ValuEngine lowered shares of H&R Block, Inc. (NYSE:HRB) from a buy rating to a hold rating in a research report report published on Friday morning.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded H&R Block from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Zacks Investment Research raised H&R Block from a hold rating to a buy rating and set a $30.00 target price on the stock in a report on Thursday, June 1st. Morgan Stanley boosted their target price on H&R Block from $24.00 to $27.00 and gave the stock an equal weight rating in a report on Wednesday, June 14th. Finally, BMO Capital Markets boosted their target price on H&R Block from $26.00 to $31.00 and gave the stock a market perform rating in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $27.71.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). The business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.56) earnings per share.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders 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 yield of 3.59%. The ex-dividend date is Tuesday, September 12th. H&R Block’s dividend payout ratio (DPR) is currently 49.48%.

In other H&R Block news, insider William C. Cobb sold 387,740 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $31.19, for a total transaction of $12,093,610.60. Following the sale, the insider now directly owns 658,463 shares of the company’s stock, valued at approximately $20,537,460.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James F. Wright sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $30.67, for a total transaction of $306,700.00. Following the sale, the director now directly owns 40,676 shares in the company, valued at $1,247,532.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 702,171 shares of company stock worth $21,868,611. Company insiders own 0.63% of the company’s stock.

A number of large investors have recently made changes to their positions in HRB. Gateway Investment Advisers LLC grew its holdings in shares of H&R Block by 0.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock valued at $398,000 after acquiring an additional 35 shares in the last quarter. Veritable L.P. grew its holdings in shares of H&R Block by 0.3% during the 2nd quarter. Veritable L.P. now owns 13,151 shares of the company’s stock valued at $407,000 after acquiring an additional 37 shares in the last quarter. Private Bank & Trust Co. grew its holdings in shares of H&R Block by 0.3% during the 2nd quarter. Private Bank & Trust Co. now owns 16,720 shares of the company’s stock valued at $517,000 after acquiring an additional 53 shares in the last quarter. Advantus Capital Management Inc grew its holdings in shares of H&R Block by 0.3% during the 1st quarter. Advantus Capital Management Inc now owns 20,774 shares of the company’s stock valued at $483,000 after acquiring an additional 61 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of H&R Block by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $399,000 after acquiring an additional 200 shares in the last quarter. 90.26% of the stock is currently owned by institutional investors.

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

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