H&R Block, Inc. (NYSE:HRB)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse Group in a report issued on Wednesday. They presently have a $30.00 price objective on the stock, up from their previous price objective of $29.00. Credit Suisse Group’s price objective would suggest a potential upside of 12.19% from the company’s current price.

Several other equities analysts also recently commented on the stock. BTIG Research restated a “sell” rating and issued a $19.00 price target on shares of H&R Block in a research note on Tuesday. BidaskClub downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Barrington Research upped their price target on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, June 19th. BMO Capital Markets upped their price target on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, June 16th. Finally, Morgan Stanley upped their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.75.

H&R Block (NYSE:HRB) traded down 0.26% during trading on Wednesday, hitting $26.74. 6,106,333 shares of the stock were exchanged. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 14.10 and a beta of 0.54. The firm has a 50-day moving average of $30.50 and a 200-day moving average of $26.30. H&R Block has a 52 week low of $19.85 and a 52 week high of $31.80.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.62). H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The business had revenue of $138 million for the quarter, compared to the consensus estimate of $129.33 million. During the same period in the prior year, the company posted ($0.56) earnings per share. H&R Block’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that H&R Block will post $1.97 earnings per share for the current fiscal year.

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In other H&R Block news, insider William C. Cobb sold 300,700 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $31.11, for a total transaction of $9,354,777.00. Following the sale, the insider now directly owns 852,158 shares in the company, valued at $26,510,635.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathryn M. Collins sold 2,931 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total transaction of $88,955.85. Following the sale, the senior vice president now owns 17,372 shares in the company, valued at $527,240.20. The disclosure for this sale can be found here. Insiders have sold 1,473,471 shares of company stock worth $45,309,203 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its stake in shares of H&R Block by 838.9% in the second quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after buying an additional 1,303,700 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of H&R Block by 25.3% in the second quarter. Toronto Dominion Bank now owns 70,179 shares of the company’s stock worth $2,169,000 after buying an additional 14,154 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of H&R Block during the second quarter worth about $1,299,000. Koch Industries Inc. purchased a new stake in shares of H&R Block during the second quarter worth about $349,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of H&R Block during the second quarter worth about $2,706,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

H&R Block Company Profile

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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