H&R Block, Inc. (NYSE:HRB) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

HRB has been the topic of several other reports. BTIG Research raised their price objective on H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research raised H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, May 24th. Barrington Research raised their price objective on H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. BMO Capital Markets raised their price objective on H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $29.00 price objective (up from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.67.

H&R Block (HRB) traded down 2.30% on Friday, reaching $30.53. The company’s stock had a trading volume of 2,126,298 shares. The firm has a 50-day moving average of $27.73 and a 200 day moving average of $24.16. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 16.03 and a beta of 0.54. H&R Block has a 12-month low of $19.85 and a 12-month high of $31.70.

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

The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 23rd were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. 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 dividend yield of 3.14%. H&R Block’s payout ratio is currently 47.76%.

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In other news, insider William C. Cobb sold 750,000 shares of H&R Block stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total value 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 is accessible through this hyperlink. Also, Director David B. Lewis sold 8,000 shares of H&R Block stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $30.01, for a total value of $240,080.00. Following the completion of the sale, the director now directly owns 82,083 shares in the company, valued at $2,463,310.83. The disclosure for this sale can be found here. Insiders sold 1,469,740 shares of company stock worth $45,195,680 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised 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 in the last quarter. TrimTabs Asset Management LLC raised 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of 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 worth $122,000 after buying an additional 695 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of H&R Block during the first quarter worth about $122,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of H&R Block during the first quarter worth about $136,000. 92.99% of the stock is currently owned by hedge funds and other 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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