TAL Education Group (NYSE:TAL) Shares Gap Down – Should You Sell?

Shares of TAL Education Group (NYSE:TAL) gapped down prior to trading on Tuesday . The stock had previously closed at $9.87, but opened at $9.35. TAL Education Group shares last traded at $9.34, with a volume of 2,947,726 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Down 3.7 %

The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 86.41 and a beta of -0.01. The firm has a 50 day moving average of $9.91 and a two-hundred day moving average of $9.81.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, topping 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 business had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same quarter in the previous year, the company posted $0.06 EPS. Sell-side analysts forecast that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Several large investors have recently added to or reduced their stakes in the business. Tobam increased its position in shares of TAL Education Group by 10.4% during the third quarter. Tobam now owns 19,418 shares of the company’s stock worth $230,000 after acquiring an additional 1,832 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in TAL Education Group by 93.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after buying an additional 2,186 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in TAL Education Group by 17.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after buying an additional 2,267 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in TAL Education Group by 1.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock worth $1,597,000 after acquiring an additional 2,400 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of TAL Education Group by 1.3% in the 2nd quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock worth $2,706,000 after acquiring an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.