H&R Block’s (HRB) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of H&R Block (NYSE:HRB) in a research note published on Monday,Benzinga reports. The firm currently has a $62.00 target price on the stock.

Several other research firms have also commented on HRB. The Goldman Sachs Group lowered their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 13th. Weiss Ratings lowered H&R Block from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Finally, Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.00.

H&R Block Trading Down 0.9%

Shares of NYSE HRB opened at $50.80 on Monday. The stock’s 50 day moving average price is $50.98 and its two-hundred day moving average price is $54.66. H&R Block has a 52-week low of $47.00 and a 52-week high of $64.62. The stock has a market capitalization of $6.50 billion, a P/E ratio of 11.36, a PEG ratio of 0.83 and a beta of 0.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the company earned $1.89 EPS. The company’s quarterly 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. On average, analysts anticipate that H&R Block will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. This is a positive change from H&R Block’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, September 4th. H&R Block’s payout ratio is currently 37.58%.

Institutional Investors Weigh In On H&R Block

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after purchasing an additional 186 shares during the period. Brown Advisory Inc. lifted its position in H&R Block by 1.6% in 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. CWM LLC lifted its position in H&R Block by 1.3% in the second quarter. CWM LLC now owns 15,159 shares of the company’s stock worth $832,000 after purchasing an additional 197 shares during the period. Bogart Wealth LLC lifted its position in H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after purchasing an additional 200 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in H&R Block by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 37,700 shares of the company’s stock worth $2,069,000 after purchasing an additional 200 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

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.