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 reissued by research analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $70.00 price target on the stock. Barrington Research's target price points to a potential upside of 29.63% from the stock's current price.

H&R Block Stock Performance

Shares of HRB stock traded up $1.09 during trading on Monday, reaching $54.00. The company had a trading volume of 422,940 shares, compared to its average volume of 1,040,356. The firm's 50 day simple moving average is $55.51 and its two-hundred day simple moving average is $58.77. H&R Block has a one year low of $42.28 and a one year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $7.40 billion, a PE ratio of 13.18, a PEG ratio of 0.81 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). The firm had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the prior year, the business earned ($1.05) EPS. Sell-side analysts forecast that H&R Block will post 5.27 earnings per share for the current year.

Institutional Trading of H&R Block

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in H&R Block during the third quarter valued at about $1,821,000. Algert Global LLC increased its position in shares of H&R Block by 413.1% during the third quarter. Algert Global LLC now owns 72,110 shares of the company's stock valued at $4,583,000 after purchasing an additional 58,057 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock valued at $313,735,000 after purchasing an additional 255,354 shares in the last quarter. JPMorgan Chase & Co. lifted its position in H&R Block by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company's stock worth $47,935,000 after purchasing an additional 25,234 shares during the period. Finally, Oak Thistle LLC acquired a new stake in H&R Block during the fourth quarter worth $1,613,000. 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.