H&R Block Inc. (NYSE:HRB)‘s stock had its “sell” rating restated by equities research analysts at BTIG Research in a research report issued on Monday. They presently have a $18.00 price target on the stock. BTIG Research’s price target suggests a potential downside of 24.94% from the company’s previous close.
A number of other research firms have also recently commented on HRB. Macquarie began coverage on H&R Block in a research report on Thursday, August 25th. They set an “outperform” rating and a $28.00 price objective for the company. Piper Jaffray Cos. reiterated an “overweight” rating and set a $28.00 price objective (down previously from $29.00) on shares of H&R Block in a research report on Wednesday, August 31st. BMO Capital Markets upped their price objective on H&R Block from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, August 31st. Morgan Stanley cut H&R Block from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $26.00 to $25.00 in a research report on Wednesday, November 16th. Finally, Zacks Investment Research cut H&R Block from a “hold” rating to a “sell” rating in a research report on Friday, November 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. H&R Block has a consensus rating of “Hold” and an average price target of $27.77.
Shares of H&R Block (NYSE:HRB) opened at 23.98 on Monday. The firm has a 50 day moving average price of $22.87 and a 200 day moving average price of $22.78. H&R Block has a 12-month low of $19.18 and a 12-month high of $37.35. The stock has a market cap of $5.25 billion, a PE ratio of 16.22 and a beta of 0.58.
H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 30th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.02. The firm had revenue of $125 million for the quarter. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The business’s revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.35) EPS. On average, equities analysts expect that H&R Block will post $1.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, December 1st. H&R Block’s dividend payout ratio (DPR) is 52.69%.
In other H&R Block news, SVP Gregory J. Macfarlane acquired 4,618 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was purchased at an average price of $21.65 per share, with a total value of $99,979.70. Following the completion of the purchase, the senior vice president now directly owns 121,707 shares in the company, valued at approximately $2,634,956.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Nuveen Fund Advisors LLC acquired a new position in H&R Block during the third quarter worth $371,000. Ontario Teachers Pension Plan Board raised its position in shares of H&R Block by 4.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 38,945 shares of the company’s stock worth $902,000 after buying an additional 1,635 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of H&R Block during the third quarter worth approximately $5,112,000. Virtus Investment Advisers Inc. purchased a new position in shares of H&R Block during the third quarter worth approximately $131,000. Finally, UBS Group AG raised its position in shares of H&R Block by 30.0% in the third quarter. UBS Group AG now owns 235,809 shares of the company’s stock worth $5,459,000 after buying an additional 54,391 shares during the last quarter. 91.35% of the stock is owned by hedge funds and other institutional investors.
H&R Block Company Profile