H & R Block Inc (HRB) Receives Average Recommendation of “Hold” from Brokerages
Shares of H & R Block Inc (NYSE:HRB) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.67.
HRB has been the topic of several analyst reports. Northcoast Research raised H & R Block from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $25.02 to $24.69 in a research report on Monday, March 5th. ValuEngine raised H & R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised H & R Block from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, February 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $28.00 price objective (up from $27.00) on shares of H & R Block in a research report on Wednesday. Finally, Oppenheimer reaffirmed a “hold” rating on shares of H & R Block in a research report on Thursday, December 7th.
Shares of H & R Block (NYSE:HRB) traded up $0.02 on Tuesday, hitting $27.69. The stock had a trading volume of 5,331,338 shares, compared to its average volume of 4,060,000. The company has a debt-to-equity ratio of -3.27, a quick ratio of 1.13 and a current ratio of 1.93. H & R Block has a 12-month low of $22.16 and a 12-month high of $31.80. The company has a market cap of $5,790.00, a PE ratio of 22.88, a P/E/G ratio of 0.91 and a beta of 0.40.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.96 annualized dividend and a dividend yield of 3.47%. H & R Block’s dividend payout ratio (DPR) is 79.34%.
Several large investors have recently bought and sold shares of HRB. Nationwide Fund Advisors increased its stake in shares of H & R Block by 35.7% in the 3rd quarter. Nationwide Fund Advisors now owns 302,295 shares of the company’s stock worth $8,005,000 after purchasing an additional 79,452 shares in the last quarter. First Trust Advisors LP increased its stake in shares of H & R Block by 3.1% in the 3rd quarter. First Trust Advisors LP now owns 273,146 shares of the company’s stock worth $7,233,000 after purchasing an additional 8,208 shares in the last quarter. Aperio Group LLC increased its stake in shares of H & R Block by 15.3% in the 3rd quarter. Aperio Group LLC now owns 86,003 shares of the company’s stock worth $2,277,000 after purchasing an additional 11,393 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in shares of H & R Block by 5.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 125,649 shares of the company’s stock worth $3,327,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of H & R Block in the 3rd quarter worth $515,000. Hedge funds and other institutional investors own 98.47% of the company’s stock.
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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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