TAL Education Group (NYSE:TAL) Shares Gap Up – Here’s What Happened

TAL Education Group (NYSE:TAL)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $10.21, but opened at $10.67. TAL Education Group shares last traded at $10.27, with a volume of 1,876,527 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TAL shares. Citigroup reduced 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 lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, TAL Education Group presently has an average rating of “Moderate Buy” and an average target price of $13.73.

TAL Education Group Stock Up 4.8 %

The company has a market cap of $6.65 billion, a P/E ratio of 137.52 and a beta of 0.04. The firm has a fifty day moving average price of $9.32 and a 200 day moving average price of $10.53.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The firm had revenue of $414.19 million for the quarter, compared to analyst estimates of $392.39 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. On average, sell-side analysts anticipate that TAL Education Group will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TAL. Seven Eight Capital LP raised its position in shares of TAL Education Group by 18.2% during the first quarter. Seven Eight Capital LP now owns 273,949 shares of the company’s stock worth $3,109,000 after acquiring an additional 42,126 shares during the last quarter. Swiss National Bank lifted its position in TAL Education Group by 3.2% during the 1st quarter. Swiss National Bank now owns 990,519 shares of the company’s stock valued at $11,242,000 after purchasing an additional 30,400 shares during the period. AI Squared Management Ltd bought a new position in shares of TAL Education Group in the 1st quarter valued at about $5,352,000. SageView Advisory Group LLC acquired a new stake in shares of TAL Education Group during the 1st quarter worth approximately $362,000. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of TAL Education Group by 0.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 369,300 shares of the company’s stock worth $4,192,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds 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.