TheStreet upgraded shares of H & R Block (NYSE:HRB) from a c+ rating to a b rating in a report released on Tuesday.
Other equities research analysts have also issued research reports about the company. Barrington Research lowered their price objective on H & R Block from $32.00 to $27.00 and set an outperform rating for the company in a research note on Thursday. ValuEngine downgraded H & R Block from a sell rating to a strong sell rating in a report on Wednesday. Morgan Stanley reaffirmed an equal weight rating and set a $28.00 target price (up previously from $27.00) on shares of H & R Block in a report on Wednesday, March 7th. BMO Capital Markets reduced their target price on H & R Block from $29.00 to $25.00 and set a market perform rating on the stock in a report on Wednesday. Finally, Zacks Investment Research downgraded H & R Block from a strong-buy rating to a hold rating in a report on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. H & R Block presently has a consensus rating of Hold and a consensus price target of $26.21.
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Shares of H & R Block opened at $24.29 on Tuesday, according to MarketBeat. H & R Block has a fifty-two week low of $23.33 and a fifty-two week high of $31.80. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of -3.27. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.12 and a beta of 0.27.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, June 12th. The company reported $5.43 earnings per share for the quarter, beating analysts’ consensus estimates of $5.27 by $0.16. H & R Block had a negative return on equity of 77.32% and a net margin of 8.19%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $3.76 EPS. H & R Block’s quarterly revenue was up 2.8% on a year-over-year basis. equities analysts expect that H & R Block will post 2.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, June 21st. This is an increase from H & R Block’s previous quarterly dividend of $0.24. H & R Block’s dividend payout ratio (DPR) is currently 48.98%.
Several hedge funds and other institutional investors have recently made changes to their positions in HRB. Amundi Pioneer Asset Management Inc. bought a new stake in shares of H & R Block in the 4th quarter worth approximately $106,233,000. Schroder Investment Management Group lifted its holdings in shares of H & R Block by 58.9% in the 4th quarter. Schroder Investment Management Group now owns 4,594,678 shares of the company’s stock worth $120,472,000 after purchasing an additional 1,703,381 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of H & R Block by 3,360.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,010,858 shares of the company’s stock worth $26,505,000 after purchasing an additional 981,649 shares during the last quarter. Tikehau Investment Management bought a new stake in shares of H & R Block in the 1st quarter worth approximately $15,071,000. Finally, Todd Asset Management LLC bought a new stake in shares of H & R Block in the 1st quarter worth approximately $14,882,000. 97.46% of the stock is currently owned by institutional investors and hedge funds.
About H & R Block
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
