Kendall Capital Management Purchases 7,670 Shares of H&R Block, Inc. $HRB

Key Points

• Kendall Capital Management increased its stake in H&R Block, Inc. by 14.0%, purchasing an additional 7,670 shares to hold a total of 62,420 shares worth $3,426,000.
• H&R Block reported earnings per share (EPS) of $2.27 for the last quarter, missing analyst estimates and setting a revenue of $1.11 billion, a 4.6% increase year-over-year.
• The company announced a dividend increase from $0.38 to $0.42 per share, with a yield of 3.4%, to be paid on October 6th to investors of record.

Kendall Capital Management increased its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,420 shares of the company's stock after purchasing an additional 7,670 shares during the period. Kendall Capital Management's holdings in H&R Block were worth $3,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. New Vernon Capital Holdings II LLC boosted its stake in H&R Block by 5,391.0% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 621,252 shares of the company's stock worth $34,113,000 after purchasing an additional 609,938 shares during the period. Miller Howard Investments Inc. NY acquired a new position in H&R Block in the 1st quarter worth $30,429,000. Northern Trust Corp boosted its stake in H&R Block by 11.2% in the 1st quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock worth $143,233,000 after purchasing an additional 263,274 shares during the period. Boston Trust Walden Corp boosted its stake in H&R Block by 52.2% in the 1st quarter. Boston Trust Walden Corp now owns 735,757 shares of the company's stock worth $40,400,000 after purchasing an additional 252,185 shares during the period. Finally, LSV Asset Management boosted its stake in H&R Block by 14.3% in the 1st quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock worth $91,571,000 after purchasing an additional 209,019 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HRB. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Barrington Research restated an "outperform" rating and set a $62.00 price objective on shares of H&R Block in a research note on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating for the company in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, H&R Block currently has an average rating of "Hold" and a consensus price target of $55.00.

H&R Block Trading Up 1.4%

Shares of NYSE:HRB opened at $49.99 on Friday. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. The company has a market capitalization of $6.70 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.26. The company has a 50-day simple moving average of $52.15 and a 200 day simple moving average of $55.11. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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 company's revenue for the quarter 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. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be paid a $0.42 dividend. This is an increase from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. This represents a $1.68 annualized dividend and a yield of 3.4%. H&R Block's dividend payout ratio (DPR) is 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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