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

Shares of TAL Education Group (NYSE:TAL) dropped 4.9% on Thursday . The company traded as low as $9.62 and last traded at $9.63. Approximately 3,213,668 shares traded 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.

Wall Street Analysts Forecast Growth

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

TAL Education Group Stock Performance

The company has a fifty day simple moving average of $10.35 and a two-hundred day simple moving average of $10.30. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 88.45 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The business had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, equities analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its stake in shares of TAL Education Group by 30.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock valued at $202,000 after acquiring an additional 4,177 shares during the last quarter. Natixis bought a new position in TAL Education Group in the first quarter valued at about $418,000. Shell Asset Management Co. boosted its stake in shares of TAL Education Group by 328.8% during the first quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock valued at $178,000 after purchasing an additional 12,017 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of TAL Education Group during the first quarter worth about $597,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of TAL Education Group by 5,442.6% during the first 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 last quarter. Institutional investors and hedge funds 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.