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

A number of other hedge funds have also recently bought and sold shares of the business. OMERS ADMINISTRATION Corp grew its stake in H&R Block by 20.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,036 shares of the company's stock valued at $1,759,000 after purchasing an additional 5,436 shares in the last quarter. BNP Paribas Financial Markets grew its stake in H&R Block by 2.5% during the 1st quarter. BNP Paribas Financial Markets now owns 623,998 shares of the company's stock valued at $34,264,000 after purchasing an additional 15,260 shares in the last quarter. Jump Financial LLC acquired a new stake in H&R Block during the 1st quarter valued at approximately $416,000. SVB Wealth LLC acquired a new stake in H&R Block during the 1st quarter valued at approximately $26,000. Finally, Kestra Advisory Services LLC lifted its holdings in H&R Block by 7.4% during the 1st quarter. Kestra Advisory Services LLC now owns 27,561 shares of the company's stock worth $1,513,000 after buying an additional 1,910 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analyst Weigh In

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

H&R Block Stock Performance

Shares of NYSE HRB traded up $0.23 during mid-day trading on Monday, hitting $50.36. The company had a trading volume of 2,240,143 shares, compared to its average volume of 2,127,650. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.82 and a beta of 0.26. H&R Block, Inc. has a 12 month low of $47.00 and a 12 month high of $64.90. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. The firm's 50 day simple moving average is $54.08 and its two-hundred day simple moving average is $55.51.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly 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). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business posted $1.89 EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Increases Dividend

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

About H&R Block

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.