H&R Block (NYSE:HRB) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of H&R Block (NYSE:HRB) in a report published on Monday,Benzinga reports. The firm currently has a $50.00 price target on the stock.

A number of other analysts have also recently weighed in on HRB. The Goldman Sachs Group reduced their price objective on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a research note on Friday, February 6th. Weiss Ratings upgraded shares of H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.00.

H&R Block Stock Performance

Shares of HRB stock opened at $30.73 on Monday. The stock’s 50 day simple moving average is $31.14 and its 200 day simple moving average is $39.17. H&R Block has a twelve month low of $28.16 and a twelve month high of $64.62. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.49 and a beta of 0.32.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 3rd. The company reported ($1.84) earnings per share for the quarter, topping the consensus estimate of ($1.96) by $0.12. H&R Block had a negative return on equity of 176.02% and a net margin of 16.19%.The firm had revenue of $198.87 million during the quarter, compared to analyst estimates of $187.36 million. During the same period in the previous year, the company earned ($1.73) EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, analysts forecast that H&R Block will post 4.98 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, March 4th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Wednesday, March 4th. H&R Block’s payout ratio is currently 38.80%.

Institutional Investors Weigh In On H&R Block

Hedge funds have recently modified their holdings of the business. HB Wealth Management LLC increased its position in H&R Block by 42.9% during the first quarter. HB Wealth Management LLC now owns 15,767 shares of the company’s stock worth $500,000 after acquiring an additional 4,734 shares during the period. Prevatt Capital Ltd boosted its holdings in H&R Block by 102.9% in the 1st quarter. Prevatt Capital Ltd now owns 710,000 shares of the company’s stock valued at $22,535,000 after purchasing an additional 360,000 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in H&R Block in the 1st quarter worth $1,523,000. Leonteq Securities AG bought a new position in shares of H&R Block during the 1st quarter worth about $86,000. Finally, Sound Income Strategies LLC increased its holdings in shares of H&R Block by 145.0% during the 1st quarter. Sound Income Strategies LLC now owns 259,921 shares of the company’s stock worth $8,263,000 after purchasing an additional 153,844 shares during the period. 90.14% of the stock is owned by institutional investors.

About H&R Block

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.