H&R Block, Inc. $HRB Shares Bought by Prevatt Capital Ltd

Prevatt Capital Ltd lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 102.9% during the first quarter, Holdings Channel reports. The fund owned 710,000 shares of the company’s stock after purchasing an additional 360,000 shares during the quarter. H&R Block accounts for 6.1% of Prevatt Capital Ltd’s investment portfolio, making the stock its 9th largest holding. Prevatt Capital Ltd’s holdings in H&R Block were worth $22,535,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HRB. Abound Wealth Management boosted its holdings in H&R Block by 208.0% in the fourth quarter. Abound Wealth Management now owns 616 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in H&R Block during the 4th quarter valued at approximately $28,000. Elevation Wealth Partners LLC purchased a new stake in H&R Block during the 4th quarter worth approximately $33,000. Valley National Advisers Inc. purchased a new stake in H&R Block during the 4th quarter worth approximately $34,000. Finally, Spire Wealth Management increased its holdings in H&R Block by 61.1% during the 4th quarter. Spire Wealth Management now owns 836 shares of the company’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HRB shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of H&R Block in a research note on Friday, May 29th. Zacks Research upgraded shares of H&R Block from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Barrington Research restated an “outperform” rating and issued a $50.00 price target on shares of H&R Block in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Stock Performance

NYSE:HRB opened at $40.01 on Friday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. H&R Block, Inc. has a one year low of $28.16 and a one year high of $57.55. The stock has a 50-day simple moving average of $36.16 and a 200 day simple moving average of $35.85.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.77 by $0.25. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $5.38 earnings per share. H&R Block’s quarterly revenue was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, equities research analysts forecast that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 3rd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, June 3rd. H&R Block’s payout ratio is 29.89%.

H&R Block Company Profile

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.