Fiera Capital Corp Acquires New Stake in TAL Education Group (TAL)
Fiera Capital Corp acquired a new position in TAL Education Group (NYSE:TAL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,400 shares of the company’s stock, valued at approximately $3,596,000.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $153,000. Brighton Jones LLC purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $226,000. Greenleaf Trust purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $229,000. Creative Planning purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $257,000. Finally, Alta Advisers Ltd purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $257,000. Institutional investors and hedge funds own 8.59% of the company’s stock.
Several equities research analysts have commented on TAL shares. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC upped their target price on TAL Education Group to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Morgan Stanley initiated coverage on TAL Education Group in a research note on Friday, August 25th. They set an “overweight” rating and a $37.00 target price for the company. J P Morgan Chase & Co upped their target price on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. initiated coverage on TAL Education Group in a research note on Tuesday, July 18th. They set a “neutral” rating and a $25.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.76.
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Shares of TAL Education Group (NYSE TAL) opened at 32.36 on Monday. The firm has a 50-day moving average price of $29.40 and a 200 day moving average price of $21.92. The stock has a market capitalization of $15.99 billion, a PE ratio of 133.17 and a beta of 0.26. TAL Education Group has a one year low of $11.02 and a one year high of $34.19.
TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company had revenue of $321.90 million during the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group’s revenue for the quarter was up 65.0% on a year-over-year basis. On average, equities analysts expect that TAL Education Group will post $0.33 EPS for the current fiscal year.
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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