H&R Block (HRB) Receiving Somewhat Favorable Press Coverage, AlphaOne Reports

Cornelia Mascio
Giugno 19, 2017

Zacks Investment Research upgraded shares of H&R Block from a "hold" rating to a "buy" rating and set a $29.00 target price on the stock in a research report on Wednesday, May 24th.

H&R Block, Inc. (HRB) has a market capitalization of 6.2 Billion which suggests the company is a huge company further suggesting that the shares of H&R Block, Inc. Finally, Zacks Investment Research cut H&R Block from a "buy" rating to a "hold" rating in a report on Tuesday, June 6th. The stock of H & R Block Inc (NYSE:HRB) has "Equal-Weight" rating given on Wednesday, November 16 by Morgan Stanley. The stock presently has a consensus rating of Hold and a consensus price target of $27.13.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, HRB earned gross profit of 1.52 Billion, in 2015 1.43 Billion gross profit, while in 2016 H&R Block, Inc. The stock has a 50 day moving average of $26.26 and a 200 day moving average of $23.61.

H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $30.08. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 19.58 and a beta of 0.58.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.23. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The business's revenue for the quarter was up 1.3% compared to the same quarter past year. During the same period past year, the company earned $3.16 earnings per share. Equities analysts forecast that H&R Block, Inc. will post $2.00 EPS for the current year. Now the P/E of H&R Block, Inc. "(HRB) Price Target Raised to $19.00" was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright law. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/06/19/baird-financial-group-inc-has-2-161-million-stake-in-h-r-block-inc-hrb-updated-updated-updated.html.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 23rd will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, June 21st. This is a boost from H&R Block's previous quarterly dividend of $0.22. H&R Block's payout ratio is 43.78%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of H&R Block by 15.0% in the fourth quarter. BlackRock Inc. now owns 32,777,593 shares of the company's stock valued at $762,078,000 after buying an additional 31,852,089 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of H&R Block by 58.3% in the first quarter. State Treasurer State of MI now owns 67,998 shares of the company's stock worth $1,581,000 after buying an additional 200 shares during the period. JPMorgan Chase & Co. now owns 883,278 shares of the company's stock valued at $20,535,000 after buying an additional 766,763 shares during the last quarter. Korea Investment CORP raised its stake in shares of H&R Block by 30.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,343 shares of the company's stock valued at $122,000 after buying an additional 695 shares during the last quarter. BTIG Research restated a "buy" rating and set a $17.00 target price on shares of H&R Block in a research report on Monday, March 27th. Jupiter Asset Management Ltd. now owns 2,895,000 shares of the company's stock worth $66,556,000 after buying an additional 359,000 shares during the last quarter. The fund owned 4,567 shares of the company's stock after buying an additional 1,682 shares during the period. The fund owned 92,940 shares of the company's stock after buying an additional 9,342 shares during the period. The Firm 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, Australia and their respective territories.

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