TAL Education Group (NYSE:TAL) Short Interest Update

TAL Education Group (NYSE:TAL - Get Free Report) was the target of a large decrease in short interest in 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. Based on an average daily trading volume, of 8,310,000 shares, the short-interest ratio is presently 3.1 days. Approximately 5.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds have recently made changes to their positions in TAL. Atlas Capital Advisors Inc. acquired a new position in shares of TAL Education Group in the 1st quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of TAL Education Group in the 4th quarter valued at $40,000. iA Global Asset Management Inc. acquired a new position in shares of TAL Education Group in the 4th quarter valued at $79,000. Blue Trust Inc. raised its stake in shares of TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock valued at $99,000 after buying an additional 2,158 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of TAL Education Group in the 1st quarter valued at $99,000. Institutional investors and hedge funds own 37.79% of the company's stock.

TAL Education Group Stock Up 0.2%

TAL Education Group stock traded up $0.02 during mid-day trading on Thursday, reaching $10.51. The company had a trading volume of 3,944,936 shares, compared to its average volume of 7,412,476. TAL Education Group has a 52 week low of $7.35 and a 52 week high of $15.30. The company has a 50 day moving average of $10.28 and a 200-day moving average of $11.14. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 55.31 and a beta of 0.08.

TAL Education Group (NYSE:TAL - Get Free Report) last issued 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). 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 during the quarter, compared to the consensus estimate of $639.89 million. During the same period last year, the company earned $0.08 earnings per share. On average, analysts predict that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

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.