H & R Block Inc (HRB) Given Average Rating of “Hold” by Brokerages

H & R Block Inc (NYSE:HRB) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.81.

A number of brokerages have commented on HRB. BTIG Research reiterated a “sell” rating and issued a $21.00 target price on shares of H & R Block in a report on Sunday, March 11th. ValuEngine upgraded shares of H & R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, February 6th. Goldman Sachs began coverage on shares of H & R Block in a report on Tuesday, March 27th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $28.00 target price (up from $27.00) on shares of H & R Block in a report on Wednesday, March 7th.

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Hedge funds have recently modified their holdings of the company. Jane Street Group LLC grew its stake in shares of H & R Block by 428.4% during the third quarter. Jane Street Group LLC now owns 157,081 shares of the company’s stock worth $4,160,000 after acquiring an additional 127,356 shares during the last quarter. Sei Investments Co. grew its stake in shares of H & R Block by 64.6% during the third quarter. Sei Investments Co. now owns 20,244 shares of the company’s stock worth $550,000 after acquiring an additional 7,946 shares during the last quarter. American International Group Inc. grew its stake in shares of H & R Block by 610.5% during the fourth quarter. American International Group Inc. now owns 471,272 shares of the company’s stock worth $12,357,000 after acquiring an additional 404,941 shares during the last quarter. Legal & General Group Plc grew its stake in shares of H & R Block by 0.9% during the third quarter. Legal & General Group Plc now owns 1,242,280 shares of the company’s stock worth $32,899,000 after acquiring an additional 11,614 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of H & R Block by 217.3% during the third quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock worth $36,392,000 after acquiring an additional 941,182 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

H & R Block stock traded down $0.33 during trading hours on Friday, reaching $25.51. The stock had a trading volume of 2,693,479 shares, compared to its average volume of 3,104,110. The company has a market capitalization of $5,402.34, a PE ratio of 13.02, a P/E/G ratio of 0.85 and a beta of 0.29. The company has a debt-to-equity ratio of -3.27, a quick ratio of 1.93 and a current ratio of 1.93. H & R Block has a 52 week low of $22.82 and a 52 week high of $31.80.

H & R Block (NYSE:HRB) last announced its earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.13. The business had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) earnings per share. equities analysts predict that H & R Block will post 2.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Tuesday, March 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.76%. H & R Block’s payout ratio is 48.98%.

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H & R Block Company Profile

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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