H&R Block (NYSE:HRB) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• H&R Block shares crossed above their 200-day moving average, reaching $40.93 and last trading near $40.50, while the 200-day average stood at $39.43.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $46.67. Recent targets range from $33 to $60.
• The company reported quarterly earnings and revenue above estimates and raised its quarterly dividend from $0.42 to $0.46 per share, implying a 4.5% annualized yield.

Shares of H&R Block, Inc. (NYSE:HRB - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $39.43 and traded as high as $40.93. H&R Block shares last traded at $40.5040, with a volume of 2,549,413 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HRB. Stephens began coverage on shares of H&R Block in a research note on Tuesday, July 28th. They set an "equal weight" rating and a $47.00 target price for the company. The Goldman Sachs Group upped their price objective on H&R Block from $29.00 to $33.00 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Barrington Research increased their price objective on H&R Block from $50.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, Weiss Ratings upgraded H&R Block from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $46.67.

H&R Block Trading Up 0.4%

The business has a 50 day moving average of $47.11 and a 200-day moving average of $39.43. The stock has a market cap of $5.13 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.53 and a beta of 0.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 12.69.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.17. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $2.27 earnings per share. H&R Block's revenue was up 255.5% compared to the same quarter last year. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. On average, analysts anticipate that H&R Block, Inc. will post 6.11 EPS for the current year.

H&R Block Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, September 3rd will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from H&R Block's previous quarterly dividend of $0.42. H&R Block's dividend payout ratio is presently 32.17%.

Institutional Investors Weigh In On H&R Block

Several hedge funds have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of H&R Block by 54.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company's stock valued at $34,000 after buying an additional 314 shares during the period. Elevation Wealth Partners LLC raised its holdings in H&R Block by 34.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company's stock valued at $40,000 after acquiring an additional 267 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of H&R Block by 51.4% during the 1st quarter. Bogart Wealth LLC now owns 1,311 shares of the company's stock worth $42,000 after purchasing an additional 445 shares during the period. Plato Investment Management Ltd purchased a new position in shares of H&R Block during the 2nd quarter worth $61,000. Finally, Rothschild Investment LLC boosted its holdings in shares of H&R Block by 45.2% during the fourth quarter. Rothschild Investment LLC now owns 1,645 shares of the company's stock worth $72,000 after purchasing an additional 512 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

About H&R Block

H&R Block, Inc is a tax preparation and financial services company that helps individuals and small businesses meet their tax and financial needs. The company provides assisted tax preparation through a network of offices and remote professionals, as well as do-it-yourself tax filing tools through its online and software-based platforms.

In addition to tax preparation and filing, H&R Block offers tax-related products and services such as refund transfer options, tax identity protection, and banking services through third-party or affiliated offerings.

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