H&R Block, Inc. $HRB Position Increased by Bogart Wealth LLC

Bogart Wealth LLC raised its position in H&R Block, Inc. (NYSE:HRB) by 30.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Bogart Wealth LLC’s holdings in H&R Block were worth $48,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in shares of H&R Block during the 1st quarter valued at about $26,000. Brooklyn Investment Group raised its position in H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock valued at $28,000 after acquiring an additional 215 shares in the last quarter. Signaturefd LLC lifted its stake in H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock valued at $36,000 after acquiring an additional 186 shares during the last quarter. Covestor Ltd lifted its stake in H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock valued at $75,000 after acquiring an additional 243 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in H&R Block by 133.3% in the second quarter. Harbor Capital Advisors Inc. now owns 1,409 shares of the company’s stock worth $77,000 after acquiring an additional 805 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HRB shares. The Goldman Sachs Group dropped their price target on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of H&R Block in a report on Wednesday, October 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $62.00 price target on shares of H&R Block in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.00.

H&R Block Trading Up 1.2%

Shares of H&R Block stock opened at $51.97 on Wednesday. H&R Block, Inc. has a 1 year low of $47.00 and a 1 year high of $64.62. The company’s fifty day simple moving average is $50.81 and its 200-day simple moving average is $54.85. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.83 and a beta of 0.31. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 12th. The company reported $2.27 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 company 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 earnings per share. H&R Block’s revenue for the quarter 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. As a group, sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Thursday, September 4th were paid a $0.42 dividend. The ex-dividend date was Thursday, September 4th. This is a boost from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 3.2%. H&R Block’s dividend payout ratio is 37.58%.

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.