TAL Education Group (NYSE:TAL) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

TAL Education Group (NYSE:TAL)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $10.95 and traded as high as $12.25. TAL Education Group shares last traded at $11.8750, with a volume of 1,647,201 shares.

Analyst Ratings Changes

TAL has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on TAL Education Group in a report on Friday, July 31st. They issued a “hold” rating for the company. Wall Street Zen lowered TAL Education Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Zacks Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, New Street Research set a $13.60 target price on TAL Education Group in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, TAL Education Group has an average rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Performance

The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.14. The company’s 50 day simple moving average is $11.74 and its two-hundred day simple moving average is $10.96.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.29 by $0.46. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. The business had revenue of $758.38 million for the quarter, compared to analysts’ expectations of $719.40 million. On average, equities research analysts predict that TAL Education Group will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TAL Education Group 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 transaction, the insider owned 15,144 shares in the company, valued at $185,968.32. The trade was a 66.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new stake in shares of TAL Education Group in the 2nd quarter valued at approximately $1,211,000. Nykredit A S acquired a new position in TAL Education Group in the second quarter worth approximately $1,669,000. Raiffeisen Bank International AG raised its position in TAL Education Group by 253.3% during the second quarter. Raiffeisen Bank International AG now owns 79,500 shares of the company’s stock valued at $754,000 after acquiring an additional 57,000 shares in the last quarter. Wellington Management Group LLP raised its position in TAL Education Group by 81.0% during the second quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company’s stock valued at $10,494,000 after acquiring an additional 490,836 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in TAL Education Group in the second quarter valued at approximately $2,657,000. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group is a Chinese education and learning services company that provides programs, products and services designed to support students and families. The company serves primarily school-age learners and has historically operated through a combination of physical learning centers, online platforms and technology-enabled educational offerings.

Founded in 2003 as Xueersi, TAL became a publicly traded company on the New York Stock Exchange in 2010. Its business has included academic and enrichment programs, educational content, learning applications, tutoring services and related technology products.