H&R Block (NYSE:HRB) Price Target Raised to $38.00

H&R Block (NYSE:HRBFree Report) had its price objective lifted by The Goldman Sachs Group from $34.00 to $38.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a sell rating on the stock.

HRB has been the subject of several other reports. Barrington Research boosted their price objective on shares of H&R Block from $44.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, November 8th. StockNews.com upgraded shares of H&R Block from a hold rating to a buy rating in a report on Friday, December 15th.

Get Our Latest Stock Report on HRB

H&R Block Stock Up 2.7 %

Shares of HRB opened at $46.93 on Wednesday. H&R Block has a one year low of $28.83 and a one year high of $49.14. The company has a market cap of $6.55 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.87 and a beta of 0.70. The company has a debt-to-equity ratio of 46.44, a current ratio of 1.21 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $46.95 and a two-hundred day simple moving average of $43.03.

H&R Block (NYSE:HRBGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, beating the consensus estimate of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The business had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. During the same period in the previous year, the business earned ($1.37) earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Research analysts forecast that H&R Block will post 4.22 EPS for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.73%. H&R Block’s dividend payout ratio (DPR) is presently 35.26%.

Insider Transactions at H&R Block

In related news, CFO Tony G. Bowen sold 46,892 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $47.10, for a total value of $2,208,613.20. Following the completion of the sale, the chief financial officer now directly owns 125,591 shares in the company, valued at $5,915,336.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of H&R Block

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC increased its holdings in H&R Block by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 26,269 shares of the company’s stock valued at $1,271,000 after purchasing an additional 9,037 shares during the period. Advisory Services Network LLC acquired a new stake in H&R Block in the fourth quarter valued at $83,000. Orion Portfolio Solutions LLC acquired a new stake in H&R Block in the fourth quarter valued at $628,000. SageView Advisory Group LLC acquired a new stake in H&R Block in the fourth quarter valued at $439,000. Finally, Commerce Bank boosted its position in H&R Block by 1.3% during the fourth quarter. Commerce Bank now owns 46,705 shares of the company’s stock valued at $2,259,000 after acquiring an additional 599 shares during the last quarter. 90.89% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Company Profile

(Get Free Report)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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