Taking a Fresh Look at H&R Block, Inc. (HRB)

A number of investment brokers have recently updated their price targets on shares of H&R Block, Inc. Norges Bank acquired a new stake in H&R Block during the fourth quarter worth $49,036,000. It has a return on equity (ROE) of -84.80%. Northwestern Mutual Wealth Management Co. boosted its stake in H&R Block by 58.3% in the first quarter. The stock is trading $25.36 its 50-day moving average by -4.65%. Their 52-Week High and Low are noted here. The company's a year ago sales total was 125190.

H&R Block, Inc. has a consensus hold rating from 10 Wall Street analysts, and the number of shares now sold short amount to at least 11.44% of shares outstanding. BTIG Research lifted their price target on H&R Block from $17.00 to $19.00 and gave the stock a "sell" rating in a report on Wednesday.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. Analysts are forecasting earnings of $-0.63 on a per share basis this quarter. BMO Capital Markets restated a "hold" rating on shares of H&R Block in a research report on Sunday, March 12th. Advantus Capital Management Inc now owns 20,774 shares of the company's stock worth $483,000 after buying an additional 61 shares during the last quarter.

Over the past 50 days, H&R Block, Inc. stock's -0.47% off of the high and 30.94% removed from the low. (HRB) ended its last session at $30.01 by Surging 3.02%. During the same quarter in the prior year, the business earned $3.16 earnings per share.

Some buy side analysts are also providing their Analysis on H&R Block, Inc., where 0 analysts have rated the stock as Strong buy, 2 analysts have given a Buy signal, 7 said it's a HOLD, 0 reported it as Underperform and 1 analysts rated the stock as Sell. (NYSE:HRB) shares can stay above the price resistance around $30.4 a share, that could help propel H&R Block, Inc. 98831 shares were traded on Omnicell, Inc.'s last session. Institutional investors and hedge funds own 94.34% of the company's stock. The stock's market capitalization is 6.22B. The firm had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.32 billion. This is an increase of approximately 373% compared to the average daily volume of 987 put options. H&R Block's revenue was up 1.3% compared to the same quarter a year ago. PNC Financial Services Group Inc. raised its position in shares of H & R Block by 1.7% in the first quarter. Stockholders of record on Friday, June 23rd will be paid a dividend of $0.24 per share. While in the same Quarter Previous year, the Actual EPS was $-0.55.

Annual Dividend Yield of H&R Block, Inc. The ex-dividend date was set for Friday the 10th of March 2017.

TRADEMARK VIOLATION NOTICE: This report was originally published by Sports Perspectives and is the sole property of of Sports Perspectives.

Longer term, H&R Block should benefit from an improving economy (more people employed), probable tax code changes (even simplification efforts represent change in the near term) and additional volume driven by the Affordable Care Act (or its replacement). If you are accessing this story on another website, it was stolen and republished in violation of United States and global copyright and trademark laws. Ameriprise Financial Inc. now owns 977,722 shares of the company's stock worth $22,736,000 after buying an additional 896,811 shares during the period. The Company 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. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/06/16/westpac-banking-corp-has-839000-position-in-h-r-block-inc-hrb-updated-updated.html.

  • Zachary Reyes