Landscape Capital Management L.L.C. Makes New Investment in H&R Block, Inc. $HRB

Key Points

• Landscape Capital Management L.L.C. acquired a new stake in H&R Block, purchasing 118,395 shares valued at approximately $6.5 million in the first quarter.
• Recent analyst reports have resulted in a mix of ratings for H&R Block, with Zacks Research downgrading it to a "hold" and Goldman Sachs lowering its price target from $54.00 to $48.00.
• H&R Block declared an increase in its quarterly dividend to $0.42 per share, a positive change from the previous $0.38, reflecting a dividend yield of 3.3%.

Landscape Capital Management L.L.C. acquired a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 118,395 shares of the company's stock, valued at approximately $6,501,000. Landscape Capital Management L.L.C. owned 0.09% of H&R Block as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of H&R Block by 11.2% in the first quarter. Northern Trust Corp now owns 2,608,496 shares of the company's stock valued at $143,233,000 after purchasing an additional 263,274 shares during the period. Lazard Asset Management LLC boosted its stake in shares of H&R Block by 36.8% in the fourth quarter. Lazard Asset Management LLC now owns 2,585,026 shares of the company's stock valued at $136,591,000 after purchasing an additional 695,581 shares during the period. AQR Capital Management LLC boosted its stake in shares of H&R Block by 5.6% in the fourth quarter. AQR Capital Management LLC now owns 2,250,059 shares of the company's stock valued at $118,871,000 after purchasing an additional 120,181 shares during the period. Wellington Management Group LLP boosted its stake in shares of H&R Block by 5.9% in the first quarter. Wellington Management Group LLP now owns 2,141,988 shares of the company's stock valued at $117,617,000 after purchasing an additional 119,510 shares during the period. Finally, LSV Asset Management raised its holdings in H&R Block by 14.3% in the first quarter. LSV Asset Management now owns 1,667,652 shares of the company's stock valued at $91,571,000 after acquiring an additional 209,019 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analyst Ratings Changes

HRB has been the topic of several analyst reports. The Goldman Sachs Group reduced their target price on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a report on Wednesday, August 13th. Wall Street Zen raised shares of H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barrington Research reduced their target price on shares of H&R Block from $70.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Finally, Zacks Research cut shares of H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $55.00.

H&R Block Stock Performance

NYSE:HRB traded down $0.12 during midday trading on Tuesday, reaching $50.23. The stock had a trading volume of 790,436 shares, compared to its average volume of 1,513,617. The firm has a fifty day simple moving average of $53.99 and a two-hundred day simple moving average of $55.50. H&R Block, Inc. has a 12-month low of $47.00 and a 12-month high of $64.90. 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 stock has a market cap of $6.73 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.82 and a beta of 0.26.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business earned $1.89 earnings per share. The business's quarterly 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. On average, equities analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Investors of record on Thursday, September 4th will be given a $0.42 dividend. This is a positive change from H&R Block's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, September 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. H&R Block's payout ratio is 33.56%.

H&R Block 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.