H&R Block (NYSE:HRB) Receives Outperform Rating from Barrington Research

Key Points

• H&R Block's stock has been rated "outperform" by Barrington Research, with a target price of $62.00, suggesting a potential upside of 24.31%.
• The stock is currently trading at $49.88, down 0.5%, and has a consensus rating of "Hold" with an average price target of $55.00.
• In recent earnings, H&R Block reported $2.27 EPS, missing estimates by ($0.54), while revenue increased by 4.6% year-over-year.

H&R Block (NYSE:HRB - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $62.00 target price on the stock. Barrington Research's target price would suggest a potential upside of 24.31% from the stock's current price.

Several other equities research analysts also recently commented on the stock. The Goldman Sachs Group lowered 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. Zacks Research lowered 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $55.00.

H&R Block Stock Down 0.5%

Shares of HRB stock traded down $0.27 during trading hours on Tuesday, hitting $49.88. 225,545 shares of the company's stock traded hands, compared to its average volume of 1,537,238. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.81 and a beta of 0.26. 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's fifty day simple moving average is $52.61 and its two-hundred day simple moving average is $55.26. H&R Block has a 12-month low of $47.00 and a 12-month high of $64.62.

H&R Block (NYSE:HRB - Get Free Report) last posted its 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). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $1.89 EPS. 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. On average, analysts expect that H&R Block will post 5.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HRB. State of Wyoming increased its stake in shares of H&R Block by 13,962.5% in the 2nd quarter. State of Wyoming now owns 2,250 shares of the company's stock valued at $124,000 after acquiring an additional 2,234 shares during the last quarter. Caxton Associates LLP boosted its position in H&R Block by 28.3% during the 2nd quarter. Caxton Associates LLP now owns 48,719 shares of the company's stock worth $2,674,000 after acquiring an additional 10,747 shares during the last quarter. Headlands Technologies LLC boosted its position in H&R Block by 13,920.9% during the 2nd quarter. Headlands Technologies LLC now owns 6,029 shares of the company's stock worth $331,000 after acquiring an additional 5,986 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of H&R Block by 28.1% in the 2nd quarter. Captrust Financial Advisors now owns 5,140 shares of the company's stock valued at $282,000 after buying an additional 1,127 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings 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 buying an additional 3,198 shares during the last quarter. 90.14% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.