H&R Block (NYSE:HRB) Sets New 52-Week High at $57.83

H&R Block, Inc. (NYSE:HRB) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $57.83 and last traded at $57.82, with a volume of 30382 shares traded. The stock had previously closed at $57.45.

Wall Street Analyst Weigh In

HRB has been the subject of a number of recent analyst reports. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th. Barrington Research lifted their price target on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th.

H&R Block Stock Performance

The firm’s 50-day simple moving average is $53.32 and its 200-day simple moving average is $49.89. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.98 and a beta of 0.68.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company earned $4.20 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, June 5th. H&R Block’s dividend payout ratio is currently 29.29%.

Insider Transactions at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 44,975 shares of H&R Block stock in a transaction on Monday, July 1st. The stock was sold at an average price of $54.55, for a total value of $2,453,386.25. Following the completion of the transaction, the chief executive officer now owns 712,386 shares in the company, valued at approximately $38,860,656.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HRB. TriaGen Wealth Management LLC grew its position in shares of H&R Block by 2.4% during the 2nd quarter. TriaGen Wealth Management LLC now owns 8,642 shares of the company’s stock worth $469,000 after buying an additional 203 shares during the period. Eagle Bay Advisors LLC raised its position in shares of H&R Block by 5.5% during the 1st quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company’s stock valued at $249,000 after acquiring an additional 263 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of H&R Block by 2.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,966 shares of the company’s stock valued at $579,000 after purchasing an additional 291 shares during the period. Truist Financial Corp lifted its stake in shares of H&R Block by 4.1% in the 4th quarter. Truist Financial Corp now owns 7,617 shares of the company’s stock valued at $368,000 after purchasing an additional 301 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in H&R Block by 1.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 34,273 shares of the company’s stock valued at $1,658,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.