H&R Block Inc. (HRB) can make a big difference with a little luck

With 4.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.22 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $46.48 whereas the lowest price it dropped to was $42.28. The 52-week range on HRB shows that it touched its highest point at $49.14 and its lowest point at $28.83 during that stretch. It currently has a 1-year price target of $46.67. With its current market cap of 6.69 billion, HRB has annualized dividend of $1.29 while the current yield stands at 2.79%. Beta for the stock currently stands at 0.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HRB was down-trending over the past week, with a drop of -0.83%, but this was down by -1.65% over a month. Three-month performance surged to 11.23% while six-month performance rose 32.41%. The stock gained 17.98% in the past year, while it has lost -3.97% so far this year. A look at the trailing 12-month EPS for HRB yields 3.63 with Next year EPS estimates of 4.64. For the next quarter, that number is 4.62. This implies an EPS growth rate of 10.99% for this year and 9.55% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.80%.


Float and Shares Shorts:

At present, 146.15 million HRB shares are outstanding with a float of 142.16 million shares on hand for trading. On Jan 11, 2024, short shares totaled 9.74 million, which was 6.77% higher than short shares on Dec 14, 2023. In addition to Mr. Jeffrey J. Jones II as the firm’s President, CEO & Director, Mr. Tony G. Bowen serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 97.28% of HRB’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HRB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HRB analysts setting a high price target of $56.00 and a low target of $38.00, the average target price over the next 12 months is $49.67. Based on these targets, HRB could surge 20.56% to reach the target high and fall by -18.19% to reach the target low. Reaching the average price target will result in a growth of 6.93% from current levels.

Summary of Insider Activity:

Insiders traded HRB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 883,360 while 482,141 shares were sold.