BidaskClub downgraded shares of H&R Block, Inc. (NYSE:HRB) from a buy rating to a hold rating in a research note published on Thursday morning.

A number of other equities research analysts also recently weighed in on the company. BTIG Research reissued a sell rating and set a $17.00 target price on shares of H&R Block in a report on Monday, May 1st. Zacks Investment Research downgraded H&R Block from a buy rating to a hold rating in a report on Tuesday, May 23rd. Credit Suisse Group reissued a neutral rating and set a $29.00 target price (up previously from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. BMO Capital Markets lifted their target price on H&R Block from $26.00 to $31.00 and gave the stock a market perform rating in a report on Friday, June 16th. Finally, Barrington Research lifted their target price on H&R Block from $28.00 to $32.00 and gave the stock an outperform rating in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. H&R Block has a consensus rating of Hold and an average price target of $27.67.

Shares of H&R Block (NYSE:HRB) traded up 0.26% during trading on Thursday, hitting $30.31. 612,860 shares of the stock were exchanged. The company has a market cap of $6.28 billion, a P/E ratio of 15.92 and a beta of 0.54. H&R Block has a 1-year low of $19.85 and a 1-year high of $31.70. The firm’s 50-day moving average is $30.31 and its 200 day moving average is $25.22.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.53 by $0.23. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that H&R Block will post $1.99 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 23rd were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Wednesday, June 21st. This is an increase from H&R Block’s previous quarterly dividend of $0.22. H&R Block’s payout ratio is 47.76%.

In related news, insider William C. Cobb sold 387,740 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $31.19, for a total value of $12,093,610.60. Following the completion of the transaction, the insider now owns 658,463 shares of the company’s stock, valued at $20,537,460.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the transaction, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,473,471 shares of company stock valued at $45,309,203. 1.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HRB. Gateway Investment Advisers LLC increased its position in shares of H&R Block by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock valued at $398,000 after buying an additional 35 shares during the last quarter. Private Bank & Trust Co. increased its position in shares of H&R Block by 0.3% in the second quarter. Private Bank & Trust Co. now owns 16,720 shares of the company’s stock valued at $517,000 after buying an additional 53 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of H&R Block by 0.3% in the first quarter. Advantus Capital Management Inc now owns 20,774 shares of the company’s stock valued at $483,000 after buying an additional 61 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of H&R Block by 0.3% in the first quarter. State Treasurer State of Michigan now owns 67,998 shares of the company’s stock valued at $1,581,000 after buying an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of H&R Block by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock valued at $399,000 after buying an additional 200 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

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.

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

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