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

Shares of TAL Education Group (NYSE:TAL) gapped down prior to trading on Thursday . The stock had previously closed at $12.03, but opened at $11.10. TAL Education Group shares last traded at $10.6620, with a volume of 2,052,717 shares trading hands.

Wall Street Analysts Forecast Growth

TAL has been the topic of a number of recent research reports. Wall Street Zen upgraded TAL Education Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Weiss Ratings restated a “hold (c)” rating on shares of TAL Education Group in a research note on Monday, December 29th. Finally, Zacks Research cut shares of TAL Education Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, TAL Education Group presently has an average rating of “Hold” and an average target price of $12.81.

TAL Education Group Stock Down 10.5%

The business’s 50 day moving average is $11.19 and its two-hundred day moving average is $11.33. The firm has a market capitalization of $6.56 billion, a P/E ratio of 22.45 and a beta of 0.15.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.30. TAL Education Group had a net margin of 9.89% and a return on equity of 7.81%. As a group, equities analysts anticipate that TAL Education Group will post 0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently modified their holdings of TAL. GSA Capital Partners LLP grew its holdings in TAL Education Group by 178.0% during the third quarter. GSA Capital Partners LLP now owns 79,040 shares of the company’s stock worth $885,000 after acquiring an additional 50,606 shares during the period. Hantz Financial Services Inc. grew its holdings in TAL Education Group by 572.7% during the third quarter. Hantz Financial Services Inc. now owns 9,666 shares of the company’s stock worth $108,000 after acquiring an additional 8,229 shares during the period. OPTIMAS CAPITAL Ltd acquired a new position in TAL Education Group during the third quarter worth about $1,040,000. Y Intercept Hong Kong Ltd grew its holdings in TAL Education Group by 747.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 149,606 shares of the company’s stock worth $1,676,000 after acquiring an additional 131,960 shares during the period. Finally, Myriad Asset Management US LP acquired a new position in TAL Education Group during the third quarter worth about $396,000. 37.79% of the stock is currently owned by institutional investors.

TAL Education Group Company Profile

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.