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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Liberty Tax, Inc.
Type
Public
Traded as NASDAQ: TAX
Genre Tax software
Founded 1997; 20 years ago (1997)
Virginia Beach, Virginia, U.S.
Headquarters Virginia Beach, Virginia, U.S.
Key people
CEO Ed Brunot
CFO Kathy Donovan
CIO Richard Artese
General Counsel Vanessa Szajnoga
Products Tax preparation
Tax preparation courses
Website www.libertytax.com

Liberty Tax Service is an American company specializing in the preparation of tax returns for individuals and small businesses. It is the third largest tax preparation franchise in the United States. The company began in Canada in 1997 when John Hewitt, co-founder of Jackson Hewitt, acquired a Canadian tax franchisor, U&R Tax Depot. In 1998, the company became Liberty Tax Service and opened five offices in the United States. Liberty Tax Service is the primary subsidiary of Liberty Tax, Inc., a NASDAQ-traded company.

Liberty Tax Service appeared on Forbes "Top 20 Franchises for the Buck" in 2012. Liberty Tax Service is well known for its wavers, people in Statue of Liberty costumes and Uncle Sam costumes, used as a form of guerrilla marketing. On October 28, 2011, a flash mob of costumed Lady Libertys danced in Times Square to promote Liberty Tax Service and celebrate the anniversary of the Statue of Liberty.

John Hewitt began his career at H&R Block as a tax preparer in 1969 and was later promoted to regional director of 250 offices. In 1982, he went on to found Jackson Hewitt Tax Service, which he grew to over 1,300 offices until it was sold for $483 million in 1997.

Entrepreneur magazine has ranked Liberty Tax Service on its “Franchise 500” list of best franchise opportunities since 1998. Liberty Tax Service is the only tax franchise on the Forbes magazine’s “Top 20 Franchises for the Buck.” (2012) In July, 2011 Vetrepreneur magazine named Liberty Tax on its "Military Friendly" franchise list. In its Summer 2011 issue, Small Business Opportunities magazine ranked Liberty Tax one of the "75 Hot Franchises to Get into Now". In June, G.I. Jobs named Liberty Tax Service on its list of "Military Friendly" franchises.

Olive Tree Publishing, Inc., the publisher of the Black EOE Journal, the Hispanic Network Magazine, and the Professional Woman’s Magazine, announced that Liberty Tax Service has been recognized in their publications the past three years. Liberty Tax Service is the only tax service that was included on the list of "25 Top Franchises for Hispanics" in 2006, 2007, 2009, 2010, and 2011 published by Poder, formerly Hispanic Enterprise magazine.

Liberty tax has been the subject to criticism related to their business practices. Many of these have become the subject of legal actions by former franchise owners and some state attorneys general:

Investment goal date:
Dividends reinvested
Liberty Tax, Inc. TAX report Q1 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2017
2018-03-07
--
--
Q2 2017
2017-12-09
--
--
Q1 2017
2017-09-06
-0.7300
-0.7600
Q4 2016
2017-06-14
2.2300
2.1000
Q3 2016
2017-03-08
0.1900
0.1800
Q2 2016
2016-12-08
-0.7200
-0.7200
Q1 2016
2016-09-02
-0.6600
-0.7300
Q4 2015
2016-06-14
2.3200
2.3100
Q3 2015
2016-03-04
0.3400
0.3400
Q2 2015
2015-12-09
-0.7100
-0.7100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
159346
BlackRock Fund Advisors
220936
BlackRock Inc.
318534
CONTINENTAL ADVISORS LLC
284047
KENNEDY CAPITAL MANAGEMENT, INC.
168318
LSV ASSET MANAGEMENT
193398
Nine Ten Partners LP
681801
NS Advisors, LLC
231439
RENAISSANCE TECHNOLOGIES LLC
190752
ROYCE & ASSOCIATES LLC
767628
RUTABAGA CAPITAL MANAGEMENT LLC/MA
792313
SCHWERIN BOYLE CAPITAL MANAGEMENT INC
311880
Tieton Capital Management, LLC
388400
Vanguard Group, Inc
223825
WELLS FARGO & CO/MN
471078
Major Shareholders
Name Relationship
Total Shares
Holding stocks
HEWITT JOHN T
13.5100% (1595813)
TAX /
EDISON VENTURE FUND IV LP
9.1700% (1083827)
TAX /
HERSKOVITS THOMAS
0.0200% (2671)
TAX /
Golding Gary Patrick
10.1900% (1204200)
TAX / TNGO / VOCS /
ROBSON GEORGE T
0.1800% (21821)
LTRE / TAX /
Wheaton James J
0.1300% (14879)
TAX /
DAngelo Gordon
0.0100% (1694)
TAX /
Baumgartner Mark F
0.3700% (43248)
TAX /
Garel John R
0.2100% (25198)
TAX /
Longfield Ross N
0.1100% (12463)
TAX /
Daniels Thomas S
0.0100% (1473)
TAX /
McDowell Ellen M
0.3700% (44273)
TAX /
Ibbotson Steven
0.8100% (95137)
TAX /
Datatax Business Services Ltd
16.9300% (1999990)
TAX /
% ()