H&R Block (NYSE:HRB) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

H&R Block, Inc. (NYSE:HRB) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $39.43 and traded as high as $40.93. H&R Block shares last traded at $40.5040, with a volume of 2,549,413 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HRB shares. Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a research report on Tuesday. Stephens began coverage on shares of H&R Block in a report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Finally, Barrington Research upped their price objective on shares of H&R Block from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.67.

H&R Block Price Performance

The company has a debt-to-equity ratio of 12.69, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $5.36 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 0.53 and a beta of 0.36. The business has a 50 day moving average of $47.14 and a 200 day moving average of $39.50.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, beating 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The company’s revenue for the quarter 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, research analysts predict that H&R Block, Inc. will post 6.11 EPS for the current year.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.46 per share. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, September 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.3%. H&R Block’s dividend payout ratio (DPR) is currently 32.17%.

Institutional Investors Weigh In On H&R Block

Several hedge funds have recently made changes to their positions in HRB. MassMutual Private Wealth & Trust FSB lifted its position in H&R Block by 54.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after buying an additional 314 shares during the period. Elevation Wealth Partners LLC grew its position in shares of H&R Block by 34.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock worth $40,000 after buying an additional 267 shares during the period. Bogart Wealth LLC increased its stake in shares of H&R Block by 51.4% in the 1st quarter. Bogart Wealth LLC now owns 1,311 shares of the company’s stock worth $42,000 after acquiring an additional 445 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of H&R Block in the 2nd quarter worth about $61,000. Finally, Rothschild Investment LLC lifted its position in H&R Block by 45.2% during the 4th quarter. Rothschild Investment LLC now owns 1,645 shares of the company’s stock valued at $72,000 after acquiring an additional 512 shares during the period. 90.14% of the stock is currently owned by institutional investors.

H&R Block Company Profile

H&R Block, Inc is a tax preparation and financial services company that helps individuals and small businesses manage tax filing and related financial needs. Its services are delivered through company-owned and franchise offices, online platforms and tax-preparation software, providing both assisted and do-it-yourself filing options.

The company offers federal, state and local tax preparation, tax planning and related support, along with products and services such as refund-related financial solutions, tax identity protection and small-business assistance.