H&R Block (NYSE:HRB) Rating Lowered to Hold at Zacks Research

H&R Block (NYSE:HRB) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

A number of other research analysts have also weighed in on the company. Barrington Research raised their target price on H&R Block from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Weiss Ratings raised H&R Block from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Stephens began coverage on H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.67.

H&R Block Trading Up 4.2%

NYSE:HRB opened at $55.35 on Tuesday. The company has a debt-to-equity ratio of 12.69, a current ratio of 1.13 and a quick ratio of 1.13. H&R Block has a one year low of $28.16 and a one year high of $58.67. The company has a market cap of $6.78 billion, a PE ratio of 9.68, a PEG ratio of 0.70 and a beta of 0.40. The firm has a 50-day moving average of $46.73 and a 200-day moving average of $39.42.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.17. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The firm’s revenue for the quarter was up 255.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, equities research analysts expect that H&R Block will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In other H&R Block news, insider Mark J. Darling sold 2,700 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $40.69, for a total value of $109,863.00. Following the completion of the sale, the insider owned 21,588 shares in the company, valued at approximately $878,415.72. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On H&R Block

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Richardson Financial Services Inc. boosted its holdings in H&R Block by 861.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 673 shares of the company’s stock valued at $27,000 after purchasing an additional 603 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of H&R Block by 54.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of H&R Block by 34.5% in the second quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock worth $40,000 after purchasing an additional 267 shares during the period. Root Financial Partners LLC bought a new position in shares of H&R Block in the third quarter worth $53,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of H&R Block in the second quarter worth $61,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc is a provider of tax preparation and financial services headquartered in Kansas City, Missouri. The company serves individual taxpayers through a network of company-owned and franchise offices, as well as digital platforms that support do-it-yourself tax filing. Its services include federal, state and local tax preparation, tax advice, and assistance with tax-related products and filings.

The company also offers small-business tax preparation and bookkeeping services, payroll support, and related financial products.