H&R Block (HRB) Rating Reiterated by BMO Capital Markets
BMO Capital Markets reaffirmed their market perform rating on shares of H&R Block (NYSE:HRB) in a research report released on Thursday morning, The Fly reports. BMO Capital Markets currently has a $30.00 price target on the stock.
Other equities analysts have also recently issued reports about the company. ValuEngine raised H&R Block from a hold rating to a buy rating in a report on Monday, October 2nd. BidaskClub raised H&R Block from a hold rating to a buy rating in a report on Wednesday, August 16th. Zacks Investment Research raised H&R Block from a sell rating to a hold rating in a report on Tuesday, October 31st. Oppenheimer reissued a market perform rating on shares of H&R Block in a report on Thursday, August 31st. Finally, Northcoast Research reissued a neutral rating on shares of H&R Block in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $27.60.
Shares of H&R Block (NYSE:HRB) opened at $27.22 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of -3.62. H&R Block has a 52-week low of $19.85 and a 52-week high of $31.80. The company has a market capitalization of $5,690.85, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.27 and a beta of 0.56.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.53%. H&R Block’s dividend payout ratio is 51.06%.
Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. acquired a new stake in H&R Block during the 2nd quarter valued at $114,000. Victory Capital Management Inc. increased its holdings in H&R Block by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $126,000 after purchasing an additional 296 shares in the last quarter. FDO Partners LLC acquired a new stake in H&R Block during the 3rd quarter valued at $203,000. Assetmark Inc. increased its holdings in H&R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $209,000 after purchasing an additional 4,170 shares in the last quarter. Finally, Profund Advisors LLC acquired a new stake in H&R Block during the 2nd quarter valued at $215,000. 95.51% of the stock is owned by hedge funds and other institutional investors.
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About H&R Block
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.
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