Barrington Research Reaffirms Outperform Rating for H&R Block (NYSE:HRB)

Barrington Research restated their outperform rating on shares of H&R Block (NYSE:HRB) in a report published on Monday morning,Benzinga reports. They currently have a $70.00 target price on the stock.

H&R Block Trading Up 0.6 %

Shares of NYSE:HRB opened at $54.60 on Monday. The company has a 50-day simple moving average of $55.33 and a 200 day simple moving average of $58.76. The company has a market capitalization of $7.48 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. H&R Block has a 52-week low of $42.28 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The business had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. During the same quarter in the prior year, the firm posted ($1.05) earnings per share. Sell-side analysts forecast that H&R Block will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.75%. H&R Block’s dividend payout ratio (DPR) is presently 36.59%.

Institutional Trading of H&R Block

Several hedge funds and other institutional investors have recently bought and sold shares of HRB. Coldstream Capital Management Inc. increased its holdings in shares of H&R Block by 4.2% during the third quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock worth $309,000 after purchasing an additional 198 shares during the period. Rockland Trust Co. lifted its position in shares of H&R Block by 1.2% during the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock valued at $1,072,000 after acquiring an additional 200 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of H&R Block by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock worth $270,000 after purchasing an additional 221 shares in the last quarter. Bank of Montreal Can increased its position in shares of H&R Block by 1.0% in the second quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock worth $1,327,000 after purchasing an additional 251 shares during the period. Finally, GAMMA Investing LLC raised its stake in H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.