H&R Block Inc. (HRB) Sees Large Volume Increase
H&R Block Inc. (NYSE:HRB) saw unusually-high trading volume on Friday . Approximately 3,054,640 shares traded hands during trading, an increase of 74% from the previous session’s volume of 1,750,811 shares.The stock last traded at $24.46 and had previously closed at $24.04.
HRB has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating on shares of H&R Block in a report on Friday, April 15th. Oppenheimer Holdings Inc. downgraded shares of H&R Block from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 27th. Credit Suisse Group AG initiated coverage on shares of H&R Block in a report on Friday, June 17th. They set a “hold” rating on the stock. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $31.00 price objective on shares of H&R Block in a report on Friday, June 3rd. Finally, Sterne Agee CRT initiated coverage on shares of H&R Block in a report on Tuesday, May 3rd. They set a “neutral” rating and a $33.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.72.
The firm’s 50 day moving average price is $23.55 and its 200 day moving average price is $25.53. The company has a market cap of $5.42 billion and a price-to-earnings ratio of 16.45.
H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, June 9th. The company reported $3.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.15 by $0.01. The firm had revenue of $2.30 billion for the quarter. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 EPS. On average, analysts anticipate that H&R Block Inc. will post $1.76 EPS for the current fiscal year.
In other news, Director Robert A. Gerard purchased 2,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was acquired at an average cost of $23.33 per share, for a total transaction of $46,660.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $116,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul J. Brown purchased 2,500 shares of the business’s stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $23.97 per share, with a total value of $59,925.00. Following the completion of the purchase, the director now owns 5,700 shares in the company, valued at $136,629. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in H&R Block stock. Affinity Investment Advisors LLC boosted its position in shares of H&R Block Inc. (NYSE:HRB) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,119 shares of the company’s stock after buying an additional 6,230 shares during the period. Affinity Investment Advisors LLC owned about 0.09% of H&R Block worth $7,099,000 at the end of the most recent quarter.
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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