H&R Block (NYSE:HRB) Cut to “Hold (C+)” at Weiss Ratings

Weiss Ratings downgraded shares of H&R Block (NYSE:HRB) from a buy (b-) rating to a hold (c+) rating in a report issued on Saturday,Weiss Ratings reports.

A number of other research firms also recently commented on HRB. The Goldman Sachs Group dropped their price objective on H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a report on Wednesday, August 13th. Zacks Research lowered shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of H&R Block in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.00.

H&R Block Trading Up 0.3%

H&R Block stock opened at $52.39 on Friday. The stock has a market cap of $6.70 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.85 and a beta of 0.31. H&R Block has a 12 month low of $47.00 and a 12 month high of $64.62. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The company’s fifty day simple moving average is $50.99 and its 200-day simple moving average is $54.76.

H&R Block (NYSE:HRB) last released its quarterly earnings data 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $1.89 EPS. H&R Block’s revenue for the quarter was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, sell-side analysts forecast that H&R Block will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 4th were paid a $0.42 dividend. The ex-dividend date was Thursday, September 4th. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.2%. H&R Block’s dividend payout ratio is presently 37.58%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in shares of H&R Block in the first quarter valued at about $26,000. Operose Advisors LLC bought a new stake in H&R Block during the 2nd quarter valued at approximately $27,000. Brooklyn Investment Group boosted its stake in H&R Block by 72.1% during the 1st quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after purchasing an additional 215 shares during the period. Alpine Bank Wealth Management bought a new stake in H&R Block during the 3rd quarter valued at approximately $26,000. Finally, Quent Capital LLC acquired a new position in shares of H&R Block during the third quarter worth approximately $27,000. Institutional investors own 90.14% of the company’s stock.

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.