Brokerages Set H&R Block, Inc. (HRB) Target Price at $25.29

H&R Block, Inc. (NYSE:HRB) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.67.

HRB has been the topic of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $17.00 price objective on shares of H&R Block in a research report on Monday, March 27th. BMO Capital Markets reiterated a “hold” rating on shares of H&R Block in a research note on Sunday, March 12th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of H&R Block in a research note on Friday, March 10th. Zacks Investment Research cut shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Credit Suisse Group restated a “neutral” rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th.

In other H&R Block news, Director Tom D. Seip sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $29.84, for a total transaction of $187,992.00. Following the sale, the director now owns 91,071 shares of the company’s stock, valued at $2,717,558.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the last quarter. Vanguard Group Inc. boosted its stake in H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock worth $483,921,000 after buying an additional 348,330 shares during the last quarter. State Street Corp raised its position in shares of H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock worth $248,052,000 after buying an additional 636,772 shares during the period. Bank of New York Mellon Corp raised its position in shares of H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock worth $184,439,000 after buying an additional 685,702 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of H&R Block by 3.3% in the first quarter. First Eagle Investment Management LLC now owns 5,941,335 shares of the company’s stock worth $138,136,000 after buying an additional 191,368 shares during the period. 94.19% of the stock is currently owned by institutional investors.

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Shares of H&R Block (NYSE:HRB) traded down 1.53% on Friday, hitting $30.15. The stock had a trading volume of 1,603,708 shares. The firm has a 50-day moving average of $26.43 and a 200 day moving average of $23.69. The company has a market capitalization of $6.25 billion, a PE ratio of 15.84 and a beta of 0.58. H&R Block has a 1-year low of $19.85 and a 1-year high of $30.77.

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 analysts’ consensus estimates 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 company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $3.16 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that H&R Block will post $1.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 23rd will be issued a $0.24 dividend. This is a boost from H&R Block’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 21st. This represents a $0.96 annualized dividend and a yield of 3.14%. H&R Block’s dividend payout ratio (DPR) is 43.78%.

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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