TAL Education Group (NYSE:TAL) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• TAL Education Group shares rose above their 200-day moving average of $10.95, reaching $12.25 before closing at $11.8750.
• Analysts hold a consensus “Moderate Buy” rating with a $14.80 target price, although ratings range from Strong Buy to Hold.
• The company exceeded quarterly expectations, reporting $0.75 in EPS versus $0.29 expected and revenue of $758.38 million versus $719.40 million forecast.

Shares of TAL Education Group (NYSE:TAL - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $10.95 and traded as high as $12.25. TAL Education Group shares last traded at $11.8750, with a volume of 1,647,201 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Zacks Research raised shares of TAL Education Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. New Street Research set a $13.60 price target on TAL Education Group in a research report on Friday, July 31st. Jefferies Financial Group assumed coverage on TAL Education Group in a research note on Friday, July 31st. They set a "hold" rating for the company. Weiss Ratings raised TAL Education Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, September 16th. Finally, Wall Street Zen downgraded TAL Education Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, TAL Education Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

TAL Education Group Price Performance

The stock's 50 day moving average price is $11.72 and its two-hundred day moving average price is $10.95. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.83 and a beta of 0.14.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.46. The business had revenue of $758.38 million for the quarter, compared to analyst estimates of $719.40 million. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. As a group, equities research analysts anticipate that TAL Education Group will post 1.06 EPS for the current fiscal year.

Insider Transactions at TAL Education Group

In other news, insider Alex Peng sold 30,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $12.28, for a total value of $368,400.00. Following the sale, the insider directly owned 15,144 shares of the company's stock, valued at approximately $185,968.32. This trade represents a 66.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On TAL Education Group

Large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in TAL Education Group by 26.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,395,434 shares of the company's stock valued at $84,086,000 after buying an additional 1,546,549 shares during the last quarter. Norges Bank bought a new position in TAL Education Group in the 4th quarter worth approximately $49,158,000. Hsbc Holdings PLC lifted its holdings in shares of TAL Education Group by 39.4% during the fourth quarter. Hsbc Holdings PLC now owns 2,435,836 shares of the company's stock worth $26,575,000 after buying an additional 688,185 shares during the last quarter. Amundi lifted its holdings in shares of TAL Education Group by 13.1% during the first quarter. Amundi now owns 1,187,724 shares of the company's stock worth $13,504,000 after buying an additional 137,799 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of TAL Education Group in the first quarter valued at approximately $13,010,000. Institutional investors and hedge funds own 37.79% of the company's stock.

About TAL Education Group

TAL Education Group NYSE: TAL is a Chinese education and technology company that provides learning services, educational content and related products. Its offerings are designed primarily for students and families and include tutoring, academic enrichment, learning applications, educational materials and intelligent learning devices.

Founded in 2003 and headquartered in Beijing, TAL historically built a nationwide network of education centers and online learning platforms serving students in China.

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