California State Teachers Retirement System Raises Holdings in H&R Block, Inc. $HRB

California State Teachers Retirement System raised its position in H&R Block, Inc. (NYSE:HRB – Free Report) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,211 shares of the company’s stock after purchasing an additional 15,575 shares during the period. California State Teachers Retirement System’s holdings in H&R Block were worth $4,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its position in shares of H&R Block by 4.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,516 shares of the company’s stock worth $186,763,000 after acquiring an additional 191,608 shares in the last quarter. Boston Partners lifted its position in shares of H&R Block by 20.2% during the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after buying an additional 652,690 shares during the last quarter. Lazard Asset Management LLC raised its stake in H&R Block by 50.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company’s stock worth $119,377,000 after acquiring an additional 1,269,064 shares in the last quarter. AQR Capital Management LLC lifted its position in H&R Block by 31.2% in the fourth quarter. AQR Capital Management LLC now owns 3,402,728 shares of the company’s stock valued at $146,998,000 after acquiring an additional 809,438 shares during the last quarter. Finally, Northern Trust Corp increased its position in H&R Block by 10.9% during the third quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock worth $139,088,000 after buying an additional 269,581 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

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H&R Block Stock Up 0.4%

HRB stock opened at $46.12 on Friday. H&R Block, Inc. has a 52-week low of $28.16 and a 52-week high of $55.95. The stock’s fifty day simple moving average is $39.71 and its 200-day simple moving average is $35.68. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.65 and a beta of 0.34.

H&R Block (NYSE:HRB – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.77 by $0.25. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $5.38 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate that H&R Block, Inc. will post 5.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on HRB shares. Zacks Research lowered shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Barrington Research reiterated an “outperform” rating and issued a $50.00 target price on shares of H&R Block in a research note on Monday, April 27th. Stephens assumed coverage on H&R Block in a research report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price objective for the company. Finally, Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.00.

View Our Latest Stock Analysis on HRB

H&R Block Company Profile

(Free Report)

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.

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