TAL Education Group (NYSE:TAL) Shares Gap Down - Here's Why

Shares of TAL Education Group (NYSE:TAL - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $10.99, but opened at $10.63. TAL Education Group shares last traded at $10.46, with a volume of 1,087,090 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of TAL Education Group from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $16.00 to $11.00 in a research report on Thursday, April 24th. Macquarie downgraded shares of TAL Education Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $14.50 to $10.90 in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, TAL Education Group has a consensus rating of "Hold" and a consensus target price of $13.13.

TAL Education Group Trading Down 7.5%

The business's 50 day moving average is $10.47 and its two-hundred day moving average is $11.12. The company has a market cap of $5.95 billion, a PE ratio of 51.74 and a beta of 0.08.

TAL Education Group (NYSE:TAL - Get Free Report) last released its 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). TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. The firm had revenue of $610.24 million for the quarter, compared to analysts' expectations of $639.89 million. During the same quarter last year, the firm posted $0.08 EPS. As a group, equities research analysts predict that TAL Education Group will post 0.2 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

Several hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC lifted its stake in TAL Education Group by 5.4% in the 1st quarter. Krane Funds Advisors LLC now owns 21,427,983 shares of the company's stock worth $283,064,000 after purchasing an additional 1,089,797 shares in the last quarter. Vanguard Group Inc. lifted its stake in TAL Education Group by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,139,350 shares of the company's stock worth $226,411,000 after purchasing an additional 290,538 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in TAL Education Group by 2,125.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,628,646 shares of the company's stock worth $166,824,000 after purchasing an additional 12,061,305 shares in the last quarter. FMR LLC lifted its stake in TAL Education Group by 60.4% in the 4th quarter. FMR LLC now owns 11,588,534 shares of the company's stock worth $116,117,000 after purchasing an additional 4,363,887 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in TAL Education Group by 29.0% in the 4th quarter. Bank of America Corp DE now owns 8,065,326 shares of the company's stock worth $80,815,000 after purchasing an additional 1,812,204 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company's stock.

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.