TAL Education Group (NYSE:TAL) Shares Gap Down - Time to Sell?

TAL Education Group (NYSE:TAL - Get Free Report) shares 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

Several equities analysts have recently weighed in on the company. Citigroup reduced their price objective 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. StockNews.com lowered TAL Education Group from a "hold" rating to a "sell" rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $13.73.

TAL Education Group Stock Performance

The firm's 50 day simple moving average is $9.27 and its 200-day simple moving average is $10.53. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 131.27 and a beta of 0.04.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results 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 firm had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same period in the prior year, the business posted ($0.07) earnings per share. As a group, equities analysts anticipate that TAL Education Group will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC increased its stake in shares of TAL Education Group by 9.9% in the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company's stock valued at $206,289,000 after buying an additional 1,749,438 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in TAL Education Group by 8.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company's stock worth $44,919,000 after purchasing an additional 321,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in TAL Education Group by 20.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company's stock worth $44,676,000 after purchasing an additional 709,845 shares during the period. Acadian Asset Management LLC grew its holdings in shares of TAL Education Group by 40.6% during the first quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company's stock worth $46,617,000 after buying an additional 1,187,364 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of TAL Education Group in the second quarter valued at approximately $35,429,000. Institutional investors 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.