H&R Block, Inc. (HRB) Price Target Raised to $32.00 at Barrington Research

H&R Block, Inc. (NYSE:HRB) had its target price upped by Barrington Research from $28.00 to $32.00 in a report released on Monday. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. Morgan Stanley lifted their target price on shares of H&R Block from $24.00 to $27.00 and gave the company an equal weight rating in a research report on Wednesday, June 14th. BTIG Research lifted their target price on shares of H&R Block from $17.00 to $19.00 and gave the company a sell rating in a research 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 $30.00 target price on the stock in a research report on Wednesday, June 7th. Credit Suisse Group reiterated a neutral rating and set a $29.00 target price (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Finally, BMO Capital Markets lifted their target price on shares of H&R Block from $26.00 to $31.00 and gave the company a market perform rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $27.67.

H&R Block (NYSE HRB) traded down 1.05% during midday trading on Monday, reaching $30.30. 1,023,059 shares of the company traded hands. H&R Block has a 12 month low of $19.85 and a 12 month high of $30.77. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 15.91 and a beta of 0.58. The firm’s 50 day moving average price is $26.43 and its 200 day moving average price is $23.69.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating 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 business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business earned $3.16 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. On average, analysts expect 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 paid a $0.24 dividend. The ex-dividend date is Wednesday, June 21st. This is an increase 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 43.78%.

In other H&R Block news, Director Tom D. Seip sold 6,300 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the completion of the transaction, the director now directly owns 91,071 shares of the company’s stock, valued at $2,717,558.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position 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 increased its position 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. increased its position 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. bought a new position in shares of H&R Block during the first quarter worth $122,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of H&R Block during the first quarter worth $136,000. 94.19% of the stock is owned by 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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