Short Interest in TAL Education Group (NYSE:TAL) Drops By 24.2%

TAL Education Group (NYSE:TAL - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 29,400,000 shares, a decline of 24.2% from the March 15th total of 38,800,000 shares. Approximately 6.6% of the company's shares are short sold. Based on an average daily volume of 7,860,000 shares, the short-interest ratio is presently 3.7 days.

TAL Education Group Stock Performance

NYSE TAL traded down $2.05 on Thursday, hitting $8.93. 42,797,869 shares of the stock were exchanged, compared to its average volume of 7,297,847. TAL Education Group has a 52-week low of $7.35 and a 52-week high of $15.30. The firm has a market capitalization of $5.40 billion, a P/E ratio of 47.00 and a beta of 0.03. The stock has a fifty day moving average price of $12.45 and a two-hundred day moving average price of $11.32.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The company had revenue of $610.24 million for the quarter, compared to the consensus estimate of $639.89 million. TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts expect that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TAL. Norges Bank purchased a new stake in shares of TAL Education Group in the fourth quarter worth about $72,628,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in TAL Education Group by 2,706.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,045,734 shares of the company's stock worth $79,864,000 after purchasing an additional 5,830,321 shares in the last quarter. FMR LLC grew its holdings in shares of TAL Education Group by 60.4% in the fourth quarter. FMR LLC now owns 11,588,534 shares of the company's stock valued at $116,117,000 after purchasing an additional 4,363,887 shares during the period. Krane Funds Advisors LLC boosted its stake in TAL Education Group by 11.5% during the fourth quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company's stock worth $203,789,000 after buying an additional 2,100,242 shares during the period. Finally, Pinpoint Asset Management Ltd lifted its position in shares of TAL Education Group by 2,020.8% during the fourth quarter. Pinpoint Asset Management Ltd now owns 2,106,573 shares of the company's stock worth $21,108,000 after purchasing an additional 2,007,244 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company's stock.

Analyst Ratings Changes

TAL has been the topic of a number of research analyst reports. UBS Group upped their target price on TAL Education Group from $16.40 to $17.20 and gave the stock a "buy" rating in a report on Friday, January 24th. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut TAL Education Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $16.00 to $11.00 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $14.40.

TAL Education Group Company Profile

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.