TAL Education Group (NYSE:TAL) Shares Pass Above 200-Day Moving Average – What’s Next?

TAL Education Group (NYSE:TAL)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.85 and traded as high as $12.45. TAL Education Group shares last traded at $11.79, with a volume of 7,254,780 shares traded.

Analysts Set New Price Targets

TAL has been the topic of several research analyst reports. Jefferies Financial Group started coverage on TAL Education Group in a research report on Friday, July 31st. They issued a “hold” rating on the stock. Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. New Street Research set a $13.60 target price on TAL Education Group in a research note on Friday, July 31st. Wall Street Zen downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings lowered shares of TAL Education Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Trading Up 0.5%

The company has a market cap of $6.37 billion, a P/E ratio of 7.14, a PEG ratio of 0.82 and a beta of 0.14. The business’s fifty day moving average is $11.32 and its 200 day moving average is $10.85.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.46. The business had revenue of $758.38 million during the quarter, compared to analyst estimates of $719.40 million. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%. As a group, research analysts expect that TAL Education Group will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alex Peng sold 30,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $12.28, for a total value of $368,400.00. Following the sale, the insider directly owned 15,144 shares in the company, valued at approximately $185,968.32. The trade was a 66.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new position in shares of TAL Education Group in the second quarter worth about $1,211,000. Nykredit A S purchased a new stake in shares of TAL Education Group during the 2nd quarter valued at approximately $1,669,000. California State Teachers Retirement System lifted its stake in shares of TAL Education Group by 725.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,355,943 shares of the company’s stock valued at $246,180,000 after buying an additional 2,070,681 shares in the last quarter. Raiffeisen Bank International AG boosted its holdings in TAL Education Group by 253.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 79,500 shares of the company’s stock worth $754,000 after buying an additional 57,000 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in TAL Education Group by 81.0% in the 2nd quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company’s stock worth $10,494,000 after buying an additional 490,836 shares during the period. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

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.