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

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.

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

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