Barrington Research Reaffirms Outperform Rating for H&R Block (NYSE:HRB)

H&R Block (NYSE:HRB)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They currently have a $62.00 target price on the stock. Barrington Research’s price objective would suggest a potential upside of 52.91% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H&R Block in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.00.

H&R Block Trading Up 0.8%

Shares of NYSE HRB opened at $40.55 on Thursday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.65 and a beta of 0.34. H&R Block has a fifty-two week low of $38.88 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50 day moving average price is $42.97 and its 200-day moving average price is $48.85.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.20. The firm had revenue of $203.55 million during the quarter, compared to the consensus estimate of $200.13 million. H&R Block had a negative return on equity of 169.98% and a net margin of 16.24%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted ($1.17) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, sell-side analysts expect that H&R Block will post 5.25 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 128,818 shares of H&R Block stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $44.54, for a total transaction of $5,737,553.72. Following the transaction, the chief executive officer owned 861,313 shares in the company, valued at approximately $38,362,881.02. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HRB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in H&R Block by 85.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,191 shares of the company’s stock worth $119,000 after purchasing an additional 1,009 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of H&R Block by 3.6% during the first quarter. Jones Financial Companies Lllp now owns 11,423 shares of the company’s stock worth $627,000 after buying an additional 400 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of H&R Block by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 848,532 shares of the company’s stock worth $46,593,000 after buying an additional 112,127 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in H&R Block by 84.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,354 shares of the company’s stock worth $1,647,000 after acquiring an additional 13,404 shares in the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of H&R Block in the 2nd quarter valued at approximately $306,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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.