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

Shares of TAL Education Group (NYSE:TAL) gapped down before the market opened on Wednesday . The stock had previously closed at $11.39, but opened at $10.84. TAL Education Group shares last traded at $10.42, with a volume of 4,562,812 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Citigroup lowered 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 sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, TAL Education Group currently has an average rating of “Moderate Buy” and a consensus price target of $13.73.

TAL Education Group Trading Up 2.8 %

The company’s 50-day moving average is $9.29 and its 200 day moving average is $10.53. The stock has a market capitalization of $6.35 billion, a PE ratio of 131.20 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The business had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. Sell-side analysts forecast that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TAL. EverSource Wealth Advisors LLC raised its position in TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock worth $28,000 after buying an additional 2,173 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of TAL Education Group by 569.8% during the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after purchasing an additional 2,792 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in TAL Education Group by 17.3% during the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after purchasing an additional 2,267 shares during the period. Shell Asset Management Co. boosted its holdings in TAL Education Group by 328.8% in 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 during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock worth $202,000 after purchasing an additional 4,177 shares during the period. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

About TAL Education Group

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.