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.
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.
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