Analysts Set H&R Block Inc. (NYSE:HRB) PT at $30.14
Shares of H&R Block Inc. (NYSE:HRB) have been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the firm. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $30.14.
A number of brokerages have commented on HRB. Macquarie began coverage on shares of H&R Block in a research report on Thursday, August 25th. They set an “outperform” rating and a $28.00 price target on the stock. Credit Suisse Group AG reaffirmed a “hold” rating and set a $22.00 price target on shares of H&R Block in a research report on Friday, June 10th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $28.00 price target (down previously from $29.00) on shares of H&R Block in a research report on Wednesday, August 31st. BMO Capital Markets upped their price target on shares of H&R Block from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, August 31st. Finally, BTIG Research reaffirmed a “hold” rating on shares of H&R Block in a research report on Sunday, June 12th.
H&R Block (NYSE:HRB) opened at 22.77 on Tuesday. The company has a market cap of $4.99 billion, a PE ratio of 15.41 and a beta of 0.70. The company’s 50-day moving average price is $22.90 and its 200-day moving average price is $23.04. H&R Block has a 12-month low of $19.18 and a 12-month high of $37.53.
H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 30th. The company reported ($0.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.02. The firm had revenue of $125 million for the quarter. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The company’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.35) earnings per share. Equities analysts anticipate that H&R Block will post $1.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Wednesday, September 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.86%. H&R Block’s dividend payout ratio is presently 52.69%.
In other H&R Block news, SVP Gregory J. Macfarlane bought 4,618 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were bought at an average price of $21.65 per share, for a total transaction of $99,979.70. Following the acquisition, the senior vice president now directly owns 121,707 shares of the company’s stock, valued at approximately $2,634,956.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of HRB. State of Alaska Department of Revenue acquired a new stake in H&R Block during the second quarter worth $1,662,000. Capital One National Association purchased a new stake in H&R Block during the second quarter valued at approximately $214,000. Punch & Associates Investment Management Inc. raised its stake in H&R Block by 1.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 104,284 shares of the company’s stock valued at $2,399,000 after buying an additional 1,291 shares during the period. Nisa Investment Advisors LLC raised its stake in H&R Block by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 71,385 shares of the company’s stock valued at $1,642,000 after buying an additional 3,625 shares during the period. Finally, Villere ST Denis J & Co. LLC raised its stake in H&R Block by 37.4% in the second quarter. Villere ST Denis J & Co. LLC now owns 168,200 shares of the company’s stock valued at $3,868,000 after buying an additional 45,800 shares during the period. Institutional investors own 93.05% of the company’s stock.
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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