H&R Block (NYSE:HRB) Earns “Outperform” Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of H&R Block (NYSE:HRB) in a research note published on Wednesday morning, Benzinga reports. They currently have a $55.00 price objective on the stock.

A number of other analysts have also issued reports on HRB. StockNews.com upgraded H&R Block from a hold rating to a buy rating in a research note on Thursday, March 7th. The Goldman Sachs Group boosted their price objective on H&R Block from $34.00 to $38.00 and gave the company a sell rating in a research note on Wednesday, February 7th.

H&R Block Trading Down 1.1 %

HRB stock opened at $47.52 on Wednesday. The stock’s fifty day simple moving average is $47.73 and its two-hundred day simple moving average is $46.54. H&R Block has a 1-year low of $28.83 and a 1-year high of $52.90. The stock has a market cap of $6.63 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.90 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share for the quarter, topping the consensus estimate of ($1.58) by $0.31. The business had revenue of $179.10 million for the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.37) earnings per share. As a group, analysts forecast that H&R Block will post 4.25 earnings per share for the current fiscal year.

Insider Activity

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the sale, the chief executive officer now owns 755,359 shares in the company, valued at $37,171,216.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its stake in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after buying an additional 248 shares during the period. Mather Group LLC. bought a new stake in shares of H&R Block in the first quarter worth about $28,000. Cary Street Partners Investment Advisory LLC increased its holdings in H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock valued at $28,000 after purchasing an additional 600 shares during the period. Richardson Financial Services Inc. bought a new position in H&R Block during the 4th quarter valued at approximately $37,000. Finally, Assetmark Inc. bought a new position in H&R Block during the 4th quarter valued at approximately $43,000. 90.14% of the stock is owned by institutional investors.

H&R Block Company Profile

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.