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.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set H&R Block, Inc. (HRB) Target Price at $27.33” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.dailypolitical.com/2017/09/15/brokerages-set-hr-block-inc-hrb-target-price-at-27-33.html.

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.

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

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.