H & R Block (NYSE:HRB) had its price target raised by analysts at Morgan Stanley from $26.00 to $27.00 in a report released on Friday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 0.15% from the stock’s previous close.
A number of other brokerages also recently weighed in on HRB. Zacks Investment Research reaffirmed a “hold” rating on shares of H & R Block in a research note on Tuesday, November 13th. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Finally, Barrington Research reissued a “buy” rating and set a $27.00 price target on shares of H & R Block in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.81.
Shares of NYSE HRB traded down $0.66 on Friday, reaching $27.04. 4,595,821 shares of the company’s stock traded hands, compared to its average volume of 2,606,558. H & R Block has a 12 month low of $22.45 and a 12 month high of $29.81. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 1.45 and a beta of 0.09. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.27 and a current ratio of 2.27.
H & R Block (NYSE:HRB) last announced its earnings results on Thursday, December 6th. The company reported ($0.83) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.93) by $0.10. H & R Block had a net margin of 17.90% and a negative return on equity of 1,557.56%. The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $139.80 million. During the same quarter last year, the firm earned ($0.71) earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts forecast that H & R Block will post 1.91 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in HRB. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of H & R Block by 4.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 663,601 shares of the company’s stock valued at $15,117,000 after acquiring an additional 29,098 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of H & R Block during the second quarter valued at approximately $109,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of H & R Block during the second quarter valued at approximately $247,000. Barings LLC increased its position in shares of H & R Block by 80.0% during the second quarter. Barings LLC now owns 109,805 shares of the company’s stock valued at $2,501,000 after acquiring an additional 48,800 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of H & R Block during the second quarter valued at approximately $499,000. 94.64% of the stock is owned by institutional investors.
About H & R Block
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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