H&R Block, Inc. (HRB) Price Target Raised to $19.00
19 Juin, 2017, 18:34 | Author: Marc Bacque
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. Baird Financial Group Inc.'s holdings in H&R Block were worth $2,161,000 as of its most recent filing with the SEC.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ltd. boosted its stake in H&R Block by 1,343.5% in the fourth quarter. Ameriprise Financial Inc. now owns 977,722 shares of the company's stock valued at $22,736,000 after buying an additional 896,811 shares in the last quarter. Asset Management One Co. Credit Suisse Group reiterated a "neutral" rating and set a $29.00 price target (up from $27.00) on shares of H&R Block in a report on Wednesday. Ltd. now owns 35,010 shares of the company's stock worth $814,000 after buying an additional 410 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of H&R Block by 15.0% in the fourth quarter. State Street Corp now owns 10,032,122 shares of the company's stock worth $230,630,000 after buying an additional 379,197 shares during the last quarter.
Moreover, First Allied Advisory Inc has 0.01% invested in H & R Block Inc (NYSE:HRB) for 9,857 shares. Korea Investment CORP now owns 138,000 shares of the company's stock worth $3,209,000 after buying an additional 32,000 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of H&R Block during the first quarter valued at approximately $17,768,000. 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. H&R Block has a one year low of $19.85 and a one year high of $30.08.
Currently, EPS of H&R Block, Inc. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 15.71 and a beta of 0.58. The company's 50-day moving average is $26.26 and its 200 day moving average is $23.61.
H&R Block (NYSE:HRB) last posted its quarterly earnings results 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. H&R Block had a negative return on equity of 89.55% and a net margin of 10.85%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. The company's quarterly revenue was up 1.3% compared to the same quarter previous year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 23rd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.96 annualized dividend and a dividend yield of 3.21%. This is an increase from H&R Block's previous quarterly dividend of $0.22. H&R Block's payout ratio is 43.78%.
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Alpha One also gave news articles about the company an impact score of 79 out of 100, meaning that recent news coverage is likely to have an impact on the company's share price in the next several days. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of H&R Block during the third quarter worth approximately $131,000. Zacks Investment Research raised H&R Block from a "sell" rating to a "hold" rating and set a $27.00 price objective for the company in a research note on Thursday, March 9th. BMO Capital Markets reiterated a "hold" rating on shares of H&R Block in a research note on Sunday, March 12th.
Equities research analysts at Oppenheimer Holdings upped their Q1 2018 earnings per share estimates for H&R Block in a report released on Wednesday. The stock now has an average rating of Hold and a consensus price target of $27.13.
According to Zacks, "H&R Block outperformed the Zacks categorized Consumer Services - Miscellaneous industry in the past three months". 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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