H&R Block (NYSE:HRB) Stock Rating Upgraded by Zacks Research

H&R Block (NYSE:HRB) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H&R Block in a research note on Tuesday, September 29th. The Goldman Sachs Group lifted their target price on H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Barrington Research boosted their target price on H&R Block from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Stephens assumed coverage on H&R Block in a research note on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, H&R Block has a consensus rating of “Hold” and a consensus price target of $46.67.

H&R Block Trading Up 1.6%

Shares of H&R Block stock opened at $42.66 on Monday. The company has a debt-to-equity ratio of 12.69, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $5.23 billion, a P/E ratio of 7.46, a PEG ratio of 0.55 and a beta of 0.38. H&R Block has a 1 year low of $28.16 and a 1 year high of $58.67. The company’s fifty day moving average is $47.16 and its two-hundred day moving average is $39.83.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 11th. The company reported $2.38 EPS 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 business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The business’s revenue 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. Analysts forecast that H&R Block will post 6.11 earnings per share for the current year.

Insider Buying and Selling

In other H&R Block news, insider Mark J. Darling sold 2,700 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $40.69, for a total value of $109,863.00. Following the completion of the transaction, the insider owned 21,588 shares in the company, valued at approximately $878,415.72. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On H&R Block

A number of large investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in shares of H&R Block by 54.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares during the period. Elevation Wealth Partners LLC boosted its holdings in H&R Block by 34.5% during the second quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock worth $40,000 after buying an additional 267 shares in the last quarter. Bogart Wealth LLC grew its position in H&R Block by 51.4% during the first quarter. Bogart Wealth LLC now owns 1,311 shares of the company’s stock worth $42,000 after buying an additional 445 shares during the period. Plato Investment Management Ltd acquired a new position in H&R Block during the second quarter worth about $61,000. Finally, Leonteq Securities AG purchased a new position in H&R Block in the first quarter valued at about $86,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

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.