TAL Education Group (NYSE:TAL) Sets New 1-Year Low - Time to Sell?

TAL Education Group (NYSE:TAL - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.71 and last traded at $8.76, with a volume of 6882611 shares changing hands. The stock had previously closed at $9.08.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TAL. UBS Group raised their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a "buy" rating in a research report on Friday, January 24th. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered shares of TAL Education Group from an "overweight" rating to a "neutral" rating and cut their target price for the company from $16.00 to $11.00 in a research note on Thursday, April 24th. Finally, Macquarie downgraded TAL Education Group from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $14.50 to $10.90 in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.70.

TAL Education Group Stock Performance

The company's fifty day moving average price is $11.64 and its 200 day moving average price is $11.22. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 48.40 and a beta of 0.03.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The company had revenue of $610.24 million for the quarter, compared to analyst estimates of $639.89 million. TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts expect that TAL Education Group will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TAL. Norges Bank acquired a new stake in TAL Education Group in the 4th quarter valued at approximately $72,628,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of TAL Education Group by 2,706.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,045,734 shares of the company's stock valued at $79,864,000 after purchasing an additional 5,830,321 shares during the period. FMR LLC increased its holdings in shares of TAL Education Group by 60.4% during the fourth quarter. FMR LLC now owns 11,588,534 shares of the company's stock valued at $116,117,000 after purchasing an additional 4,363,887 shares during the period. Krane Funds Advisors LLC lifted its holdings in TAL Education Group by 11.5% in the fourth quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company's stock worth $203,789,000 after purchasing an additional 2,100,242 shares during the period. Finally, Pinpoint Asset Management Ltd grew its position in TAL Education Group by 2,020.8% in the 4th quarter. Pinpoint Asset Management Ltd now owns 2,106,573 shares of the company's stock valued at $21,108,000 after buying an additional 2,007,244 shares in the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

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.