H&R Block (NYSE:HRB) Price Target Raised to $60.00

H&R Block (NYSE:HRB) had its price target increased by Barrington Research from $50.00 to $60.00 in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other research firms also recently commented on HRB. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Stephens started coverage on shares of H&R Block in a research report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price target on the stock. The Goldman Sachs Group lifted their price objective on H&R Block from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Wednesday. Finally, Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.67.

H&R Block Trading Up 1.2%

Shares of NYSE HRB opened at $53.96 on Wednesday. The business has a 50-day moving average price of $40.96 and a two-hundred day moving average price of $36.04. H&R Block has a one year low of $28.16 and a one year high of $58.67. The firm has a market capitalization of $6.84 billion, a PE ratio of 9.43, a PEG ratio of 0.69 and a beta of 0.34. The company has a current ratio of 1.13, a quick ratio of 1.00 and a debt-to-equity ratio of 12.69.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 255.5% compared to the same quarter last year. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, analysts predict that H&R Block will post 6.14 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. H&R Block’s payout ratio is 29.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of H&R Block during the fourth quarter worth about $69,441,000. Bank of New York Mellon Corp acquired a new stake in shares of H&R Block in the 2nd quarter valued at approximately $56,220,000. Lazard Asset Management LLC increased its stake in shares of H&R Block by 50.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company’s stock worth $119,377,000 after purchasing an additional 1,269,064 shares during the last quarter. AQR Capital Management LLC raised its stake in H&R Block by 60.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock valued at $130,961,000 after acquiring an additional 976,069 shares during the period. Finally, Ranmore Fund Management Ltd acquired a new stake in H&R Block during the 4th quarter valued at $41,314,000. Institutional investors own 90.14% of the company’s stock.

Key Headlines Impacting H&R Block

Here are the key news stories impacting H&R Block this week:

• Positive Sentiment: H&R Block beat fiscal fourth-quarter earnings and revenue estimates, supported by growth in its tax-preparation and Wave businesses. Management also issued strong fiscal 2027 guidance, helping drive a significant post-earnings rally. H&R Block Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company raised its quarterly dividend by nearly 10% to $0.46 per share, increasing the stock’s income appeal and signaling confidence in cash generation. The larger dividend is a primary reason the shares have moved higher. H&R Block Posted Strong Earnings and Boosted Its Dividend
• Positive Sentiment: Barrington Research raised its price target for H&R Block to $60, adding further support to the bullish view after the earnings release. Barrington Research Increases H&R Block Price Target
• Positive Sentiment: Analyst commentary has highlighted potential for additional upside, while Zacks’ momentum and estimate-revision analysis remains favorable. These views reinforce investor enthusiasm, although they are not company guidance. H&R Block Potential to Double
• Neutral Sentiment: Two longtime directors, Robert A. Gerard and Matthew E. Winter, announced their retirements. The planned board transition could eventually affect governance, but no immediate operational impact was reported. H&R Block Announces Retirement of Two Longtime Directors
• Neutral Sentiment: With HRB at a 52-week high after the rally, investors may focus more closely on whether future earnings growth can justify the higher share price and sustain momentum. H&R Block Reaches New 52-Week High

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.