Prevatt Capital Ltd Sells 110,000 Shares of H&R Block, Inc. $HRB

Prevatt Capital Ltd decreased its position in H&R Block, Inc. (NYSE:HRB) by 23.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 350,000 shares of the company’s stock after selling 110,000 shares during the period. H&R Block comprises 6.0% of Prevatt Capital Ltd’s investment portfolio, making the stock its 8th biggest position. Prevatt Capital Ltd’s holdings in H&R Block were worth $17,700,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stratos Wealth Advisors LLC purchased a new position in shares of H&R Block in the 3rd quarter valued at about $2,244,000. Neo Ivy Capital Management acquired a new position in H&R Block in the 2nd quarter worth about $1,004,000. Prudential Financial Inc. boosted its position in H&R Block by 31.1% during the second quarter. Prudential Financial Inc. now owns 99,666 shares of the company’s stock worth $5,948,000 after purchasing an additional 23,624 shares in the last quarter. Allworth Financial LP boosted its position in H&R Block by 64.8% during the second quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock worth $273,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings in H&R Block by 32.5% in the third quarter. Alps Advisors Inc. now owns 411,450 shares of the company’s stock valued at $20,807,000 after purchasing an additional 101,025 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Trading Up 1.0%

HRB stock opened at $30.52 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 12.86. H&R Block, Inc. has a 12-month low of $28.16 and a 12-month high of $64.62. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.49 and a beta of 0.38. The business’s 50-day moving average is $35.64 and its 200 day moving average is $43.47.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, February 3rd. The company reported ($1.84) EPS for the quarter, beating analysts’ consensus estimates of ($1.96) by $0.12. The business had revenue of $198.87 million during the quarter, compared to analysts’ expectations of $187.36 million. H&R Block had a negative return on equity of 176.02% and a net margin of 16.19%.The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.73) earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Wednesday, March 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Wednesday, March 4th. H&R Block’s payout ratio is presently 38.80%.

Analyst Upgrades and Downgrades

HRB has been the subject of a number of recent analyst reports. Weiss Ratings upgraded H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Barrington Research decreased their target price on H&R Block from $62.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group dropped their price target on shares of H&R Block from $48.00 to $32.00 and set a “sell” rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

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.