Victory Capital Management Inc. lifted its stake in TAL Education (NYSE:TAL) by 28.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 298,879 shares of the company’s stock after acquiring an additional 65,799 shares during the quarter. Victory Capital Management Inc. owned 0.06% of TAL Education worth $11,086,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in TAL. Creative Planning grew its stake in shares of TAL Education by 39.7% in the fourth quarter. Creative Planning now owns 18,500 shares of the company’s stock worth $550,000 after acquiring an additional 5,258 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of TAL Education by 85.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 129,549 shares of the company’s stock worth $3,849,000 after acquiring an additional 59,549 shares during the period. APG Asset Management N.V. grew its stake in shares of TAL Education by 20.3% in the fourth quarter. APG Asset Management N.V. now owns 1,040,048 shares of the company’s stock worth $25,733,000 after acquiring an additional 175,200 shares during the period. First Personal Financial Services bought a new stake in shares of TAL Education in the fourth quarter worth approximately $2,766,000. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of TAL Education by 595.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 84,824 shares of the company’s stock worth $2,520,000 after acquiring an additional 72,634 shares during the period. Hedge funds and other institutional investors own 59.82% of the company’s stock.
Shares of TAL Education opened at $42.63 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.47 and a quick ratio of 1.46. The company has a market cap of $20.83 billion, a P/E ratio of 125.38 and a beta of 0.35. TAL Education has a 12-month low of $18.64 and a 12-month high of $43.20.
TAL Education (NYSE:TAL) last announced its earnings results on Thursday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $504.10 million during the quarter, compared to analyst estimates of $485.96 million. TAL Education had a net margin of 11.57% and a return on equity of 18.68%. The firm’s quarterly revenue was up 59.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. equities research analysts anticipate that TAL Education will post 0.53 EPS for the current year.
A number of analysts have recently commented on TAL shares. Benchmark lifted their price target on shares of TAL Education from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. ValuEngine upgraded shares of TAL Education from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of TAL Education from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. TAL Education presently has a consensus rating of “Buy” and a consensus price target of $34.72.
TAL Education Profile
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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