Key Points
- Insider sale: TAL Education Group insider Alex Zhuangzhuang Peng sold 30,000 shares at an average price of $12.28, receiving $368,400. The transaction reduced his direct holdings by 66.45% to 15,144 shares.
- Strong quarterly results: TAL reported quarterly EPS of $0.75, beating the $0.29 consensus estimate, while revenue of $758.38 million exceeded expectations of $719.40 million.
- Market view remains cautious: Shares opened at $11.99, while analysts’ average rating is “Hold” with a consensus price target of $14.80. Institutional investors own approximately 37.79% of the company.
TAL Education Group (NYSE:TAL - Get Free Report) insider Alex Zhuangzhuang Peng sold 30,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total transaction of $368,400.00. Following the completion of the transaction, the insider directly owned 15,144 shares of the company's stock, valued at $185,968.32. This trade represents a 66.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
TAL Education Group Trading Down 0.7%
Shares of NYSE TAL opened at $11.99 on Wednesday. The stock has a market capitalization of $6.64 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.03 and a beta of 0.13. The stock's fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $10.77. TAL Education Group has a 12-month low of $8.88 and a 12-month high of $13.37.
TAL Education Group (NYSE:TAL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.46. The business had revenue of $758.38 million for the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%. On average, equities analysts predict that TAL Education Group will post 0.86 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on TAL shares. Zacks Research downgraded shares of TAL Education Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. New Street Research set a $13.60 price target on shares of TAL Education Group in a report on Friday. Jefferies Financial Group started coverage on shares of TAL Education Group in a research report on Friday. They issued a "hold" rating on the stock. Wall Street Zen lowered shares of TAL Education Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised shares of TAL Education Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.80.
Get Our Latest Report on TAL Education Group
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in TAL Education Group in the fourth quarter valued at about $213,329,000. Norges Bank acquired a new position in shares of TAL Education Group during the fourth quarter valued at about $49,158,000. Arrowstreet Capital Limited Partnership raised its position in shares of TAL Education Group by 3,989.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,574,002 shares of the company's stock valued at $51,229,000 after purchasing an additional 4,462,149 shares during the last quarter. National Bank of Canada FI raised its position in shares of TAL Education Group by 147.4% in the 3rd quarter. National Bank of Canada FI now owns 3,559,800 shares of the company's stock valued at $39,870,000 after purchasing an additional 2,120,800 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in TAL Education Group by 14.3% in the 2nd quarter. Bank of America Corp DE now owns 14,060,760 shares of the company's stock worth $143,701,000 after purchasing an additional 1,759,945 shares in the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.
TAL Education Group Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
