Barrington Research Reiterates $62.00 Price Target for H&R Block (NYSE:HRB)

H&R Block (NYSE:HRB) has been assigned a $62.00 price target by stock analysts at Barrington Research in a note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price target would indicate a potential upside of 24.16% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Wall Street Zen raised H&R Block from a “hold” rating to a “buy” rating in a report on Friday, May 9th. The Goldman Sachs Group reduced their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a research note on Wednesday. Finally, Northcoast Research cut H&R Block from a “buy” rating to a “neutral” rating in a research report on Friday, May 2nd.

H&R Block Stock Down 3.0%

Shares of HRB opened at $49.94 on Wednesday. H&R Block has a 52-week low of $47.00 and a 52-week high of $68.45. The company has a market cap of $6.69 billion, a PE ratio of 11.17, a P/E/G ratio of 0.81 and a beta of 0.24. The business has a fifty day moving average of $55.27 and a 200 day moving average of $55.75.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 134.63%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $1.89 EPS. H&R Block’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that H&R Block will post 5.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H&R Block

A number of hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of H&R Block by 40.0% in the 2nd quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after purchasing an additional 186 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock valued at $656,000 after buying an additional 191 shares during the period. CWM LLC lifted its holdings in shares of H&R Block by 1.3% in the 2nd quarter. CWM LLC now owns 15,159 shares of the company’s stock valued at $832,000 after buying an additional 197 shares during the period. Bogart Wealth LLC lifted its holdings in shares of H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock valued at $37,000 after buying an additional 200 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of H&R Block by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the company’s stock valued at $2,069,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds 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.