H&R Block (NYSE:HRB) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of H&R Block (NYSE:HRB) from a hold rating to a buy rating in a research report released on Wednesday.

Separately, Barrington Research restated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday.

H&R Block Stock Down 0.1 %

H&R Block stock opened at $54.35 on Wednesday. H&R Block has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. The stock’s fifty day moving average is $54.96 and its two-hundred day moving average is $58.74. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. Analysts predict that H&R Block will post 5.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its holdings in shares of H&R Block by 111.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,755 shares of the company’s stock worth $146,000 after buying an additional 1,455 shares in the last quarter. US Bancorp DE grew its stake in H&R Block by 1.9% in the 4th quarter. US Bancorp DE now owns 12,358 shares of the company’s stock worth $653,000 after acquiring an additional 233 shares during the period. Argyle Capital Management LLC raised its holdings in H&R Block by 5.8% in the 4th quarter. Argyle Capital Management LLC now owns 23,233 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,283 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of H&R Block during the 4th quarter worth $2,080,000. Finally, NewEdge Wealth LLC boosted its holdings in shares of H&R Block by 11.5% during the fourth quarter. NewEdge Wealth LLC now owns 1,095,712 shares of the company’s stock worth $57,897,000 after purchasing an additional 113,216 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

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.