Several other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of H&R Block from a hold rating to a buy rating and set a $29.00 target price for the company in a research report on Wednesday, May 24th. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of H&R Block in a research report on Friday, March 10th. Finally, BMO Capital Markets reiterated a hold rating on shares of H&R Block in a research report on Sunday, March 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $27.67.
Shares of H&R Block (HRB) opened at 30.62 on Wednesday. The company has a market cap of $6.34 billion, a P/E ratio of 16.08 and a beta of 0.58. The stock’s 50 day moving average is $26.43 and its 200-day moving average is $23.69. H&R Block has a one year low of $19.85 and a one year high of $30.77.
H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the business earned $3.16 earnings per share. H&R Block’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts forecast that H&R Block will post $1.99 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, June 21st. This is a positive change from H&R Block’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 3.14%. H&R Block’s payout ratio is presently 43.78%.
In other H&R Block news, Director Tom D. Seip sold 6,300 shares of H&R Block stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $29.84, for a total transaction of $187,992.00. Following the completion of the sale, the director now directly owns 91,071 shares in the company, valued at $2,717,558.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HRB. BlackRock Inc. increased its position in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares during the period. Norges Bank acquired a new position in H&R Block during the fourth quarter valued at approximately $49,036,000. Ameriprise Financial Inc. increased its position in H&R Block by 1,108.4% in the first quarter. Ameriprise Financial Inc. now owns 977,722 shares of the company’s stock valued at $22,736,000 after buying an additional 896,811 shares during the period. JPMorgan Chase & Co. increased its position in H&R Block by 658.1% in the first quarter. JPMorgan Chase & Co. now owns 883,278 shares of the company’s stock valued at $20,535,000 after buying an additional 766,763 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in H&R Block during the first quarter valued at approximately $17,768,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors.
About H&R Block
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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