TAL Education Group (NYSE:TAL) Trading Down 5.5% - Here's Why

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price was down 5.5% during trading on Friday . The company traded as low as $9.76 and last traded at $9.77. Approximately 1,115,547 shares were traded during trading, a decline of 84% from the average daily volume of 7,016,451 shares. The stock had previously closed at $10.34.

Analyst Ratings Changes

Several analysts have recently weighed in on TAL shares. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a research note on Monday, October 28th. Citigroup decreased their target price on TAL Education Group from $21.30 to $13.40 and set a "buy" rating for the company in a research report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.80.

TAL Education Group Stock Down 4.0 %

The stock has a market capitalization of $6.01 billion, a P/E ratio of 90.27 and a beta of 0.04. The stock's 50 day moving average price is $10.59 and its 200-day moving average price is $10.17.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business 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 firm earned $0.06 EPS. Analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TAL. Krane Funds Advisors LLC grew its stake in TAL Education Group by 9.9% during the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company's stock worth $206,289,000 after buying an additional 1,749,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TAL Education Group by 2,309.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company's stock worth $174,743,000 after acquiring an additional 14,146,152 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in TAL Education Group by 108.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company's stock worth $104,084,000 after acquiring an additional 4,581,100 shares in the last quarter. FMR LLC grew its stake in shares of TAL Education Group by 82,138.4% during the third quarter. FMR LLC now owns 7,224,647 shares of the company's stock worth $85,540,000 after acquiring an additional 7,215,862 shares during the last quarter. Finally, TT International Asset Management LTD increased its holdings in shares of TAL Education Group by 12.7% during the third quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company's stock valued at $51,359,000 after acquiring an additional 487,957 shares in the last quarter. Hedge funds and other 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.