H&R Block Inc. (NYSE:HRB) Receives Average Recommendation of “Hold” from Brokerages
H&R Block Inc. (NYSE:HRB) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock. Eight analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.14.
A number of equities research analysts have weighed in on HRB shares. Piper Jaffray Cos. restated a “buy” rating and issued a $29.00 target price on shares of H&R Block in a research report on Friday, July 15th. Macquarie started coverage on H&R Block in a research report on Thursday, August 25th. They set an “outperform” rating and a $28.00 price objective for the company. BMO Capital Markets reiterated a “hold” rating and set a $24.00 price objective on shares of H&R Block in a research report on Friday, June 10th. Credit Suisse Group AG started coverage on H&R Block in a research report on Friday, June 17th. They set a “hold” rating for the company. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of H&R Block in a research report on Monday, June 6th.
In related news, SVP Gregory J. Macfarlane purchased 4,618 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were acquired at an average cost of $21.65 per share, with a total value of $99,979.70. Following the completion of the purchase, the senior vice president now owns 121,707 shares of the company’s stock, valued at approximately $2,634,956.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Teachers Advisors Inc. increased its position in H&R Block by 42.5% in the first quarter. Teachers Advisors Inc. now owns 454,335 shares of the company’s stock worth $12,004,000 after buying an additional 135,518 shares during the period. Tobam bought a new position in H&R Block during the first quarter worth $8,590,000. Arizona State Retirement System increased its position in H&R Block by 2.6% in the first quarter. Arizona State Retirement System now owns 89,608 shares of the company’s stock worth $2,367,000 after buying an additional 2,300 shares during the period. Park National Corp OH increased its position in H&R Block by 12.3% in the second quarter. Park National Corp OH now owns 13,192 shares of the company’s stock worth $303,000 after buying an additional 1,442 shares during the period. Finally, Exxonmobil Investment Management Inc. TX increased its position in H&R Block by 1.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 58,088 shares of the company’s stock worth $1,336,000 after buying an additional 640 shares during the period. 93.05% of the stock is currently owned by institutional investors and hedge funds.
H&R Block (NYSE:HRB) traded down 1.14% during midday trading on Tuesday, reaching $22.56. The company’s stock had a trading volume of 1,402,865 shares. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 15.26 and a beta of 0.70. H&R Block has a 12 month low of $19.18 and a 12 month high of $37.53. The stock’s 50-day moving average price is $23.04 and its 200-day moving average price is $23.08.
H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 30th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.02. The firm earned $125 million during the quarter. H&R Block had a negative return on equity of 202.63% and a net margin of 11.58%. H&R Block’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period last year, the business earned ($0.35) EPS. Analysts predict that H&R Block will post $1.74 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Wednesday, September 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Monday, September 12th. H&R Block’s dividend payout ratio (DPR) is presently 52.69%.
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.
Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.