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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