H & R Block Inc (NYSE:HRB) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.95.

HRB has been the topic of a number of research reports. Morgan Stanley decreased their price objective on H & R Block from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. They noted that the move was a valuation call. BMO Capital Markets decreased their price objective on H & R Block from $29.00 to $25.00 and set a “market perform” rating on the stock in a report on Wednesday, June 13th. ValuEngine lowered H & R Block from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 13th. Barrington Research decreased their price objective on H & R Block from $32.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, June 14th. Finally, TheStreet raised H & R Block from a “c+” rating to a “b” rating in a report on Tuesday, June 12th.

In other news, insider Thomas A. Gerke sold 70,000 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the sale, the insider now directly owns 68,073 shares of the company’s stock, valued at approximately $1,806,657.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HRB. BlackRock Inc. lifted its position in shares of H & R Block by 20.5% during the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock worth $582,902,000 after buying an additional 4,356,920 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of H & R Block by 9.0% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 4,338,300 shares of the company’s stock worth $98,826,000 after buying an additional 359,700 shares during the last quarter. Northern Trust Corp lifted its position in shares of H & R Block by 5.3% during the 2nd quarter. Northern Trust Corp now owns 3,284,789 shares of the company’s stock worth $74,828,000 after buying an additional 166,316 shares during the last quarter. Millennium Management LLC lifted its position in shares of H & R Block by 2,092.5% during the 2nd quarter. Millennium Management LLC now owns 3,162,665 shares of the company’s stock worth $72,046,000 after buying an additional 3,018,414 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of H & R Block by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 2,759,036 shares of the company’s stock worth $62,851,000 after buying an additional 366,183 shares during the last quarter. 95.62% of the stock is currently owned by institutional investors.

NYSE HRB traded up $0.14 on Friday, reaching $25.93. The stock had a trading volume of 164,351 shares, compared to its average volume of 2,839,975. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. H & R Block has a 1-year low of $22.45 and a 1-year high of $29.81. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.32 and a beta of 0.15.

H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 28th. The company reported ($0.72) EPS for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.05. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $137.57 million. During the same period in the prior year, the firm posted ($0.62) EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. equities analysts anticipate that H & R Block will post 1.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Wednesday, September 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, September 11th. H & R Block’s dividend payout ratio (DPR) is currently 33.56%.

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

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