H&R Block’s (HRB) Outperform Rating Reaffirmed at Barrington Research
H&R Block, Inc. (NYSE:HRB)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research report issued on Monday. They presently have a $32.00 price target on the stock, up from their previous price target of $28.00. Barrington Research’s target price would suggest a potential upside of 6.95% from the company’s previous close.
HRB has been the topic of several other research reports. BTIG Research raised their target price on shares of H&R Block from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a report on Friday, March 10th. Finally, BMO Capital Markets raised their target price on shares of H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. H&R Block has an average rating of “Hold” and a consensus target price of $27.67.
Shares of H&R Block (HRB) opened at 30.03 on Monday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 15.77 and a beta of 0.58. The firm’s 50-day moving average is $26.26 and its 200-day moving average is $23.61. H&R Block has a 12-month low of $19.85 and a 12-month high of $30.08.
H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business earned $3.16 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts predict that H&R Block will post $2.00 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 23rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.96 annualized dividend and a yield of 3.21%. This is a boost from H&R Block’s previous quarterly dividend of $0.22. H&R Block’s payout ratio is 43.78%.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in H&R Block by 59.4% in the second quarter. Creative Planning now owns 4,579 shares of the company’s stock valued at $105,000 after buying an additional 1,706 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $106,000 after buying an additional 1,682 shares during the period. TrimTabs Asset Management LLC boosted its stake in H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock valued at $108,000 after buying an additional 2,184 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in H&R Block by 15.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,343 shares of the company’s stock valued at $122,000 after buying an additional 695 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in H&R Block during the first quarter valued at $122,000. Institutional investors and hedge funds own 94.19% 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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