TAL Education Group (NYSE:TAL) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• TAL Education Group shares rose above their 200-day moving average, trading as high as $12.70 versus the $10.99 average, and last changed hands at $12.586.
• Analyst sentiment is generally positive but mixed: the stock carries a “Moderate Buy” consensus rating with an average price target of $14.80, while individual ratings range from Hold to Strong Buy.
• The company exceeded quarterly expectations, reporting $0.75 in EPS versus a $0.29 estimate and revenue of $758.38 million versus a $719.40 million consensus forecast; an insider also sold 30,000 shares in August.

TAL Education Group (NYSE:TAL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.99 and traded as high as $12.70. TAL Education Group shares last traded at $12.5860, with a volume of 2,796,195 shares trading hands.

Analyst Ratings Changes

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

TAL Education Group Stock Up 2.2%

The stock has a market cap of $6.97 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 0.72 and a beta of 0.09. The firm's 50-day moving average is $11.93 and its two-hundred day moving average is $10.99.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.29 by $0.46. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. The company had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. Analysts anticipate that TAL Education Group will post 1.26 earnings per share for the current fiscal year.

Insider Transactions at TAL Education Group

In other TAL Education Group news, insider Alex Peng sold 30,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total transaction of $368,400.00. Following the transaction, the insider directly owned 15,144 shares of the company's stock, valued at $185,968.32. This represents a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.81% of the company's stock.

Institutional Investors Weigh In On TAL Education Group

Hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of TAL Education Group by 26.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,395,434 shares of the company's stock valued at $84,086,000 after acquiring an additional 1,546,549 shares in the last quarter. Hsbc Holdings PLC grew its position in TAL Education Group by 39.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,435,836 shares of the company's stock worth $26,575,000 after acquiring an additional 688,185 shares during the last quarter. Amundi grew its position in TAL Education Group by 13.1% during the 1st quarter. Amundi now owns 1,187,724 shares of the company's stock worth $13,504,000 after acquiring an additional 137,799 shares during the last quarter. SEB Asset Management AB acquired a new stake in TAL Education Group during the 1st quarter valued at $13,010,000. Finally, Wellington Management Group LLP increased its stake in shares of TAL Education Group by 81.0% in the second quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company's stock valued at $10,494,000 after buying an additional 490,836 shares in the last quarter. 37.79% of the stock is currently owned by institutional investors.

TAL Education Group Company Profile

TAL Education Group is a Chinese education and learning services company that provides programs, products and services designed to support students and families. The company serves primarily school-age learners and has historically operated through a combination of physical learning centers, online platforms and technology-enabled educational offerings.

Founded in 2003 as Xueersi, TAL became a publicly traded company on the New York Stock Exchange in 2010. Its business has included academic and enrichment programs, educational content, learning applications, tutoring services and related technology products.

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