TAL Education Group (NYSE:TAL) Stock Price Down 6.5% – Should You Sell?

TAL Education Group (NYSE:TAL) shares fell 6.5% on Tuesday . The company traded as low as $9.98 and last traded at $10.06. 3,600,755 shares were traded during mid-day trading, a decline of 48% from the average session volume of 6,986,039 shares. The stock had previously closed at $10.76.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of 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 upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, TAL Education Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Performance

The stock has a market capitalization of $5.77 billion, a PE ratio of 86.73 and a beta of 0.04. The stock’s 50 day moving average is $10.05 and its two-hundred day moving average is $10.42.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $619.36 million during 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 in the prior year, the firm earned $0.06 earnings per share. Equities research analysts expect that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank grew its position in TAL Education Group by 3.2% in the first quarter. Swiss National Bank now owns 990,519 shares of the company’s stock worth $11,242,000 after acquiring an additional 30,400 shares during the period. Sei Investments Co. raised its holdings in TAL Education Group by 62.4% in the 1st quarter. Sei Investments Co. now owns 354,582 shares of the company’s stock valued at $4,025,000 after buying an additional 136,194 shares during the period. Russell Investments Group Ltd. boosted its stake in TAL Education Group by 81.4% during the first quarter. Russell Investments Group Ltd. now owns 628,033 shares of the company’s stock worth $7,133,000 after buying an additional 281,753 shares during the period. US Bancorp DE increased its position in shares of TAL Education Group by 60.3% during the first quarter. US Bancorp DE now owns 52,446 shares of the company’s stock valued at $595,000 after acquiring an additional 19,723 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of TAL Education Group in the 1st quarter valued at approximately $249,000. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.