Lecap Asset Management Ltd. Has $1.09 Million Stock Holdings in H&R Block, Inc. $HRB

Lecap Asset Management Ltd. decreased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 14.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,770 shares of the company’s stock after selling 3,409 shares during the period. Lecap Asset Management Ltd.’s holdings in H&R Block were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. SVB Wealth LLC acquired a new stake in shares of H&R Block during the first quarter worth $26,000. Brooklyn Investment Group lifted its holdings in shares of H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company’s stock worth $28,000 after buying an additional 215 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company’s stock worth $36,000 after buying an additional 186 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company’s stock worth $75,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

H&R Block stock opened at $51.09 on Thursday. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.62. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 12.86. The business’s 50-day moving average price is $51.83 and its two-hundred day moving average price is $55.12. The stock has a market cap of $6.53 billion, a PE ratio of 11.43, a P/E/G ratio of 0.82 and a beta of 0.31.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The business’s revenue was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Thursday, September 4th will be given a $0.42 dividend. This is a boost from H&R Block’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Thursday, September 4th. H&R Block’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Upgrades and Downgrades

HRB has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating for the company in a report on Wednesday, August 13th. Barrington Research reissued an “outperform” rating and set a $62.00 target price on shares of H&R Block in a report on Tuesday, September 23rd. Finally, Zacks Research downgraded H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, H&R Block currently has an average rating of “Hold” and an average price target of $55.00.

H&R Block Company Profile

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.