TAL Education Group (NYSE:TAL) Shares Gap Up Following Earnings Beat

TAL Education Group (NYSE:TAL) shares gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $10.76, but opened at $11.86. TAL Education Group shares last traded at $11.9850, with a volume of 5,890,549 shares trading hands.

The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.19. TAL Education Group had a net margin of 6.45% and a return on equity of 4.71%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of TAL Education Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 price target on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TAL Education Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, TAL Education Group has an average rating of “Hold” and an average target price of $12.81.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of TAL Education Group during the 1st quarter worth about $258,000. Vontobel Holding Ltd. raised its holdings in shares of TAL Education Group by 217.7% in the second quarter. Vontobel Holding Ltd. now owns 36,786 shares of the company’s stock valued at $376,000 after purchasing an additional 25,208 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of TAL Education Group by 16.2% in the 2nd quarter. Aberdeen Group plc now owns 310,519 shares of the company’s stock valued at $3,174,000 after buying an additional 43,214 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in TAL Education Group by 13.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,392 shares of the company’s stock worth $219,000 after buying an additional 2,545 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in TAL Education Group in the 2nd quarter valued at approximately $224,000. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Trading Up 13.9%

The firm’s 50-day moving average is $11.13 and its 200 day moving average is $11.11. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 0.66 and a beta of 0.06.

TAL Education Group Company Profile

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.