Short Interest in H&R Block, Inc. (HRB) Expands By 13.3%
H&R Block, Inc. (NYSE:HRB) saw a large increase in short interest in October. As of October 13th, there was short interest totalling 28,517,709 shares, an increase of 13.3% from the September 29th total of 25,170,661 shares. Approximately 13.7% of the company’s shares are sold short. Based on an average trading volume of 2,597,499 shares, the days-to-cover ratio is presently 11.0 days.
H&R Block (HRB) opened at 24.74 on Wednesday. H&R Block has a 52 week low of $19.85 and a 52 week high of $31.80. The stock has a market cap of $5.17 billion, a PE ratio of 13.05 and a beta of 0.55. The stock has a 50 day moving average price of $25.91 and a 200 day moving average price of $27.60.
H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting analysts’ consensus estimates of ($0.62). The business had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.56) earnings per share. On average, equities analysts predict that H&R Block will post $1.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.88%. H&R Block’s payout ratio is presently 49.48%.
Several institutional investors have recently bought and sold shares of HRB. Pinebridge Investments L.P. bought a new position in shares of H&R Block in the second quarter worth about $114,000. Victory Capital Management Inc. increased its stake in shares of H&R Block by 7.9% in the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after purchasing an additional 296 shares during the period. ARP Americas LLC bought a new position in shares of H&R Block in the second quarter worth about $210,000. Bath Savings Trust Co bought a new position in shares of H&R Block in the second quarter worth about $215,000. Finally, Profund Advisors LLC bought a new position in shares of H&R Block in the second quarter worth about $215,000. Institutional investors and hedge funds own 91.25% of the company’s stock.
HRB has been the subject of several research reports. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 target price on shares of H&R Block in a research report on Friday, October 13th. Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. BTIG Research reaffirmed a “sell” rating and issued a $19.00 target price on shares of H&R Block in a research report on Tuesday, August 29th. Finally, BidaskClub downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.67.
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H&R Block Company Profile
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.
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