Oppenheimer Holdings, Inc. restated their market perform rating on shares of H&R Block, Inc. (NYSE:HRB) in a research report released on Thursday morning. Oppenheimer Holdings also issued estimates for H&R Block’s Q2 2018 earnings at ($0.75) EPS and Q4 2018 earnings at $3.84 EPS.

A number of other brokerages have also recently issued reports on HRB. BTIG Research restated a sell rating and set a $19.00 target price on shares of H&R Block in a report on Tuesday. Morgan Stanley raised their target price on H&R Block from $24.00 to $27.00 and gave the stock an equal weight rating in a report on Wednesday, June 14th. Credit Suisse Group restated 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. Zacks Investment Research cut H&R Block from a buy rating to a hold rating in a report on Monday, May 29th. Finally, BidaskClub cut H&R Block from a buy rating to a hold rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $27.71.

H&R Block (HRB) traded up 0.19% during mid-day trading on Thursday, reaching $26.79. The company’s stock had a trading volume of 1,425,483 shares. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 14.13 and a beta of 0.54. H&R Block has a 12 month low of $19.85 and a 12 month high of $31.80. The stock’s 50 day moving average is $30.14 and its 200 day moving average is $26.50.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm had revenue of $138 million for the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter last year, the business earned ($0.56) earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict that H&R Block will post $1.97 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Tuesday, September 12th. H&R Block’s dividend payout ratio is currently 49.48%.

In other news, insider William C. Cobb sold 750,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the sale, the insider now owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Kathryn M. Collins sold 2,931 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total value of $88,955.85. Following the sale, the senior vice president now directly owns 17,372 shares in the company, valued at approximately $527,240.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,473,471 shares of company stock worth $45,309,203. 0.63% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Korea Investment CORP raised its stake in shares of H&R Block by 30.2% in the first quarter. Korea Investment CORP now owns 138,000 shares of the company’s stock worth $3,209,000 after buying an additional 32,000 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of H&R Block by 168.7% in the first quarter. Canada Pension Plan Investment Board now owns 93,574 shares of the company’s stock worth $2,176,000 after buying an additional 58,747 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of H&R Block by 76.0% in the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock worth $11,535,000 after buying an additional 214,206 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of H&R Block during the first quarter worth about $208,000. Finally, LMR Partners LLP purchased a new stake in shares of H&R Block during the first quarter worth about $474,000. 90.28% of the stock is currently 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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