TAL Education Group (NYSE:TAL) Shares Gap Down to $10.89

TAL Education Group (NYSE:TAL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.89, but opened at $10.50. TAL Education Group shares last traded at $10.63, with a volume of 937,566 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TAL shares. StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th. HSBC assumed coverage on TAL Education Group in a research note on Wednesday, May 29th. They set a “buy” rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.28.

TAL Education Group Stock Performance

The firm has a 50 day moving average of $11.12 and a two-hundred day moving average of $11.93.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, April 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.10. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. The firm had revenue of $429.56 million during the quarter, compared to the consensus estimate of $389.03 million. On average, equities analysts forecast that TAL Education Group will post 0.06 earnings per share for the current year.

Institutional Trading of TAL Education Group

Hedge funds have recently modified their holdings of the company. Henry James International Management Inc. lifted its position in shares of TAL Education Group by 71.9% in the 4th quarter. Henry James International Management Inc. now owns 89,324 shares of the company’s stock worth $1,128,000 after acquiring an additional 37,353 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock worth $45,000 after acquiring an additional 1,191 shares during the period. Yong Rong HK Asset Management Ltd bought a new stake in shares of TAL Education Group in the 4th quarter worth approximately $3,638,000. abrdn plc lifted its position in shares of TAL Education Group by 7.5% in the 4th quarter. abrdn plc now owns 286,478 shares of the company’s stock worth $3,618,000 after acquiring an additional 19,925 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of TAL Education Group by 69.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 34,075 shares of the company’s stock worth $430,000 after acquiring an additional 13,975 shares during the period. Institutional investors 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. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.