H & R Block Inc (NYSE:HRB) was the recipient of a large decrease in short interest during the month of March. As of March 29th, there was short interest totalling 34,770,349 shares, a decrease of 10.1% from the March 15th total of 38,662,433 shares. Based on an average daily trading volume, of 2,508,091 shares, the days-to-cover ratio is currently 13.9 days. Approximately 17.1% of the shares of the stock are short sold.

A number of brokerages have commented on HRB. Zacks Investment Research cut H & R Block from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Goldman Sachs Group cut H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price on the stock. in a report on Thursday, January 31st. Finally, ValuEngine cut H & R Block from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.67.

HRB stock opened at $26.06 on Tuesday. H & R Block has a 52-week low of $22.45 and a 52-week high of $29.81. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $5.30 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.28 and a beta of 0.10.

H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.03). H & R Block had a return on equity of 829.18% and a net margin of 21.79%. The business had revenue of $468.00 million for the quarter, compared to analyst estimates of $465.48 million. During the same quarter last year, the business earned ($1.16) EPS. H & R Block’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities research analysts predict that H & R Block will post 1.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Friday, March 15th. H & R Block’s dividend payout ratio (DPR) is 33.56%.

Hedge funds have recently bought and sold shares of the company. IMS Capital Management acquired a new stake in shares of H & R Block during the third quarter worth $26,000. Enlightenment Research LLC acquired a new stake in shares of H & R Block during the fourth quarter worth $38,000. Old North State Trust LLC acquired a new stake in shares of H & R Block during the first quarter worth $39,000. Truvestments Capital LLC acquired a new stake in shares of H & R Block during the first quarter worth $62,000. Finally, NuWave Investment Management LLC boosted its holdings in shares of H & R Block by 22,556.3% during the first quarter. NuWave Investment Management LLC now owns 3,625 shares of the company’s stock worth $87,000 after purchasing an additional 3,609 shares during the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.

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About H & R Block

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

Further Reading: Hedge Funds

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