Brokerages Set H&R Block Inc. (HRB) Target Price at $30.14
H&R Block Inc. (NYSE:HRB) has been assigned an average rating of “Hold” from 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 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.14.
HRB has been the topic of a number of research analyst reports. Morgan Stanley reissued a “buy” rating and set a $26.00 price objective on shares of H&R Block in a research report on Wednesday, August 31st. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of H&R Block in a research report on Thursday, September 1st. BMO Capital Markets boosted their price objective 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 “neutral” rating on shares of H&R Block in a research report on Wednesday, August 31st.
Shares of H&R Block (NYSE:HRB) opened at 22.83 on Tuesday. The stock has a market cap of $5.00 billion, a P/E ratio of 15.45 and a beta of 0.58. H&R Block has a 12-month low of $19.18 and a 12-month high of $37.35. The company’s 50-day moving average is $22.74 and its 200-day moving average is $22.59.
H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.02. The company 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 for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. On average, equities research analysts anticipate that H&R Block will post $1.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, December 1st. H&R Block’s payout ratio is 52.69%.
In other news, SVP Gregory J. Macfarlane purchased 4,618 shares of the company’s 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 purchase, the senior vice president now directly owns 121,707 shares in the company, valued at approximately $2,634,956.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Palo Capital Inc. bought a new position in H&R Block during the second quarter valued at about $3,170,000. QUANTRES ASSET MANAGEMENT Ltd bought a new position in H&R Block during the second quarter valued at about $336,000. State of Alaska Department of Revenue bought a new position in H&R Block during the second quarter valued at about $1,662,000. Capital One National Association bought a new position in H&R Block during the second quarter valued at about $214,000. Finally, Punch & Associates Investment Management Inc. boosted its position 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 in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.
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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