H&R Block’s (NYSE:HRB) Market Perform Rating Reaffirmed at BMO Capital Markets

H&R Block, Inc. (NYSE:HRB)‘s stock had its “market perform” rating reaffirmed by research analysts at BMO Capital Markets in a research note issued on Thursday, August 31st. They presently have a $31.00 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 17.40% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Barrington Research raised their price target on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. BTIG Research reiterated a “sell” rating and issued a $19.00 target price on shares of H&R Block in a research note on Tuesday, August 29th. Credit Suisse Group reiterated a “neutral” rating and issued a $30.00 target price (up from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. Finally, Morgan Stanley lifted their target price on shares of H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. H&R Block currently has an average rating of “Hold” and a consensus price target of $27.71.

Shares of H&R Block (NYSE HRB) traded down 2.87% during midday trading on Thursday, hitting $25.68. The stock had a trading volume of 900,288 shares. H&R Block has a 52 week low of $19.85 and a 52 week high of $31.80. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 13.54 and a beta of 0.56. The stock’s 50-day moving average price is $29.08 and its 200 day moving average price is $26.87.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). The company had revenue of $138.00 million for the quarter, compared to the consensus estimate of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.56) EPS. On average, equities analysts forecast that H&R Block will post $1.97 earnings per share for the current year.

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In other news, Director David B. Lewis sold 8,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $30.01, for a total transaction of $240,080.00. Following the completion of the sale, the director now owns 82,083 shares of the company’s stock, valued at $2,463,310.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The disclosure for this sale can be found here. In the last three months, insiders sold 1,467,171 shares of company stock valued at $45,121,211. 0.63% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of H&R Block by 58.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock valued at $106,000 after acquiring an additional 1,682 shares during the last quarter. TrimTabs Asset Management LLC lifted its position in H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock valued at $108,000 after buying an additional 2,184 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in H&R Block in the second quarter valued at about $114,000. Ameritas Investment Partners Inc. acquired a new position in H&R Block in the first quarter valued at about $122,000. Finally, Victory Capital Management Inc. lifted its position in H&R Block by 7.9% in the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $126,000 after buying an additional 296 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other 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.

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

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