Barrington Research Issues Pessimistic Forecast for H&R Block (NYSE:HRB) Stock Price

H&R Block (NYSE:HRB) had its target price reduced by analysts at Barrington Research from $70.00 to $62.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price objective would indicate a potential upside of 25.64% from the company’s previous close.

Other research analysts also recently issued reports about the company. Northcoast Research downgraded H&R Block from a “buy” rating to a “neutral” rating in a report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday. Finally, Wall Street Zen upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

H&R Block Stock Down 1.1%

NYSE:HRB opened at $49.35 on Wednesday. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.78 and a current ratio of 0.90. The company has a market cap of $6.61 billion, a PE ratio of 11.04, a PEG ratio of 0.81 and a beta of 0.24. H&R Block has a 52-week low of $47.00 and a 52-week high of $68.45. The stock has a 50-day simple moving average of $55.10 and a 200 day simple moving average of $55.71.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. On average, sell-side analysts expect that H&R Block will post 5.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in H&R Block in the first quarter valued at approximately $26,000. Operose Advisors LLC bought a new position in shares of H&R Block during the 2nd quarter worth approximately $27,000. Brooklyn Investment Group boosted its stake in shares of H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after acquiring an additional 215 shares during the period. Signaturefd LLC boosted its stake in shares of H&R Block by 40.0% during the 2nd quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after acquiring an additional 186 shares during the period. Finally, Bogart Wealth LLC boosted its stake in shares of H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after acquiring an additional 200 shares during the period. 90.14% of the stock is currently owned by institutional investors.

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.