TAL Education Group (NYSE:TAL) Shares Down 4.9% – Here’s Why

TAL Education Group (NYSE:TAL)’s stock price dropped 4.9% on Thursday . The stock traded as low as $9.62 and last traded at $9.63. Approximately 3,213,668 shares changed hands during trading, a decline of 54% from the average daily volume of 7,053,581 shares. The stock had previously closed at $10.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on TAL. Citigroup decreased their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a research note on Monday, August 5th. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, TAL Education Group currently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Down 3.2 %

The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 92.09 and a beta of 0.04. The business has a 50-day moving average price of $10.26 and a 200-day moving average price of $10.33.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The firm had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TAL. California State Teachers Retirement System boosted its stake in TAL Education Group by 2.4% during the first quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock worth $1,117,000 after buying an additional 2,315 shares during the last quarter. Dnca Finance purchased a new stake in shares of TAL Education Group in the 2nd quarter valued at approximately $6,010,000. EverSource Wealth Advisors LLC increased its stake in TAL Education Group by 1,375.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock worth $28,000 after acquiring an additional 2,173 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in TAL Education Group by 2.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 353,729 shares of the company’s stock valued at $3,774,000 after purchasing an additional 7,263 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in TAL Education Group by 5,442.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 825,853 shares of the company’s stock worth $9,374,000 after purchasing an additional 810,953 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.