TAL Education Group (NYSE:TAL) Shares Up 3.1% – Here’s What Happened

Shares of TAL Education Group (NYSE:TAL) traded up 3.1% during mid-day trading on Friday . The company traded as high as $9.81 and last traded at $9.74. 573,328 shares were traded during mid-day trading, a decline of 92% from the average session volume of 7,001,522 shares. The stock had previously closed at $9.45.

Wall Street Analysts Forecast Growth

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

TAL Education Group Price Performance

The company has a market cap of $5.95 billion, a price-to-earnings ratio of 89.45 and a beta of 0.04. The firm has a 50-day moving average price of $10.12 and a 200 day moving average price of $10.40.

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. The firm had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. During the same quarter last year, the business earned $0.06 EPS. On average, equities analysts anticipate that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of TAL Education Group by 62.4% in the first quarter. Sei Investments Co. now owns 354,582 shares of the company’s stock valued at $4,025,000 after buying an additional 136,194 shares during the period. Russell Investments Group Ltd. raised its stake in TAL Education Group by 81.4% in the first quarter. Russell Investments Group Ltd. now owns 628,033 shares of the company’s stock valued at $7,133,000 after purchasing an additional 281,753 shares in the last quarter. US Bancorp DE lifted its position in TAL Education Group by 60.3% during the first quarter. US Bancorp DE now owns 52,446 shares of the company’s stock worth $595,000 after purchasing an additional 19,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of TAL Education Group in the 1st quarter valued at approximately $249,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of TAL Education Group by 16.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 267,204 shares of the company’s stock worth $3,033,000 after acquiring an additional 37,446 shares during the period. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.