1,847 Shares in TAL Education Group (TAL) Acquired by Brighton Jones LLC
Brighton Jones LLC bought a new position in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,847 shares of the company’s stock, valued at approximately $226,000.
Several other hedge funds have also recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new stake in shares of TAL Education Group during the second quarter worth about $734,000. Greenleaf Trust purchased a new stake in shares of TAL Education Group during the second quarter worth about $229,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of TAL Education Group during the second quarter worth about $1,260,000. Seatown Holdings Pte. Ltd. purchased a new stake in shares of TAL Education Group during the second quarter worth about $13,555,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of TAL Education Group during the second quarter worth about $13,124,000. 8.63% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group (TAL) opened at 29.26 on Wednesday. The company has a 50-day moving average price of $26.27 and a 200 day moving average price of $20.22. The stock has a market capitalization of $14.46 billion, a P/E ratio of 120.41 and a beta of 0.26. TAL Education Group has a 1-year low of $9.87 and a 1-year high of $32.33.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The firm had revenue of $321.90 million for the quarter, compared to analysts’ expectations of $306.46 million. The firm’s revenue was up 65.0% on a year-over-year basis. On average, equities analysts predict that TAL Education Group will post $0.33 EPS for the current year.
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Several research firms have commented on TAL. Jefferies Group LLC reaffirmed a “buy” rating and set a $29.33 price objective on shares of TAL Education Group in a research note on Monday, July 31st. Morgan Stanley began coverage on TAL Education Group in a research note on Friday, August 25th. They set an “overweight” rating and a $37.00 price objective for the company. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. UBS AG began coverage on TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating for the company. Finally, J P Morgan Chase & Co upped their price objective on TAL Education Group to $31.67 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.76.
TAL Education Group Company Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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