H&R Block (NYSE:HRB) Trading Down 5.8% - Should You Sell?

Shares of H&R Block, Inc. (NYSE:HRB - Get Free Report) fell 5.8% on Wednesday . The company traded as low as $50.62 and last traded at $50.28. 1,344,803 shares were traded during mid-day trading, an increase of 7% from the average session volume of 1,258,181 shares. The stock had previously closed at $53.35.

Wall Street Analysts Forecast Growth

HRB has been the topic of several recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th.

H&R Block Stock Up 0.3 %

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm has a market cap of $6.70 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.80 and a beta of 0.65. The business has a fifty day moving average of $53.63 and a 200 day moving average of $57.74.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. On average, equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

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H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HRB. Coldstream Capital Management Inc. increased its position in H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company's stock valued at $309,000 after buying an additional 198 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of H&R Block by 5.5% in the third quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company's stock valued at $270,000 after acquiring an additional 221 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after acquiring an additional 222 shares in the last quarter. US Bancorp DE grew its holdings in H&R Block by 1.9% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after purchasing an additional 233 shares during the period. Finally, GAMMA Investing LLC grew its holdings in H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after purchasing an additional 258 shares during the period. 90.14% of the stock is 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.