Barrington Research Lowers H&R Block (NYSE:HRB) Price Target to $62.00

Key Points

• Barrington Research has reduced its target price for H&R Block from $70.00 to $62.00, maintaining an "outperform" rating that suggests a potential upside of 25.95% from the stock's previous close.
• H&R Block reported earnings per share (EPS) of $2.27 for the latest quarter, missing expectations by $0.54, while its revenue increased by 4.6% year-over-year.
• Various analysts have recently changed their ratings on H&R Block, with Goldman Sachs downgrading it from "sell" and Northcoast Research moving from "buy" to "neutral."

H&R Block (NYSE:HRB - Get Free Report) had its price target cut by research analysts at Barrington Research from $70.00 to $62.00 in a report issued on Wednesday, MarketBeat reports. The brokerage currently has an "outperform" rating on the stock. Barrington Research's price objective indicates a potential upside of 23.63% from the stock's previous close. Barrington Research also issued estimates for H&R Block's FY2026 earnings at $4.94 EPS and FY2027 earnings at $5.35 EPS.

A number of other analysts have also weighed in on HRB. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group lowered their target price on H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a research note on Wednesday.

H&R Block Stock Up 1.6%

Shares of NYSE:HRB opened at $50.15 on Wednesday. H&R Block has a 52 week low of $47.00 and a 52 week high of $68.45. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.78 and a current ratio of 0.90. The company's fifty day moving average is $54.94 and its 200-day moving average is $55.68. The company has a market capitalization of $6.71 billion, a PE ratio of 11.22, a P/E/G ratio of 0.80 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share 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 analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.89 earnings per share. The business's quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts predict that H&R Block will post 5.25 earnings per share for the current fiscal year.

Institutional Trading of H&R Block

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in H&R Block by 28.1% during the second quarter. Captrust Financial Advisors now owns 5,140 shares of the company's stock worth $282,000 after buying an additional 1,127 shares during the last quarter. Vident Advisory LLC increased its stake in shares of H&R Block by 15.9% in the 2nd quarter. Vident Advisory LLC now owns 23,337 shares of the company's stock valued at $1,281,000 after acquiring an additional 3,198 shares during the last quarter. Tidal Investments LLC raised its position in shares of H&R Block by 4.1% in the 2nd quarter. Tidal Investments LLC now owns 15,721 shares of the company's stock valued at $863,000 after acquiring an additional 621 shares during the period. Smartleaf Asset Management LLC raised its position in shares of H&R Block by 71.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,226 shares of the company's stock valued at $67,000 after acquiring an additional 513 shares during the period. Finally, Holocene Advisors LP raised its position in shares of H&R Block by 835.9% in the 2nd quarter. Holocene Advisors LP now owns 39,915 shares of the company's stock valued at $2,191,000 after acquiring an additional 35,650 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

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.