H & R Block (NYSE:HRB) Downgraded by Northcoast Research

Northcoast Research lowered shares of H & R Block (NYSE:HRB) from a buy rating to a neutral rating in a research report report published on Tuesday, BenzingaRatingsTable reports.

Several other research firms have also recently commented on HRB. ValuEngine cut shares of Wave Life Sciences from a buy rating to a hold rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a report on Wednesday, May 29th. Morgan Stanley boosted their price target on shares of General Mills from $49.00 to $52.00 and gave the stock an equal weight rating in a report on Thursday, June 27th. Finally, Barrington Research reiterated an outperform rating on shares of H & R Block in a report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. H & R Block has an average rating of Hold and an average price target of $26.50.

Shares of HRB opened at $28.13 on Tuesday. H & R Block has a fifty-two week low of $22.96 and a fifty-two week high of $29.62. The business’s 50 day simple moving average is $27.95. The stock has a market cap of $5.74 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.43 and a beta of 0.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.16 and a current ratio of 2.16.

H & R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, June 11th. The company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business posted $5.42 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that H & R Block will post 1.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 21st were issued a $0.26 dividend. This is a boost from H & R Block’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, June 20th. This represents a $1.04 annualized dividend and a dividend yield of 3.70%. H & R Block’s dividend payout ratio is presently 48.37%.

In other news, VP Kellie J. Logerwell sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total value of $86,040.00. Following the completion of the transaction, the vice president now owns 7,941 shares in the company, valued at approximately $227,747.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Strs Ohio boosted its holdings in shares of H & R Block by 4,724.4% in the 1st quarter. Strs Ohio now owns 122,540 shares of the company’s stock valued at $2,933,000 after buying an additional 120,000 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of H & R Block by 28.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 45,767 shares of the company’s stock valued at $1,096,000 after buying an additional 10,149 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of H & R Block by 51.0% in the 1st quarter. Teacher Retirement System of Texas now owns 968,619 shares of the company’s stock valued at $23,189,000 after buying an additional 327,026 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of H & R Block by 12.0% in the 4th quarter. Geode Capital Management LLC now owns 3,253,810 shares of the company’s stock valued at $82,432,000 after buying an additional 349,292 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of H & R Block by 9.3% in the 1st quarter. California Public Employees Retirement System now owns 1,373,090 shares of the company’s stock valued at $32,872,000 after buying an additional 116,542 shares in the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.

H & R Block Company Profile

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

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