TAL Education Group (NYSE:TAL) Lowered to “Hold” Rating by Zacks Research

TAL Education Group (NYSE:TAL) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on TAL. Wall Street Zen cut TAL Education Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded shares of TAL Education Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TAL Education Group has a consensus rating of “Hold” and an average price target of $13.77.

TAL Education Group Stock Down 2.7%

Shares of TAL stock opened at $9.19 on Tuesday. The stock has a market capitalization of $5.59 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.04. TAL Education Group has a 52-week low of $8.93 and a 52-week high of $13.37. The stock’s 50-day moving average price is $10.43 and its 200 day moving average price is $10.94.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $1.35 EPS for the quarter. TAL Education Group had a return on equity of 14.87% and a net margin of 17.64%.The firm had revenue of $802.39 million during the quarter. Analysts expect that TAL Education Group will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TAL Education Group news, insider Alex Zhuangzhuang Peng sold 80,000 shares of TAL Education Group stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $10.86, for a total value of $868,800.00. Following the sale, the insider owned 45,144 shares of the company’s stock, valued at approximately $490,263.84. The trade was a 63.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TAL Education Group

A number of large investors have recently modified their holdings of the business. Amundi lifted its holdings in shares of TAL Education Group by 13.1% in the 1st quarter. Amundi now owns 1,187,724 shares of the company’s stock valued at $13,504,000 after buying an additional 137,799 shares during the period. The Manufacturers Life Insurance Company grew its holdings in TAL Education Group by 6.1% during the first quarter. The Manufacturers Life Insurance Company now owns 58,334 shares of the company’s stock worth $663,000 after acquiring an additional 3,374 shares during the period. Quantinno Capital Management LP grew its holdings in TAL Education Group by 66.0% during the first quarter. Quantinno Capital Management LP now owns 142,536 shares of the company’s stock worth $1,621,000 after acquiring an additional 56,655 shares during the period. Renaissance Technologies LLC purchased a new position in TAL Education Group in the first quarter worth $2,663,000. Finally, Public Employees Retirement System of Ohio raised its position in TAL Education Group by 53.9% in the first quarter. Public Employees Retirement System of Ohio now owns 304,531 shares of the company’s stock worth $3,463,000 after acquiring an additional 106,684 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.