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.

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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.

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

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