Kellie J. Logerwell Sells 8,000 Shares of H&R Block, Inc. (NYSE:HRB) Stock

H&R Block, Inc. (NYSE:HRB) VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the transaction, the vice president now directly owns 18,474 shares of the company’s stock, valued at $1,189,910.34. The sale was disclosed in a legal filing with the SEC, which is available through this link.

H&R Block Price Performance

Shares of HRB opened at $62.77 on Thursday. H&R Block, Inc. has a 12-month low of $39.20 and a 12-month high of $68.45. The business has a 50-day simple moving average of $59.57 and a two-hundred day simple moving average of $53.27. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 16.46. The stock has a market cap of $8.76 billion, a PE ratio of 14.36, a PEG ratio of 0.96 and a beta of 0.66.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts anticipate that H&R Block, Inc. will post 5.22 earnings per share for the current fiscal year.

H&R Block declared that its Board of Directors has initiated a share repurchase program on Thursday, August 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, September 5th. This is a boost from H&R Block’s previous quarterly dividend of $0.32. H&R Block’s dividend payout ratio is presently 34.32%.

Institutional Investors Weigh In On H&R Block

Institutional investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new stake in shares of H&R Block in the 1st quarter valued at about $28,000. Richardson Financial Services Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at about $37,000. Versant Capital Management Inc grew its position in shares of H&R Block by 4,152.9% in the 2nd quarter. Versant Capital Management Inc now owns 723 shares of the company’s stock valued at $39,000 after buying an additional 706 shares during the last quarter. Quest Partners LLC grew its position in shares of H&R Block by 2,756.0% in the 2nd quarter. Quest Partners LLC now owns 714 shares of the company’s stock valued at $39,000 after buying an additional 689 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at about $43,000. Institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

HRB has been the subject of a number of research analyst reports. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their price target on H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a report on Friday, August 16th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of H&R Block in a report on Wednesday, August 14th.

About H&R Block

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.