H&R Block, Inc. (NYSE:HRB) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.00.
A number of equities research analysts recently weighed in on the stock. Barrington Research reiterated a “buy” rating and set a $28.00 price objective on shares of H&R Block in a report on Wednesday, June 16th. The Goldman Sachs Group lifted their price objective on shares of H&R Block from $16.00 to $18.00 and gave the company a “sell” rating in a report on Wednesday, August 25th. TheStreet upgraded shares of H&R Block from a “c” rating to a “b” rating in a report on Tuesday, June 15th. Finally, BMO Capital Markets lifted their price objective on shares of H&R Block from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, August 26th.
Shares of H&R Block stock traded up $0.10 during trading on Friday, hitting $25.54. The stock had a trading volume of 752,977 shares, compared to its average volume of 2,023,270. The firm’s fifty day simple moving average is $25.16 and its 200-day simple moving average is $23.88. The stock has a market cap of $4.64 billion, a PE ratio of 6.40, a PEG ratio of 0.71 and a beta of 0.84. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.46 and a quick ratio of 1.46. H&R Block has a 12 month low of $14.83 and a 12 month high of $26.51.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 10th will be issued a $0.27 dividend. The ex-dividend date is Thursday, September 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.23%. H&R Block’s dividend payout ratio is currently 27.41%.
In other news, insider Thomas A. Gerke sold 20,000 shares of the business’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $25.61, for a total value of $512,200.00. Following the completion of the sale, the insider now owns 102,970 shares in the company, valued at approximately $2,637,061.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas A. Gerke sold 32,881 shares of H&R Block stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $25.70, for a total transaction of $845,041.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,103 shares of company stock valued at $2,362,465. Company insiders own 0.98% of the company’s stock.
Several institutional investors have recently modified their holdings of HRB. Stonebridge Capital Advisors LLC purchased a new position in shares of H&R Block in the 1st quarter worth approximately $25,000. Corsicana & Co. purchased a new stake in H&R Block during the 2nd quarter worth approximately $25,000. Patriot Financial Group Insurance Agency LLC grew its position in H&R Block by 60.2% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,330 shares of the company’s stock worth $31,000 after purchasing an additional 500 shares during the last quarter. Bogart Wealth LLC grew its position in H&R Block by 161.3% during the 2nd quarter. Bogart Wealth LLC now owns 1,620 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in H&R Block during the 2nd quarter worth approximately $43,000. 82.10% of the stock is currently owned by hedge funds and other institutional investors.
About H&R Block
H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail; and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing.
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