As of Friday close, H&R Block Inc.’s (NYSE:HRB) stock was up $0.6, moving up 1.45 percent to $42.05. The average number of shares traded per day over the past five days has been 1,697,640 shares. 4 times new highs have been achieved over the past 5 days, with a $2.41 gain in that time frame. In the last twenty days, the average volume was 1,567,055, while in the previous 50 days, it was 1,425,504.
Since last month, HRB stock rose 6.05%. Shares of the company fell to $38.70 on 09/06/23, the lowest level in the past month. A 52-week high of $45.10 was reached on 09/22/23 after having rallying from a 52-week low of $28.83. Since the beginning of this year, HRB’s stock price has risen by 15.17% or $5.54, and marked a new high 19 times. However, the stock has declined by -6.75% since its 52-week high.
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HRB stock investors should be aware that H&R Block Inc. (HRB) stock had its last reported insider trading activity 12 days ago on Sep 11. Logerwell Kellie J, the VP & Chief Acct Officer of the company, disposed of 8,000 shares for $39.61 on Sep 11. It resulted in a $316,845 divestment by the insider. Jones Jeffrey J II sold 91,192 shares at an average price of $38.00 on Aug 16. The insider now owns 812,150 shares following the transaction. On May 19, Director Johnson Richard A bought 10,000 shares at $29.54 apiece. The transaction was valued at $295,380.
Valuation Metrics
Right now, H&R Block Inc. (HRB) has a P/E ratio of about 11.70. The stock’s beta is 0.63. Besides these, the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 200.24, and the price-to-cash flow ratio of 8.00 may also be considered.
The latest dividend of $0.32 per share was paid out, which is 10.34% more than last year’s $0.29. On Tuesday August 15 2023, a $0.03 dividend increase was announced.
Financial Health
In the three months ended June 29, H&R Block Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 46.39, and the total debt-to-equity ratio was 46.39. On the profitability front, the trailing twelve-month gross margin is 44.60% percent. In the year ended June 29, operating margins totaled 21.60%. Based on annual data, HRB earned $1.55 billion in gross profit and brought in $3.47 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 39.40%. Return on equity (ROE) for the past 12 months was -241.60%.
In H&R Block Inc.’s quarter-end financial report for June 29, it reported total debt of $1.49 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HRB’s revenue fell -1.74% to $2.09 billion during the quarter, while net income inched up to $1.03 billion. While analysts expected H&R Block Inc. to report $1.88 quarterly earnings, the actual figure was $2.05 per share, beating the consensus estimate by 9.00%. During the quarter, the company generated $408.35 million in EBITDA. The liabilities of H&R Block Inc. were 3.04 billion at the end of its most recent quarter ended June 29, and its total debt was $1.94 billion. The value of shareholders’ equity is $147.0 million.
Technical Picture
This quick technical analysis looks at H&R Block Inc.’s (HRB) price momentum. With a historical volatility rate of 16.61%, the RSI 9-day stood at 80.80% on 22 September.
With respect to its five-day moving average, the current H&R Block Inc. price is up by +6.08% percent or $2.41. At present, HRB shares trade +6.86% above its 20-day simple moving average and +23.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +29.27% above its SMA50 and -0.47% below its SMA200.
Stochastic coefficient K was 88.17% and Stochastic coefficient D was 90.41%, while ATR was 0.70. Given the Stochastic reading of 92.41% for the 14-day period, the RSI (14) reading has been calculated as 77.03%. As of today, the MACD Oscillator reading stands at 1.18, while the 14-day reading stands at 1.59.
Analyst Ratings
Barrington Research reiterated its an Outperform rating on H&R Block Inc. (NYSE: HRB) in a note to investors. The analysts firm has however raised their price target to $24, representing a possible -100.24% increase in the stock price. H&R Block Inc. (HRB) has been rated Hold by analysts. According to 1 brokerage firm, HRB is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate H&R Block Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $42.00, the current consensus forecast for the stock is $32.00 – $44.00. Based on these forecasts, analysts predict H&R Block Inc. (HRB) will achieve an average price target of $39.33.
