H&R Block, Inc. (HRB) Rating Reiterated by BTIG Research
H&R Block, Inc. (NYSE:HRB)‘s stock had its “sell” rating reiterated by equities researchers at BTIG Research in a research report issued on Tuesday. They currently have a $19.00 price target on the stock. BTIG Research’s target price suggests a potential downside of 35.83% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Morgan Stanley upped their price objective on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Zacks Investment Research raised shares of H&R Block from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Wednesday, June 7th. BMO Capital Markets boosted their target price on shares of H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, June 16th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $29.00 target price (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.63.
H&R Block (HRB) opened at 29.61 on Tuesday. The firm has a market capitalization of $6.13 billion, a PE ratio of 15.55 and a beta of 0.54. The company has a 50 day moving average price of $30.50 and a 200-day moving average price of $26.30. H&R Block has a one year low of $19.85 and a one year high of $31.80.
H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.23. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that H&R Block will post $1.99 EPS for the current year.
In other H&R Block news, Director Tom D. Seip sold 6,300 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the completion of the sale, the director now directly owns 91,071 shares of the company’s stock, valued at approximately $2,717,558.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathryn M. Collins sold 2,931 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at $527,240.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,473,471 shares of company stock valued at $45,309,203. 0.63% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of HRB. 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. 90.28% of the stock is owned by institutional investors and hedge funds.
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.
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