H&R Block (NYSE:HRB) Earns Hold Rating from Analysts at StockNews.com

Posted by Danessa Lincoln on Mar 19th, 2023

StockNews.com began coverage on shares of H&R Block (NYSE:HRB – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

HRB has been the topic of several other research reports. Barrington Research restated an outperform rating and issued a $48.00 price target on shares of H&R Block in a report on Wednesday, February 8th. The Goldman Sachs Group raised their price target on shares of H&R Block from $25.00 to $28.00 and gave the stock a sell rating in a research report on Wednesday, February 8th.

H&R Block Price Performance

Shares of HRB opened at $34.38 on Thursday. H&R Block has a twelve month low of $23.65 and a twelve month high of $48.76. The stock’s 50 day moving average is $37.63 and its two-hundred day moving average is $40.09. The firm has a market capitalization of $5.24 billion, a PE ratio of 11.86, a P/E/G ratio of 0.73 and a beta of 0.67. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 7.03.

H&R Block (NYSE:HRB – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The company reported ($1.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.48) by $0.11. The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $151.64 million. H&R Block had a negative return on equity of 337.61% and a net margin of 14.57%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.02) EPS. Research analysts anticipate that H&R Block will post 3.84 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Tuesday, March 7th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, March 6th. H&R Block’s payout ratio is 40.00%.

Institutional Investors Weigh In On H&R Block

A number of hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP raised its stake in shares of H&R Block by 41.8% during the third quarter. Trexquant Investment LP now owns 75,241 shares of the company’s stock valued at $3,201,000 after purchasing an additional 22,187 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of H&R Block during the second quarter valued at about $260,000. Private Trust Co. NA bought a new stake in shares of H&R Block during the second quarter valued at about $57,000. Prudential Financial Inc. raised its stake in shares of H&R Block by 342.2% during the third quarter. Prudential Financial Inc. now owns 70,344 shares of the company’s stock valued at $3,053,000 after purchasing an additional 54,435 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of H&R Block during the second quarter valued at about $47,000. 90.05% of the stock is currently owned by institutional investors.

About H&R Block

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H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.