Loudon Investment Management LLC reduced its stake in H & R Block Inc (NYSE:HRB) by 48.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,055 shares of the company’s stock after selling 20,725 shares during the quarter. Loudon Investment Management LLC’s holdings in H & R Block were worth $528,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of H & R Block by 233.4% in the first quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock valued at $31,000 after acquiring an additional 950 shares in the last quarter. Enlightenment Research LLC purchased a new position in H & R Block during the fourth quarter worth about $38,000. Old North State Trust LLC purchased a new position in H & R Block during the first quarter worth about $39,000. Truvestments Capital LLC purchased a new position in H & R Block during the first quarter worth about $62,000. Finally, NuWave Investment Management LLC lifted its position in 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 buying an additional 3,609 shares during the period. Institutional investors and hedge funds own 98.12% of the company’s stock.
Several research firms recently weighed in on HRB. Goldman Sachs Group downgraded H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price on the stock. in a research report on Thursday, January 31st. Zacks Investment Research upgraded H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, January 24th. Finally, ValuEngine downgraded H & R Block from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. H & R Block has a consensus rating of “Hold” and an average price target of $24.67.
H & R Block (NYSE:HRB) last released its earnings results on Thursday, March 7th. The company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.03). The business had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $465.48 million. H & R Block had a return on equity of 829.18% and a net margin of 21.79%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted ($1.16) earnings per share. Sell-side analysts predict that H & R Block Inc will post 1.98 EPS for the current fiscal year.
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H & R Block Company Profile
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.
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