Vanguard Group Inc. Takes $28.86 Million Position in TAL Education Group (TAL)

Vanguard Group Inc. purchased a new position in TAL Education Group (NYSE:TAL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 235,992 shares of the company’s stock, valued at approximately $28,864,000. Vanguard Group Inc. owned about 0.29% of TAL Education Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new position in shares of TAL Education Group in the second quarter worth $39,819,000. Citigroup Inc. acquired a new position in shares of TAL Education Group in the second quarter worth $11,394,000. GSA Capital Partners LLP acquired a new position in shares of TAL Education Group in the second quarter worth $967,000. Van ECK Associates Corp acquired a new position in shares of TAL Education Group in the second quarter worth $29,188,000. Finally, Lazard Asset Management LLC acquired a new position in shares of TAL Education Group in the second quarter worth $30,348,000. 14.94% of the stock is owned by institutional investors.

TAL Education Group (TAL) opened at $29.40 on Friday. The company has a market capitalization of $14,372.54, a price-to-earnings ratio of 122.50, a P/E/G ratio of 1.37 and a beta of 0.22. TAL Education Group has a 12 month low of $11.02 and a 12 month high of $36.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The business had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The company’s quarterly revenue was up 68.1% compared to the same quarter last year. equities analysts predict that TAL Education Group will post 0.37 EPS for the current fiscal year.

A number of research firms have recently weighed in on TAL. Jefferies Group LLC reissued a “buy” rating and issued a $29.33 price target on shares of TAL Education Group in a report on Monday, July 31st. UBS AG began coverage on TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating for the company. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co boosted their price target on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. began coverage on TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price target for the company. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.16.

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TAL Education Group 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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Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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