H&R Block’s (HRB) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of H&R Block (NYSE:HRB) in a research report report published on Wednesday morning, Benzinga reports. Barrington Research currently has a $55.00 target price on the stock.

Several other research firms have also recently weighed in on HRB. StockNews.com raised shares of H&R Block from a hold rating to a buy rating in a report on Thursday, March 7th. The Goldman Sachs Group increased their price target on H&R Block from $34.00 to $38.00 and gave the company a sell rating in a report on Wednesday, February 7th.

H&R Block Trading Up 1.0 %

H&R Block stock opened at $47.69 on Wednesday. H&R Block has a 12 month low of $28.83 and a 12 month high of $52.90. The business’s fifty day simple moving average is $47.73 and its two-hundred day simple moving average is $46.50. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.58) by $0.31. The firm had revenue of $179.10 million for the quarter, compared to the consensus estimate of $169.45 million. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.37) earnings per share. On average, equities research analysts predict that H&R Block will post 4.25 EPS for the current year.

Insider Activity at H&R Block

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the transaction, the chief executive officer now owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On H&R Block

A number of hedge funds have recently bought and sold shares of HRB. Exchange Traded Concepts LLC boosted its holdings in shares of H&R Block by 91.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the period. Mather Group LLC. purchased a new stake in H&R Block in the 1st quarter worth about $28,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of H&R Block by 1,200.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock valued at $28,000 after buying an additional 600 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of H&R Block in the fourth quarter worth approximately $37,000. Finally, Assetmark Inc. bought a new stake in shares of H&R Block during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.