TAL Education Group Sees Unusually Large Options Volume (NYSE:TAL)

TAL Education Group (NYSE:TAL - Get Free Report) saw unusually large options trading activity on Tuesday. Traders purchased 20,609 call options on the company. This is an increase of approximately 273% compared to the average volume of 5,526 call options.

TAL Education Group Stock Performance

Shares of TAL Education Group stock traded up $0.12 on Tuesday, hitting $11.62. 4,611,082 shares of the company traded hands, compared to its average volume of 7,030,645. The stock has a market capitalization of $7.03 billion, a P/E ratio of 106.64 and a beta of 0.04. The business has a 50-day simple moving average of $9.65 and a 200 day simple moving average of $10.48. TAL Education Group has a 52 week low of $7.34 and a 52 week high of $15.52.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The firm had revenue of $619.36 million during the quarter, compared to analyst estimates of $609.51 million. During the same quarter last year, the business posted $0.06 earnings per share. Research analysts expect that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAL. Robeco Institutional Asset Management B.V. lifted its position in TAL Education Group by 12.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 143,362 shares of the company's stock worth $1,697,000 after buying an additional 15,640 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in TAL Education Group in the third quarter worth about $19,413,000. abrdn plc boosted its position in shares of TAL Education Group by 13.1% during the third quarter. abrdn plc now owns 216,604 shares of the company's stock valued at $2,513,000 after buying an additional 25,077 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of TAL Education Group by 17.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company's stock worth $182,000 after acquiring an additional 2,267 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of TAL Education Group by 134.2% during the third quarter. Blue Trust Inc. now owns 7,685 shares of the company's stock worth $91,000 after purchasing an additional 4,403 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TAL. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a report on Monday, October 28th. Citigroup lowered their target price on TAL Education Group from $21.30 to $13.40 and set a "buy" rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.73.

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.