BidaskClub lowered shares of H&R Block, Inc. (NYSE:HRB) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other research analysts also recently commented on HRB. BTIG Research reiterated a sell rating and set a $17.00 price objective on shares of H&R Block in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of H&R Block from a buy rating to a hold rating in a research note on Tuesday, May 23rd. Morgan Stanley increased their price objective on shares of H&R Block from $24.00 to $27.00 and gave the company an equal weight rating in a research note on Wednesday, June 14th. Credit Suisse Group reiterated a neutral rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. Finally, BMO Capital Markets increased their price objective on shares of H&R Block from $26.00 to $31.00 and gave the company a market perform rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $27.63.

H&R Block (NYSE HRB) opened at 29.71 on Wednesday. The company has a 50-day moving average of $30.50 and a 200-day moving average of $26.30. 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 $6.16 billion, a P/E ratio of 15.60 and a beta of 0.54.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.23. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm earned $3.16 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that H&R Block will post $1.99 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.23%. H&R Block’s dividend payout ratio (DPR) is 47.76%.

In other H&R Block news, insider William C. Cobb sold 750,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the sale, the insider now directly owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom D. Seip sold 6,300 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $29.84, for a total transaction of $187,992.00. Following the sale, the director now directly owns 91,071 shares in the company, valued at $2,717,558.64. The disclosure for this sale can be found here. Insiders have sold 1,473,471 shares of company stock worth $45,309,203 over the last three months. 0.63% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. acquired a new stake in shares of H&R Block during the second quarter worth $114,000. Victory Capital Management Inc. boosted its stake in shares of H&R Block by 7.9% in the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after buying an additional 296 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of H&R Block by 58.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock worth $106,000 after buying an additional 1,682 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock worth $108,000 after buying an additional 2,184 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of H&R Block during the first quarter worth $122,000. 91.45% of the stock is currently owned by 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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