Barrington Research Reiterates Outperform Rating for H&R Block (NYSE:HRB)

H&R Block (NYSE:HRB - Get Free Report)'s stock had its "outperform" rating restated by Barrington Research in a note issued to investors on Wednesday, Benzinga reports. They currently have a $55.00 price objective on the stock. Barrington Research's target price indicates a potential upside of 15.30% from the company's current price.

Other analysts have also recently issued reports about the stock. StockNews.com raised shares of H&R Block from a "hold" rating to a "buy" rating in a research note on Thursday, March 7th. The Goldman Sachs Group raised their price target on H&R Block from $34.00 to $38.00 and gave the company a "sell" rating in a report on Wednesday, February 7th.

H&R Block Price Performance

Shares of H&R Block stock traded up $0.47 during midday trading on Wednesday, hitting $47.70. 814,291 shares of the company were exchanged, compared to its average volume of 1,064,820. The firm has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $46.50. H&R Block has a 52 week low of $28.83 and a 52 week high of $52.90. The firm has a market cap of $6.66 billion, a P/E ratio of 12.97, a PEG ratio of 0.89 and a beta of 0.70.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.58) by $0.31. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The company had revenue of $179.10 million during the quarter, compared to analysts' expectations of $169.45 million. During the same period last year, the business earned ($1.37) earnings per share. The business's revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that H&R Block will post 4.25 earnings per share for the current year.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the transaction, the chief executive officer now directly owns 755,359 shares of the company's stock, valued at $37,171,216.39. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HRB. Exchange Traded Concepts LLC increased its stake in shares of H&R Block by 91.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company's stock valued at $25,000 after buying an additional 248 shares during the period. Mather Group LLC. acquired a new stake in H&R Block in the first quarter worth about $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company's stock worth $28,000 after purchasing an additional 600 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of H&R Block during the 4th quarter worth approximately $37,000. Finally, Assetmark Inc. bought a new stake in shares of H&R Block during the fourth quarter worth approximately $43,000. Institutional investors own 90.14% of the company's stock.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.