H&R Block (NYSE:HRB) Upgraded by Stephens to Hold Rating

H&R Block (NYSE:HRB) was upgraded by investment analysts at Stephens to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and set a $50.00 price target on shares of H&R Block in a research note on Monday, April 27th. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.00.

H&R Block Stock Up 6.3%

Shares of NYSE HRB opened at $44.99 on Monday. H&R Block has a 12-month low of $28.16 and a 12-month high of $55.95. The firm’s 50-day simple moving average is $38.62 and its 200 day simple moving average is $35.50. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.60 and a beta of 0.36.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.77 by $0.25. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.38 EPS. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. On average, equities analysts expect that H&R Block will post 5.18 earnings per share for the current year.

Institutional Trading of H&R Block

Institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in shares of H&R Block during the 4th quarter valued at $28,000. Valley National Advisers Inc. bought a new position in shares of H&R Block in the 4th quarter worth $34,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of H&R Block by 54.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock worth $34,000 after purchasing an additional 314 shares during the last quarter. Spire Wealth Management boosted its position in shares of H&R Block by 61.1% in the 4th quarter. Spire Wealth Management now owns 836 shares of the company’s stock worth $36,000 after purchasing an additional 317 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of H&R Block by 82.1% during the fourth quarter. Signaturefd LLC now owns 843 shares of the company’s stock worth $37,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block (NYSE: HRB) is a leading provider of tax preparation services and software solutions, serving individual and small-business clients through a combination of retail offices, online platforms and mobile applications. The company offers assisted tax preparation at its network of retail offices, where clients work with trained tax professionals, as well as do-it-yourself (DIY) software and online filing services designed to guide users through the complexities of federal and state tax returns.

Founded in 1955 by brothers Henry W.