H & R Block Inc (HRB) Price Target Increased to $32.00 by Analysts at Barrington Research
H & R Block Inc (NYSE:HRB) had its target price lifted by Barrington Research from $28.00 to $32.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target suggests a potential upside of 6.95% from the stock’s previous close.
A number of other equities research analysts have also recently commented on HRB. Zacks Investment Research upgraded shares of H & R Block from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Thursday, March 9th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H & R Block in a research note on Friday, March 10th. BMO Capital Markets restated a “hold” rating on shares of H & R Block in a research note on Sunday, March 12th. Finally, BTIG Research restated a “buy” rating and set a $17.00 target price on shares of H & R Block in a research note on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.67.
H & R Block (HRB) traded up 2.27% during mid-day trading on Monday, hitting $30.60. 2,675,508 shares of the stock traded hands. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 16.07 and a beta of 0.58. H & R Block has a 1-year low of $19.85 and a 1-year high of $30.77. The company’s 50 day moving average price is $26.26 and its 200-day moving average price is $23.61.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.53 by $0.23. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $3.16 EPS. H & R Block’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts predict that H & R Block will post $2.00 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd will be issued a dividend of $0.24 per share. This is a positive change from H & R Block’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, June 21st. H & R Block’s dividend payout ratio (DPR) is 43.78%.
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A number of large investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of H & R Block during the first quarter worth about $1,693,000. Achmea Investment Management B.V. bought a new stake in shares of H & R Block during the first quarter worth about $1,106,000. Bank of Nova Scotia bought a new stake in shares of H & R Block during the first quarter worth about $991,000. Salem Investment Counselors Inc. bought a new stake in shares of H & R Block during the first quarter worth about $136,000. Finally, Janus Capital Management LLC raised its stake in shares of H & R Block by 76.0% in the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock worth $11,535,000 after buying an additional 214,206 shares during the period. 94.19% of the stock is owned by institutional investors and hedge funds.
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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