H&R Block (NYSE:HRB) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of H&R Block (NYSE:HRB) in a report issued on Tuesday,Benzinga reports. Barrington Research currently has a $62.00 target price on the stock.

Several other brokerages have also recently issued reports on HRB. The Goldman Sachs Group lowered their target price on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

H&R Block Price Performance

H&R Block stock opened at $49.80 on Tuesday. The company’s fifty day moving average price is $52.51 and its 200 day moving average price is $55.22. H&R Block has a 1 year low of $47.00 and a 1 year high of $64.62. The stock has a market capitalization of $6.67 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.81 and a beta of 0.26. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.54). H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $1.89 EPS. H&R Block’s revenue was up 4.6% compared to the same quarter last year. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts anticipate that H&R Block will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be issued a $0.42 dividend. This is an increase from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.4%. H&R Block’s payout ratio is presently 37.58%.

Institutional Trading of H&R Block

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in H&R Block by 98.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company’s stock worth $5,667,000 after purchasing an additional 49,827 shares during the period. Truist Financial Corp increased its stake in H&R Block by 13.5% during the first quarter. Truist Financial Corp now owns 767,369 shares of the company’s stock worth $42,136,000 after purchasing an additional 91,075 shares during the period. Envestnet Asset Management Inc. increased its stake in H&R Block by 17.7% during the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company’s stock worth $38,639,000 after purchasing an additional 105,973 shares during the period. Asset Management One Co. Ltd. purchased a new stake in H&R Block during the first quarter worth about $1,317,000. Finally, Brown Advisory Inc. increased its stake in H&R Block by 1.6% during the first quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock worth $656,000 after purchasing an additional 191 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

About H&R Block

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.