H&R Block, Inc. (NYSE:HRB)‘s stock had its “market perform” rating reaffirmed by investment analysts at BMO Capital Markets in a research report issued on Thursday, August 31st. They currently have a $31.00 price objective on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 20.67% from the company’s current price.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research cut shares of H&R Block from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Northcoast Research reissued a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $30.00 price target (up previously from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. BTIG Research reaffirmed a “sell” rating and issued a $19.00 price target on shares of H&R Block in a report on Tuesday, August 29th. Finally, BidaskClub cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.71.
H&R Block (NYSE:HRB) traded down 1.19% during mid-day trading on Thursday, reaching $25.69. The company had a trading volume of 2,852,325 shares. H&R Block has a one year low of $19.85 and a one year high of $31.80. The stock has a market capitalization of $5.34 billion, a PE ratio of 13.55 and a beta of 0.56. The company’s 50-day moving average is $29.76 and its 200-day moving average is $26.70.
H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.62). H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The firm had revenue of $138 million for the quarter, compared to the consensus estimate of $129.33 million. During the same period last year, the firm earned ($0.56) earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that H&R Block will post $1.97 earnings per share for the current year.
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In other news, Director Tom D. Seip sold 6,300 shares of H&R Block stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the sale, the director now owns 91,071 shares in the company, valued at $2,717,558.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David B. Lewis sold 8,000 shares of H&R Block stock in a transaction dated 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 in the company, valued at approximately $2,463,310.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,473,471 shares of company stock worth $45,309,203. Company insiders own 0.63% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its stake in shares of H&R Block by 838.9% in the second 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 in the last quarter. Toronto Dominion Bank raised its stake in H&R Block by 25.3% during the second quarter. Toronto Dominion Bank now owns 70,179 shares of the company’s stock worth $2,169,000 after purchasing an additional 14,154 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in H&R Block during the second quarter worth about $1,299,000. Koch Industries Inc. purchased a new position in H&R Block during the second quarter worth about $349,000. Finally, Piedmont Investment Advisors LLC purchased a new position in H&R Block during the second quarter worth about $2,706,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.
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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