TAL Education Group (NYSE:TAL) Shares Gap Down After Earnings Miss

Shares of TAL Education Group (NYSE:TAL) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $10.98, but opened at $9.36. TAL Education Group shares last traded at $9.38, with a volume of 15,839,250 shares.

The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. The business had revenue of $610.24 million for the quarter, compared to analyst estimates of $639.89 million. During the same period in the previous year, the firm posted $0.08 earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TAL shares. JPMorgan Chase & Co. lowered TAL Education Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $11.00 in a research note on Thursday. UBS Group lifted their target price on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.40.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in TAL Education Group during the fourth quarter worth about $72,628,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TAL Education Group by 2,706.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,045,734 shares of the company’s stock worth $79,864,000 after acquiring an additional 5,830,321 shares in the last quarter. FMR LLC increased its stake in TAL Education Group by 60.4% in the fourth quarter. FMR LLC now owns 11,588,534 shares of the company’s stock valued at $116,117,000 after acquiring an additional 4,363,887 shares during the last quarter. Krane Funds Advisors LLC raised its position in TAL Education Group by 11.5% during the fourth quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company’s stock valued at $203,789,000 after purchasing an additional 2,100,242 shares in the last quarter. Finally, Pinpoint Asset Management Ltd lifted its stake in TAL Education Group by 2,020.8% during the fourth quarter. Pinpoint Asset Management Ltd now owns 2,106,573 shares of the company’s stock worth $21,108,000 after purchasing an additional 2,007,244 shares during the last quarter. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Performance

The stock has a fifty day simple moving average of $12.34 and a two-hundred day simple moving average of $11.30. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 47.00 and a beta of 0.03.

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.