TAL Education Group (NYSE:TAL – Get Free Report)’s stock price traded down 5.8% during trading on Monday . The stock traded as low as $11.71 and last traded at $11.7750. Approximately 1,114,919 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 3,891,958 shares. The stock had previously closed at $12.50.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. New Street Research set a $13.60 price objective on TAL Education Group in a research note on Friday. Zacks Research downgraded TAL Education Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group assumed coverage on TAL Education Group in a report on Friday. They issued a “hold” rating for the company. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.80.
TAL Education Group Trading Down 3.6%
TAL Education Group (NYSE:TAL – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.46. The firm had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a return on equity of 25.42% and a net margin of 28.43%. On average, equities research analysts predict that TAL Education Group will post 0.86 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of TAL. Public Sector Pension Investment Board raised its holdings in shares of TAL Education Group by 1.0% during the fourth quarter. Public Sector Pension Investment Board now owns 147,182 shares of the company’s stock valued at $1,606,000 after buying an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. increased its position in TAL Education Group by 9.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,693 shares of the company’s stock valued at $182,000 after acquiring an additional 1,508 shares during the period. Greenleaf Trust raised its stake in TAL Education Group by 5.1% during the 4th quarter. Greenleaf Trust now owns 32,625 shares of the company’s stock valued at $356,000 after acquiring an additional 1,597 shares in the last quarter. Mariner LLC boosted its position in TAL Education Group by 11.3% during the 4th quarter. Mariner LLC now owns 15,964 shares of the company’s stock worth $175,000 after acquiring an additional 1,623 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of TAL Education Group by 12.2% in the third quarter. Envestnet Asset Management Inc. now owns 17,614 shares of the company’s stock worth $197,000 after purchasing an additional 1,913 shares in the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.
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.
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