H&R Block, Inc. (NYSE:HRB) Position Increased by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. increased its stake in H&R Block, Inc. by 329.6% during the first quarter, holding a total of 6,530 shares valued at approximately $359,000.
• H&R Block reported quarterly earnings of $5.38 EPS, surpassing analysts' expectations of $5.12, and showing a 4.2% year-over-year revenue growth.
• A number of analysts have recently adjusted their ratings on H&R Block, with Barrington Research maintaining an "outperform" rating and setting a price target of $70.00.

Harbour Investments Inc. raised its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 329.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,530 shares of the company's stock after buying an additional 5,010 shares during the period. Harbour Investments Inc.'s holdings in H&R Block were worth $359,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Brown Advisory Inc. boosted its holdings in H&R Block by 1.6% during the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock worth $656,000 after buying an additional 191 shares in the last quarter. Bogart Wealth LLC boosted its stake in H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after purchasing an additional 200 shares during the period. Bank of Nova Scotia boosted its stake in H&R Block by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after purchasing an additional 261 shares during the period. CIBC Private Wealth Group LLC boosted its stake in H&R Block by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after purchasing an additional 263 shares during the period. Finally, Invst LLC boosted its stake in H&R Block by 1.5% in the 4th quarter. Invst LLC now owns 18,187 shares of the company's stock worth $961,000 after purchasing an additional 274 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Stock Down 0.4%

Shares of NYSE:HRB opened at $54.76 on Wednesday. The firm has a fifty day moving average of $55.75 and a two-hundred day moving average of $55.77. H&R Block, Inc. has a 12-month low of $49.16 and a 12-month high of $68.45. The firm has a market capitalization of $7.33 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the previous year, the company posted $4.94 EPS. H&R Block's revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research note on Friday, April 25th. Finally, The Goldman Sachs Group raised their price objective on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research note on Thursday, May 8th.

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.

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