TAL Education Group (NYSE:TAL) Trading 3.9% Higher – Here’s What Happened

TAL Education Group (NYSE:TAL)’s stock price shot up 3.9% during mid-day trading on Tuesday . The company traded as high as $12.21 and last traded at $12.2020. 556,768 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 4,041,318 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TAL shares. Weiss Ratings cut TAL Education Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. New Street Research set a $13.60 price objective on TAL Education Group in a research note on Friday, July 31st. Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Jefferies Financial Group initiated coverage on shares of TAL Education Group in a research note on Friday, July 31st. They set a “hold” rating on the stock. Finally, Wall Street Zen cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Down 0.8%

The stock has a market cap of $6.72 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.84 and a beta of 0.14. The firm has a fifty day moving average of $11.03 and a 200 day moving average of $10.82.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.46. The company had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%. On average, equities research analysts forecast that TAL Education Group will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alex Zhuangzhuang Peng sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total transaction of $368,400.00. Following the completion of the sale, the insider owned 15,144 shares in the company, valued at $185,968.32. The trade was a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.81% of the stock is currently owned by insiders.

Institutional Trading of TAL Education Group

Several institutional investors have recently modified their holdings of TAL. Public Employees Retirement System of Ohio lifted its position in TAL Education Group by 53.9% in the first quarter. Public Employees Retirement System of Ohio now owns 304,531 shares of the company’s stock valued at $3,463,000 after acquiring an additional 106,684 shares during the last quarter. SEB Asset Management AB acquired a new position in TAL Education Group in the first quarter valued at $13,010,000. Resona Asset Management Co. Ltd. grew its holdings in shares of TAL Education Group by 7.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 111,179 shares of the company’s stock worth $1,258,000 after purchasing an additional 8,003 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of TAL Education Group during the first quarter worth about $109,000. Finally, SG Americas Securities LLC increased its position in shares of TAL Education Group by 50.3% during the first quarter. SG Americas Securities LLC now owns 354,271 shares of the company’s stock worth $4,028,000 after purchasing an additional 118,503 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.