Brokerages Set H&R Block, Inc. (HRB) Target Price at $27.33
Shares of H&R Block, Inc. (NYSE:HRB) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.33.
A number of research analysts have issued reports on the company. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of H&R Block in a report on Thursday, August 31st. Zacks Investment Research raised H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Wednesday, May 24th. BTIG Research reissued a “sell” rating and issued a $19.00 price target on shares of H&R Block in a report on Tuesday, August 29th. Northcoast Research reissued a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. Finally, BidaskClub downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.
In other news, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total transaction of $88,955.85. Following the completion of the transaction, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David B. Lewis sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $30.01, for a total value of $240,080.00. Following the transaction, the director now directly owns 82,083 shares of the company’s stock, valued at $2,463,310.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,467,171 shares of company stock valued at $45,121,211. Corporate insiders own 0.63% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its stake in shares of H&R Block by 838.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after buying an additional 1,303,700 shares during the period. Toronto Dominion Bank raised its stake in shares of H&R Block by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 70,179 shares of the company’s stock worth $2,169,000 after buying an additional 14,154 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of H&R Block during the 2nd quarter worth approximately $1,299,000. Koch Industries Inc. acquired a new position in shares of H&R Block during the 2nd quarter worth approximately $349,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of H&R Block during the 2nd quarter worth approximately $2,706,000. 90.28% of the stock is owned by institutional investors and hedge funds.
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Shares of H&R Block (HRB) traded down 1.986% during trading on Tuesday, hitting $25.915. 1,584,866 shares of the stock traded hands. The stock has a 50 day moving average of $29.08 and a 200 day moving average of $26.87. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 13.668 and a beta of 0.56. H&R Block has a 52-week low of $19.85 and a 52-week high of $31.80.
H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting the Zacks’ 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 quarter in the previous year, the company posted ($0.56) earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Analysts expect that H&R Block will post $1.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s payout ratio is 49.48%.
H&R Block Company Profile
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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