastic Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 31st. Scholastic’s dividend payout ratio (DPR) is 142.86%.

Institutional Trading of Scholastic

Several hedge funds and other institutional investors have recently made changes to their positions in SCHL. nVerses Capital LLC acquired a new stake in shares of Scholastic in the second quarter valued at about $35,000. Meeder Asset Management Inc. acquired a new position in Scholastic during the third quarter worth about $46,000. Innealta Capital LLC acquired a new position in Scholastic during the second quarter worth about $64,000. FMR LLC raised its position 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 during the last quarter. Finally, Quent Capital LLC acquired a new position in Scholastic during the first quarter worth about $215,000. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Company 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.