TAL Education Group (NYSE:TAL) Stock Price Down 3.9% - Time to Sell?

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price was down 3.9% during mid-day trading on Friday . The company traded as low as $11.06 and last traded at $11.13. Approximately 259,502 shares traded hands during trading, a decline of 96% from the average daily volume of 6,981,280 shares. The stock had previously closed at $11.58.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TAL shares. Citigroup decreased their price objective on TAL Education Group from $21.30 to $13.40 and set a "buy" rating for the company in a report on Monday, August 5th. StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, TAL Education Group currently has an average rating of "Moderate Buy" and an average price target of $13.30.

TAL Education Group Price Performance

The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 141.52 and a beta of 0.04. The stock has a 50-day moving average price of $9.00 and a 200-day moving average price of $10.58.

TAL Education Group (NYSE:TAL - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The company had revenue of $414.19 million during the quarter, compared to analysts' expectations of $392.39 million. During the same period last year, the firm posted ($0.07) earnings per share. Equities analysts forecast that TAL Education Group will post 0.1 earnings per share for the current year.

Institutional Trading of TAL Education Group

A number of hedge funds have recently made changes to their positions in the business. Tobam boosted its stake in TAL Education Group by 10.4% in the 3rd quarter. Tobam now owns 19,418 shares of the company's stock valued at $230,000 after purchasing an additional 1,832 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 2,173 shares during the period. California State Teachers Retirement System grew its stake in shares of TAL Education Group by 2.4% in the first quarter. California State Teachers Retirement System now owns 98,417 shares of the company's stock valued at $1,117,000 after acquiring an additional 2,315 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of TAL Education Group by 1.6% in the second quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company's stock valued at $1,597,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Blue Trust Inc. grew 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 valued at $37,000 after acquiring an additional 2,792 shares in the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

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.