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.
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