TAL Education Group (NYSE:TAL) Shares Gap Down to $10.02

TAL Education Group (NYSE:TAL) shares gapped down before the market opened on Thursday . The stock had previously closed at $10.02, but opened at $9.30. TAL Education Group shares last traded at $8.81, with a volume of 2,137,875 shares changing hands.

Wall Street Analyst Weigh In

TAL has been the topic of several research analyst reports. StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Thursday, July 11th. HSBC assumed coverage on TAL Education Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.28.

TAL Education Group Stock Performance

The firm has a 50-day moving average price of $10.67 and a 200 day moving average price of $11.81. The stock has a market capitalization of $5.12 billion, a P/E ratio of -846.15 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.47%. The firm had revenue of $414.19 million during the quarter, compared to analyst estimates of $392.39 million. During the same period in the previous year, the business posted ($0.07) EPS. On average, equities analysts anticipate that TAL Education Group will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in TAL Education Group by 1,375.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after purchasing an additional 2,173 shares during the last quarter. Blue Trust Inc. increased its stake in shares of TAL Education Group by 569.8% in the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after buying an additional 2,792 shares during the period. Tower Research Capital LLC TRC boosted its position in TAL Education Group by 50.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock valued at $45,000 after buying an additional 1,191 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in shares of TAL Education Group in the first quarter valued at about $47,000. Finally, IPG Investment Advisors LLC bought a new position in shares of TAL Education Group during the fourth quarter valued at about $126,000. 37.79% of the stock is owned by institutional investors.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.