H&R Block, Inc. (HRB) Receives $27.33 Average Target Price from Brokerages

H&R Block, Inc. (NYSE:HRB) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.33.

Several equities analysts have recently weighed in on the company. BidaskClub upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Morgan Stanley raised their price target on H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Barrington Research raised their price target on H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. Finally, BMO Capital Markets raised their price target on H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, June 16th.

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In related news, SVP Kathryn M. Collins sold 2,931 shares of H&R Block stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the sale, the senior vice president now directly owns 17,372 shares in the company, valued at approximately $527,240.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC increased its holdings in H&R Block by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock worth $398,000 after buying an additional 35 shares in the last quarter. Veritable L.P. boosted its position in H&R Block by 0.3% in the second quarter. Veritable L.P. now owns 13,151 shares of the company’s stock worth $407,000 after purchasing an additional 37 shares during the last quarter. Private Bank & Trust Co. boosted its position in H&R Block by 0.3% in the second quarter. Private Bank & Trust Co. now owns 16,720 shares of the company’s stock worth $517,000 after purchasing an additional 53 shares during the last quarter. Advantus Capital Management Inc boosted its position in H&R Block by 0.3% in the first quarter. Advantus Capital Management Inc now owns 20,774 shares of the company’s stock worth $483,000 after purchasing an additional 61 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in H&R Block by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $399,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 90.26% of the company’s stock.

Shares of H&R Block (NYSE HRB) traded up 0.55% during mid-day trading on Friday, reaching $25.75. 2,330,836 shares of the company’s stock were exchanged. H&R Block has a one year low of $19.85 and a one year high of $31.80. The firm has a market capitalization of $5.38 billion, a P/E ratio of 13.58 and a beta of 0.55. The stock has a 50-day moving average of $26.55 and a 200 day moving average of $27.35.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, meeting the consensus estimate of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm had revenue of $138.00 million during the quarter, compared to the consensus estimate of $129.33 million. During the same period last year, the company earned ($0.56) earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that H&R Block will post $1.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Wednesday, September 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.96 annualized dividend and a yield of 3.73%. H&R Block’s payout ratio is 49.48%.

About H&R Block

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

Analyst Recommendations for H&R Block (NYSE:HRB)

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