TAL Education Group (NYSE:TAL) Sees Large Decrease in Short Interest

TAL Education Group (NYSE:TAL - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 25,730,000 shares, a decrease of 25.5% from the April 30th total of 34,550,000 shares. Currently, 5.8% of the shares of the stock are short sold. Based on an average daily volume of 8,310,000 shares, the short-interest ratio is currently 3.1 days.

TAL Education Group Stock Performance

Shares of NYSE:TAL traded up $0.24 during midday trading on Wednesday, reaching $10.55. The company's stock had a trading volume of 630,420 shares, compared to its average volume of 7,371,332. TAL Education Group has a fifty-two week low of $7.35 and a fifty-two week high of $15.30. The firm has a 50 day moving average price of $10.34 and a two-hundred day moving average price of $11.14. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 55.42 and a beta of 0.08.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $610.24 million for the quarter, compared to analyst estimates of $639.89 million. During the same quarter in the prior year, the company posted $0.08 EPS. As a group, research analysts anticipate that TAL Education Group will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TAL shares. Macquarie downgraded TAL Education Group from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $14.50 to $10.90 in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut shares of TAL Education Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $16.00 to $11.00 in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.13.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock worth $99,000 after acquiring an additional 2,158 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in TAL Education Group by 26.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 181,176 shares of the company's stock valued at $1,815,000 after acquiring an additional 37,814 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in TAL Education Group during the fourth quarter worth about $952,000. E. Ohman J or Asset Management AB bought a new position in shares of TAL Education Group in the fourth quarter worth approximately $301,000. Finally, WT Asset Management Ltd bought a new stake in shares of TAL Education Group during the 4th quarter worth $1,042,000. 37.79% of the stock is currently 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.