H&R Block Inc. (NYSE: HRB) is -18.73% lower on its value in year-to-date trading and has touched a low of $28.83 and a high of $48.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HRB stock was last observed hovering at around $28.87 in the last trading session, with the day’s gains setting it 0.8% off its average median price target of $40.00 for the next 12 months. It is also 29.36% off the consensus price target high of $42.00 offered by 4 analysts, but current levels are -5.96% lower than the price target low of $28.00 for the same period.
Currently trading at $29.67, the stock is -6.33% and -10.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.87 million and changing 2.77% at the moment leaves the stock -23.83% off its SMA200. HRB registered -10.12% loss for a year compared to 6-month loss of -30.14%. The firm has a 50-day simple moving average (SMA 50) of $2.06 and a 200-day simple moving average (SMA200) of $8.56.
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The stock witnessed a -12.43% gain in the last 1 month and extending the period to 3 months gives it a -21.22%, and is -1.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.97% over the month.
H&R Block Inc. (HRB) has around 3800 employees, a market worth around $4.47B and $3.49B in sales. Current P/E ratio is 9.78 and Fwd P/E is 7.98. Profit margin for the company is 2.30%. Distance from 52-week low is 2.91% and -39.15% from its 52-week high. The company has generated returns on investments over the last 12 months (38.10%).
H&R Block Inc. (HRB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for H&R Block Inc. (HRB) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.20, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
H&R Block Inc. is expected to release its quarterly report on 08/08/2023.The EPS is expected to grow by 571.80% this year
H&R Block Inc. (HRB) Top Institutional Holders
The shares outstanding are 152.28M, and float is at 150.88M with Short Float at 10.99%.
H&R Block Inc. (HRB) Insider Activity
A total of 3 insider transactions have happened at H&R Block Inc. (HRB) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider purchase by Johnson Richard A, the company’s Director. SEC filings show that Johnson Richard A bought 10,000 shares of the company’s common stock on May 19 at a price of $29.54 per share for a total of $0.3 million. Following the purchase, the insider now owns 68729.0 shares.
H&R Block Inc. disclosed in a document filed with the SEC on May 11 that Gerard Robert A (Director) bought a total of 500 shares of the company’s common stock. The trade occurred on May 11 and was made at $32.13 per share for $16064.0. Following the transaction, the insider now directly holds 0.28 million shares of the HRB stock.
Still, SEC filings show that on Dec 14, Jones Jeffrey J II (President & CEO) disposed off 66,000 shares at an average price of $42.07 for $2.78 million. The insider now directly holds 591,977 shares of H&R Block Inc. (HRB).
H&R Block Inc. (HRB): Who are the competitors?
The company’s main competitors (and peers) include Intuit Inc. (INTU) that is trading 12.00% up over the past 12 months and Fidelity National Information Services Inc. (FIS) that is -47.05% lower over the same period. Paychex Inc. (PAYX) is -8.36% down on the 1-year trading charts.