TAL Education Group (TAL) Sees Large Growth in Short Interest

TAL Education Group (NYSE:TAL) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 13,332,213 shares, a growth of 390.4% from the August 15th total of 2,718,688 shares. Based on an average daily trading volume, of 4,342,169 shares, the short-interest ratio is presently 3.1 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new position in TAL Education Group during the 2nd quarter worth $153,000. Tower Research Capital LLC TRC purchased a new position in TAL Education Group during the 2nd quarter worth $154,000. QS Investors LLC purchased a new position in TAL Education Group during the 2nd quarter worth $208,000. Brighton Jones LLC purchased a new position in TAL Education Group during the 2nd quarter worth $226,000. Finally, Greenleaf Trust purchased a new position in TAL Education Group during the 2nd quarter worth $229,000. Institutional investors own 8.59% of the company’s stock.

Several equities analysts have recently issued reports on the company. UBS AG assumed coverage on TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating on the stock. Morgan Stanley assumed coverage on TAL Education Group in a research note on Friday, August 25th. They set an “overweight” rating and a $37.00 target price on the stock. Jefferies Group LLC boosted their target price on TAL Education Group to $35.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co boosted their target price on TAL Education Group to $31.67 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.76.

Shares of TAL Education Group (NYSE:TAL) opened at 33.82 on Wednesday. The company’s 50 day moving average price is $29.83 and its 200 day moving average price is $22.29. TAL Education Group has a 52-week low of $11.02 and a 52-week high of $34.19. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 139.18 and a beta of 0.26.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $321.90 million for the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The firm’s revenue was up 65.0% compared to the same quarter last year. On average, analysts predict that TAL Education Group will post $0.33 EPS for the current year.

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About TAL Education Group

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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