H & R Block (HRB) Stock Rating Lowered by Zacks Investment Research

H & R Block (NYSE:HRB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “H&R Block has underperformed the industry in the last three months. Its debt-to-equity ratio compares unfavorably with the sector average. Additionally, the cash position of the company is fluctuating in nature. H&R Block is highly susceptible to cyber attacks including computer viruses, malicious codes, worms, phishing attacks, social engineering, denial of service attacks and other sophisticated attacks. The company also faces huge litigations in connection with its various operating activities. H&R Block is further exposed to employment related lawsuits in various parts of the country and compliance fee litigation in Missouri state and federal courts. Such litigations weigh on investor sentiment and hamper the company’s goodwill. However, H&R Block has made several enhancements to its online digital tax software to improve monetization and conversion.”

Other research analysts also recently issued reports about the company. ValuEngine downgraded H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Oppenheimer reiterated a “hold” rating on shares of H & R Block in a research note on Thursday, December 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $30.00 price objective on shares of H & R Block in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. H & R Block currently has a consensus rating of “Hold” and an average target price of $27.60.

Shares of H & R Block (HRB) traded up $0.28 during trading hours on Tuesday, hitting $26.36. The company had a trading volume of 1,980,000 shares, compared to its average volume of 3,040,000. The company has a market cap of $5,510.00, a P/E ratio of 13.95, a PEG ratio of 1.22 and a beta of 0.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of -3.62. H & R Block has a 52 week low of $19.85 and a 52 week high of $31.80.

H & R Block (NYSE:HRB) last announced its quarterly earnings data on Wednesday, December 6th. The company reported ($0.71) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.72) by $0.01. The company had revenue of $140.85 million during the quarter, compared to the consensus estimate of $131.24 million. H & R Block had a negative return on equity of 110.06% and a net margin of 12.90%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.67) EPS. research analysts predict that H & R Block will post 1.95 EPS for the current year.

A number of hedge funds have recently bought and sold shares of HRB. APG Asset Management N.V. boosted its stake in H & R Block by 70.5% in the 3rd quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock worth $107,669,000 after purchasing an additional 1,681,474 shares during the period. Lord Abbett & CO. LLC boosted its stake in H & R Block by 838.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after purchasing an additional 1,303,700 shares during the period. American Century Companies Inc. boosted its stake in H & R Block by 94.4% in the 3rd quarter. American Century Companies Inc. now owns 2,316,675 shares of the company’s stock worth $61,346,000 after purchasing an additional 1,124,910 shares during the period. Wells Fargo & Company MN boosted its stake in H & R Block by 217.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock worth $36,392,000 after purchasing an additional 941,182 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in H & R Block by 422.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,128,405 shares of the company’s stock worth $29,880,000 after purchasing an additional 912,500 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

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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.

Analyst Recommendations for H & R Block (NYSE:HRB)

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