H&R Block’s (HRB) Outperform Rating Reiterated at Barrington Research

H&R Block (NYSE:HRBGet Free Report)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $70.00 target price on the stock. Barrington Research’s price target would indicate a potential upside of 28.98% from the company’s current price.

H&R Block Stock Performance

Shares of NYSE HRB opened at $54.27 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm’s 50-day moving average price is $55.37 and its two-hundred day moving average price is $58.78. H&R Block has a 52-week low of $42.28 and a 52-week high of $68.45. The stock has a market capitalization of $7.44 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.81 and a beta of 0.69.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in H&R Block by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,686 shares of the company’s stock worth $4,972,000 after buying an additional 5,619 shares in the last quarter. Bank of Montreal Can grew its stake 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 in the last quarter. Millennium Management LLC increased its holdings in shares of H&R Block by 356.0% during the second quarter. Millennium Management LLC now owns 88,826 shares of the company’s stock valued at $4,817,000 after purchasing an additional 69,347 shares during the period. Mackenzie Financial Corp raised its stake in shares of H&R Block by 30.8% during the second quarter. Mackenzie Financial Corp now owns 161,355 shares of the company’s stock valued at $8,750,000 after purchasing an additional 38,017 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of H&R Block during the second quarter valued at about $1,204,000. Institutional investors own 90.14% of the company’s stock.

H&R Block Company Profile

(Get Free Report)

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.

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