H&R Block (NYSE:HRB) Earns “Outperform” Rating from Barrington Research

H&R Block (NYSE:HRB)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a note issued to investors on Wednesday,Benzinga reports. They presently have a $70.00 target price on the stock. Barrington Research’s price target indicates a potential upside of 29.39% from the stock’s current price.

H&R Block Stock Performance

NYSE HRB opened at $54.10 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm’s fifty day moving average price is $54.86 and its two-hundred day moving average price is $58.71. H&R Block has a 1 year low of $42.28 and a 1 year high of $68.45. The firm has a market capitalization of $7.41 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69.

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

Hedge Funds Weigh In On H&R Block

Hedge funds have recently bought and sold shares of the business. Eastern Bank bought a new position in H&R Block during the third quarter worth about $25,000. Endeavor Private Wealth Inc. acquired a new stake in H&R Block during the fourth quarter worth about $27,000. Spire Wealth Management acquired a new stake in H&R Block during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. acquired a new stake in H&R Block during the fourth quarter worth about $29,000. Finally, Bogart Wealth LLC grew its stake in H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. 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.