H&R Block’s (HRB) “Outperform” Rating Reaffirmed at Barrington Research

H&R Block (NYSE:HRB)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They currently have a $70.00 price objective on the stock. Barrington Research’s price target points to a potential upside of 29.39% from the stock’s current price.

H&R Block Trading Down 0.5 %

HRB opened at $54.10 on Wednesday. The company’s 50 day moving average is $54.86 and its 200-day moving average is $58.71. H&R Block has a 1-year low of $42.28 and a 1-year high of $68.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The company has a market cap of $7.41 billion, a P/E ratio of 13.20, a PEG ratio of 0.84 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. Equities research analysts predict that H&R Block will post 5.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H&R Block

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in H&R Block by 356.0% during the 2nd quarter. Millennium Management LLC now owns 88,826 shares of the company’s stock worth $4,817,000 after purchasing an additional 69,347 shares during the last quarter. Truist Financial Corp raised its holdings in H&R Block by 262.1% during the 2nd quarter. Truist Financial Corp now owns 25,072 shares of the company’s stock worth $1,360,000 after purchasing an additional 18,148 shares during the last quarter. Sanctuary Advisors LLC bought a new position in H&R Block during the 2nd quarter worth approximately $1,152,000. Park Avenue Securities LLC raised its holdings in H&R Block by 1.9% during the 3rd quarter. Park Avenue Securities LLC now owns 15,857 shares of the company’s stock worth $1,008,000 after purchasing an additional 303 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in H&R Block by 25.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 36,100 shares of the company’s stock worth $2,294,000 after purchasing an additional 7,400 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.