Bayforest Capital Ltd Makes New $785,000 Investment in H&R Block, Inc. $HRB

Key Points

• Bayforest Capital Ltd has made a new investment of approximately $785,000 in H&R Block, acquiring 14,303 shares in the second quarter.
• H&R Block's quarterly earnings revealed a missed EPS expectation of $2.81, reporting only $2.27, despite revenues surpassing estimates.
• The company recently increased its quarterly dividend from $0.38 to $0.42, reflecting a 3.3% yield for annual shareholders.

Bayforest Capital Ltd bought a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,303 shares of the company's stock, valued at approximately $785,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of H&R Block during the first quarter worth about $26,000. Brooklyn Investment Group boosted its holdings in H&R Block by 72.1% in the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after acquiring an additional 215 shares during the last quarter. Signaturefd LLC boosted its holdings in H&R Block by 40.0% in the second quarter. Signaturefd LLC now owns 651 shares of the company's stock valued at $36,000 after acquiring an additional 186 shares during the last quarter. Bogart Wealth LLC boosted its holdings in H&R Block by 42.9% in the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in H&R Block by 21.8% in the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after acquiring an additional 243 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research cut H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. The Goldman Sachs Group cut their price target on H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a report on Wednesday, August 13th. Barrington Research restated an "outperform" rating and set a $62.00 price target on shares of H&R Block in a report on Tuesday, September 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of H&R Block in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.00.

H&R Block Trading Down 0.2%

NYSE HRB opened at $50.72 on Tuesday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 11.35, a PEG ratio of 0.82 and a beta of 0.31. The business has a fifty day simple moving average of $51.12 and a 200 day simple moving average of $55.03. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $64.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported $2.27 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. H&R Block had a net margin of 16.11% and a negative return on equity of 191.38%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. On average, analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were paid a $0.42 dividend. This is a boost from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date was Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. H&R Block's dividend payout ratio is currently 37.58%.

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.

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