H & R Block (NYSE:HRB) Sets New 52-Week High at $29.35

H & R Block Inc (NYSE:HRB) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $29.35 and last traded at $29.34, with a volume of 41177 shares changing hands. The stock had previously closed at $29.01.

A number of analysts have recently issued reports on HRB shares. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Monday, March 11th. Morgan Stanley reissued an “equal weight” rating and set a $29.00 price target on shares of H & R Block in a research report on Thursday. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Barrington Research reissued an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. H & R Block presently has a consensus rating of “Hold” and an average target price of $26.50.

The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 1.46 and a beta of 0.18. The company has a 50-day moving average of $27.52.

H & R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $5.42 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that H & R Block Inc will post 1.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 21st will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, June 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from H & R Block’s previous quarterly dividend of $0.25. H & R Block’s dividend payout ratio (DPR) is presently 48.37%.

Hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in shares of H & R Block by 233.4% during the first quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock worth $31,000 after buying an additional 950 shares in the last quarter. Rational Advisors LLC grew its position in shares of H & R Block by 8,750.0% during the first quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock worth $34,000 after buying an additional 1,400 shares in the last quarter. Old North State Trust LLC acquired a new position in H & R Block in the first quarter worth $39,000. CSat Investment Advisory L.P. boosted its holdings in H & R Block by 36.3% in the first quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock worth $54,000 after purchasing an additional 600 shares during the period. Finally, Truvestments Capital LLC acquired a new position in H & R Block in the first quarter worth $62,000. 98.10% of the stock is owned by institutional investors and hedge funds.

H & R Block Company Profile (NYSE:HRB)

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

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