Morgan Stanley reiterated their equal weight rating on shares of H & R Block (NYSE:HRB) in a research report released on Wednesday morning. The firm currently has a $28.00 target price on the stock, up from their previous target price of $27.00.
A number of other brokerages have also recently commented on HRB. BMO Capital Markets reaffirmed a market perform rating and set a $30.00 price target on shares of H & R Block in a research report on Thursday, December 7th. Oppenheimer reaffirmed a hold rating on shares of H & R Block in a research report on Thursday, December 7th. Zacks Investment Research cut H & R Block from a hold rating to a sell rating in a research report on Friday, December 8th. ValuEngine cut H & R Block from a buy rating to a hold rating in a research report on Wednesday, January 31st. Finally, Northcoast Research raised H & R Block from a neutral rating to a buy rating and dropped their price target for the company from $25.02 to $24.69 in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. H & R Block presently has a consensus rating of Hold and an average target price of $27.38.
H & R Block (HRB) opened at $27.69 on Wednesday. The stock has a market capitalization of $5,789.12, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 0.91 and a beta of 0.40. The company has a debt-to-equity ratio of -3.27, a current ratio of 1.93 and a quick ratio of 1.13. H & R Block has a 12 month low of $22.16 and a 12 month high of $31.80.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.47%. H & R Block’s dividend payout ratio is presently 80.00%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB lifted its holdings in H & R Block by 6.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 47,026 shares of the company’s stock worth $1,233,000 after purchasing an additional 2,994 shares in the last quarter. HM Payson & Co. purchased a new stake in H & R Block during the 4th quarter worth about $238,000. MetLife Investment Advisors LLC purchased a new stake in H & R Block during the 4th quarter worth about $1,696,000. Element Capital Management LLC purchased a new stake in H & R Block during the 4th quarter worth about $2,476,000. Finally, Vident Investment Advisory LLC lifted its holdings in H & R Block by 16.1% during the 4th quarter. Vident Investment Advisory LLC now owns 111,138 shares of the company’s stock worth $2,914,000 after purchasing an additional 15,422 shares in the last quarter. 98.47% of the stock is currently owned by institutional investors and hedge funds.
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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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