H & R Block (NYSE:HRB) had its target price boosted by Morgan Stanley from $26.00 to $27.00 in a research note published on Friday, MarketBeat Ratings reports. Morgan Stanley currently has a hold rating on the stock.
A number of other research firms have also recently commented on HRB. Zacks Investment Research upgraded H & R Block from a hold rating to a buy rating and set a $29.00 price objective for the company in a research report on Wednesday, October 3rd. ValuEngine upgraded H & R Block from a sell rating to a hold rating in a research report on Wednesday, October 17th. Finally, Barrington Research reiterated a buy rating and set a $27.00 price objective on shares of H & R Block in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $25.81.
H & R Block stock traded down $0.66 during midday trading on Friday, reaching $27.04. 4,595,821 shares of the company were exchanged, compared to its average volume of 2,606,558. The stock has a market cap of $5.69 billion, a PE ratio of 9.07, a P/E/G ratio of 1.45 and a beta of 0.09. H & R Block has a 1 year low of $22.45 and a 1 year high of $29.81. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79.
H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.10. The firm had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $139.80 million. H & R Block had a negative return on equity of 1,557.56% and a net margin of 17.90%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.71) EPS. On average, equities analysts predict that H & R Block will post 1.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.70%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio (DPR) is 33.56%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in H & R Block by 20.5% in the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock valued at $582,902,000 after buying an additional 4,356,920 shares during the period. Bank of New York Mellon Corp grew its holdings in H & R Block by 14.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,061,902 shares of the company’s stock valued at $181,844,000 after buying an additional 881,000 shares during the period. Jupiter Asset Management Ltd. grew its holdings in H & R Block by 15.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,008,271 shares of the company’s stock valued at $128,963,000 after buying an additional 669,971 shares during the period. JPMorgan Chase & Co. grew its holdings in H & R Block by 233.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock valued at $97,048,000 after buying an additional 2,638,607 shares during the period. Finally, Schroder Investment Management Group grew its holdings in H & R Block by 49.4% in the 3rd quarter. Schroder Investment Management Group now owns 3,766,295 shares of the company’s stock valued at $96,982,000 after buying an additional 1,245,692 shares during the period. Institutional investors own 94.64% of the company’s stock.
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.
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