TAL Education Group (NYSE:TAL) Shares Down 4.5% - Here's Why

TAL Education Group (NYSE:TAL - Get Free Report) shares traded down 4.5% during mid-day trading on Monday . The company traded as low as $10.17 and last traded at $10.21. 627,602 shares traded hands during trading, a decline of 92% from the average session volume of 7,832,184 shares. The stock had previously closed at $10.69.

Analyst Ratings Changes

Several equities research analysts have issued reports on TAL shares. Citigroup lowered shares of TAL Education Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $13.40 to $11.54 in a report on Friday, June 27th. JPMorgan Chase & Co. downgraded shares of TAL Education Group from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $16.00 to $11.00 in a research report on Thursday, April 24th. Finally, Macquarie lowered shares of TAL Education Group from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $14.50 to $10.90 in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.66.

TAL Education Group Stock Performance

The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 71.89 and a beta of 0.12. The business's 50-day simple moving average is $10.20 and its 200-day simple moving average is $11.19.

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 3.76% and a return on equity of 2.26%. The business had revenue of $610.24 million during the quarter, compared to analyst estimates of $639.89 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, analysts forecast that TAL Education Group will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in TAL Education Group by 2,125.9% during the first 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 acquiring an additional 12,061,305 shares in the last quarter. Norges Bank acquired a new stake in shares of TAL Education Group during the fourth quarter worth about $72,628,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 worth $79,864,000 after purchasing an additional 5,830,321 shares during the period. FMR LLC lifted its holdings in shares of TAL Education Group by 60.4% during the 4th 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 in the last quarter. Finally, Citigroup Inc. grew its position in shares of TAL Education Group by 397.7% in the 1st quarter. Citigroup Inc. now owns 4,952,255 shares of the company's stock valued at $65,419,000 after purchasing an additional 3,957,142 shares during the period. Institutional investors and hedge funds own 37.79% of the company's stock.

About TAL Education Group

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.