H&R Block (NYSE:HRB) Receives Outperform Rating from Barrington Research

H&R Block (NYSE:HRB)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $70.00 price objective on the stock. Barrington Research’s price target suggests a potential upside of 32.45% from the stock’s current price.

H&R Block Stock Performance

NYSE HRB opened at $52.85 on Monday. H&R Block has a 12-month low of $42.28 and a 12-month high of $68.45. The firm has a 50-day moving average price of $55.51 and a two-hundred day moving average price 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. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $193.81 million for the quarter, compared to analyst estimates of $188.78 million. During the same period in the prior year, the company earned ($1.05) EPS. Analysts anticipate that H&R Block will post 5.27 earnings per share for the current year.

Hedge Funds Weigh In On H&R Block

Several hedge funds and other institutional investors have recently made changes to their positions in HRB. Charles Schwab Investment Management Inc. boosted its stake in H&R Block by 5.5% in 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 buying an additional 255,354 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of H&R Block by 21.1% in 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 boosted its stake in shares of H&R Block by 13.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company’s stock valued at $46,748,000 after purchasing an additional 107,450 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of H&R Block by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company’s stock valued at $47,935,000 after purchasing an additional 25,234 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in H&R Block by 29.0% in 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 valued at $44,364,000 after purchasing an additional 156,856 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

About H&R Block

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.