Short Interest in TAL Education Group (NYSE:TAL) Decreases By 17.6%

TAL Education Group (NYSE:TAL) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 20,060,000 shares, a decrease of 17.6% from the March 15th total of 24,350,000 shares. Based on an average trading volume of 6,790,000 shares, the days-to-cover ratio is currently 3.0 days.

Analysts Set New Price Targets

TAL has been the topic of a number of recent analyst reports. TheStreet upgraded TAL Education Group from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised TAL Education Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $10.00 to $15.00 in a research report on Thursday, January 25th. Finally, StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.37.

Institutional Trading of TAL Education Group

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of TAL Education Group by 0.3% in the 3rd quarter. BlackRock Inc. now owns 20,533,691 shares of the company’s stock valued at $101,439,000 after buying an additional 60,574 shares during the period. Krane Funds Advisors LLC increased its stake in TAL Education Group by 14.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company’s stock valued at $161,897,000 after purchasing an additional 2,177,640 shares in the last quarter. Vanguard Group Inc. increased its stake in TAL Education Group by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,168,022 shares of the company’s stock valued at $84,809,000 after purchasing an additional 365,665 shares in the last quarter. Morgan Stanley increased its stake in TAL Education Group by 20.2% in the 3rd quarter. Morgan Stanley now owns 16,136,868 shares of the company’s stock valued at $147,007,000 after purchasing an additional 2,710,826 shares in the last quarter. Finally, State Street Corp increased its stake in TAL Education Group by 4.9% in the 3rd quarter. State Street Corp now owns 7,629,987 shares of the company’s stock valued at $37,692,000 after purchasing an additional 358,484 shares in the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

TAL Education Group Price Performance

Shares of NYSE TAL opened at $11.70 on Monday. TAL Education Group has a 52-week low of $5.09 and a 52-week high of $15.52. The business has a 50-day moving average price of $12.69 and a 200 day moving average price of $11.39.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, January 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. The company had revenue of $373.51 million for the quarter, compared to analyst estimates of $330.96 million. As a group, sell-side analysts expect that TAL Education Group will post -0.06 EPS for the current fiscal year.

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.