Zacks Research cut shares of H&R Block (NYSE:HRB – Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks reports.
A number of other equities analysts have also weighed in on the company. Stephens began coverage on H&R Block in a research note on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price objective for the company. The Goldman Sachs Group raised their price target on H&R Block from $29.00 to $33.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of H&R Block from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Finally, Barrington Research upped their price target on shares of H&R Block from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, H&R Block presently has an average rating of “Hold” and a consensus target price of $46.67.
Get Our Latest Stock Report on H&R Block
H&R Block Price Performance
Shares of NYSE:HRB opened at $55.35 on Tuesday. The company has a debt-to-equity ratio of 12.69, a current ratio of 1.13 and a quick ratio of 1.13. H&R Block has a 1-year low of $28.16 and a 1-year high of $58.67. The company has a market capitalization of $6.78 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.70 and a beta of 0.40. The firm’s 50 day simple moving average is $46.73 and its two-hundred day simple moving average is $39.42.
H&R Block (NYSE:HRB – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The company’s revenue was up 255.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Research analysts expect that H&R Block will post 6.11 EPS for the current fiscal year.
H&R Block Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd were issued a $0.46 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $1.84 annualized dividend and a dividend yield of 3.3%. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. H&R Block’s dividend payout ratio (DPR) is currently 32.17%.
Insider Activity
In other news, insider Mark J. Darling sold 2,700 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $40.69, for a total transaction of $109,863.00. Following the transaction, the insider owned 21,588 shares of the company’s stock, valued at approximately $878,415.72. This represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.67% of the company’s stock.
Institutional Trading of H&R Block
Institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of H&R Block by 50.9% during the first quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company’s stock valued at $119,377,000 after purchasing an additional 1,269,064 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in H&R Block during the second quarter worth $56,220,000. First Trust Advisors LP boosted its position in H&R Block by 26.2% during the 1st quarter. First Trust Advisors LP now owns 1,328,584 shares of the company’s stock valued at $42,169,000 after acquiring an additional 276,193 shares in the last quarter. Lodge Hill Capital LLC boosted its position in H&R Block by 31.2% during the 1st quarter. Lodge Hill Capital LLC now owns 1,050,000 shares of the company’s stock valued at $33,327,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of H&R Block by 29.9% in the 1st quarter. Pacer Advisors Inc. now owns 692,760 shares of the company’s stock valued at $21,988,000 after acquiring an additional 159,369 shares during the period. 90.14% of the stock is currently owned by institutional investors.
About H&R Block
H&R Block, Inc is a provider of tax preparation and financial services headquartered in Kansas City, Missouri. The company serves individual taxpayers through a network of company-owned and franchise offices, as well as digital platforms that support do-it-yourself tax filing. Its services include federal, state and local tax preparation, tax advice, and assistance with tax-related products and filings.
The company also offers small-business tax preparation and bookkeeping services, payroll support, and related financial products.
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