H&R Block (NYSE:HRB) Given Outperform Rating at Barrington Research

H&R Block (NYSE:HRB)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a report issued on Monday,Benzinga reports. They currently have a $70.00 target price on the stock. Barrington Research’s price target would indicate a potential upside of 32.45% from the company’s previous close.

H&R Block Stock Performance

H&R Block stock opened at $52.85 on Monday. The business has a 50 day moving average of $55.51 and a 200-day moving average of $58.77. The company has a market capitalization of $7.24 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.81 and a beta of 0.69. H&R Block has a 1 year low of $42.28 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB) last released 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). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The business had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. During the same period in the previous year, the business posted ($1.05) EPS. On average, equities research analysts predict that H&R Block will post 5.27 earnings per share for the current year.

Hedge Funds Weigh In On H&R Block

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after acquiring an additional 255,354 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of H&R Block by 21.1% during the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after purchasing an additional 476,892 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in H&R Block by 13.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock worth $46,748,000 after purchasing an additional 107,450 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in H&R Block by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock valued at $47,935,000 after buying an additional 25,234 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of H&R Block by 29.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after buying an additional 156,856 shares in the last quarter. Institutional investors 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.