H&R Block (NYSE:HRB) PT Raised to $38.00 at The Goldman Sachs Group

H&R Block (NYSE:HRBFree Report) had its target price increased by The Goldman Sachs Group from $34.00 to $38.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a sell rating on the stock.

A number of other research analysts have also recently commented on the company. Barrington Research upped their price target on H&R Block from $44.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, November 8th. StockNews.com raised H&R Block from a hold rating to a buy rating in a research report on Friday, December 15th.

Read Our Latest Stock Report on H&R Block

H&R Block Stock Down 1.9 %

Shares of NYSE:HRB opened at $46.46 on Wednesday. The company has a market capitalization of $6.69 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70. The company has a debt-to-equity ratio of 46.44, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $46.93 and a two-hundred day moving average price of $42.85. H&R Block has a 1 year low of $28.83 and a 1 year high of $49.14.

H&R Block (NYSE:HRBGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. The firm had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. H&R Block had a negative return on equity of 244.61% and a net margin of 16.07%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.37) EPS. Analysts forecast that H&R Block will post 4.2 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Tuesday, March 5th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.76%. H&R Block’s dividend payout ratio (DPR) is 36.47%.

Insider Buying and Selling

In other H&R Block news, CFO Tony G. Bowen sold 46,892 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $47.10, for a total value of $2,208,613.20. Following the sale, the chief financial officer now owns 125,591 shares of the company’s stock, valued at approximately $5,915,336.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Trading of H&R Block

Several institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of H&R Block during the 2nd quarter valued at about $620,000. Canada Pension Plan Investment Board increased its position in shares of H&R Block by 24.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 65,000 shares of the company’s stock valued at $2,072,000 after purchasing an additional 12,800 shares during the last quarter. Bank of Nova Scotia increased its position in shares of H&R Block by 20.7% during the 2nd quarter. Bank of Nova Scotia now owns 17,199 shares of the company’s stock valued at $548,000 after purchasing an additional 2,954 shares during the last quarter. Kendall Capital Management bought a new position in shares of H&R Block during the 2nd quarter valued at about $203,000. Finally, Victory Capital Management Inc. increased its position in shares of H&R Block by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 406,468 shares of the company’s stock valued at $12,954,000 after purchasing an additional 2,629 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

H&R Block Company Profile

(Get Free Report)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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