H&R Block (NYSE:HRB) Coverage Initiated by Analysts at Stephens

Equities researchers at Stephens started coverage on shares of H&R Block (NYSE:HRB) in a report released on Tuesday,Benzinga reports. The brokerage set an “equal weight” rating and a $47.00 price target on the stock. Stephens’ target price would indicate a potential upside of 11.07% from the company’s previous close.

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

H&R Block Stock Up 3.6%

Shares of HRB opened at $42.32 on Tuesday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.58 and a beta of 0.36. H&R Block has a 52 week low of $28.16 and a 52 week high of $55.95. The stock’s 50-day moving average price is $38.49 and its 200-day moving average price is $35.49.

H&R Block (NYSE:HRB) last announced its quarterly earnings results 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. H&R Block had a negative return on equity of 211.62% and a net margin of 18.90%.The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned $5.38 earnings per share. H&R Block’s quarterly revenue was up 5.3% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. As a group, equities analysts anticipate that H&R Block will post 5.18 EPS for the current fiscal year.

Institutional Trading of H&R Block

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB lifted its position in shares of H&R Block by 8.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $1,428,000 after buying an additional 2,800 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in H&R Block by 14.3% during the second quarter. Carolina Wealth Advisors LLC now owns 58,629 shares of the company’s stock worth $2,233,000 after acquiring an additional 7,326 shares during the period. Affinity Capital Advisors LLC lifted its holdings in H&R Block by 62.8% during the second quarter. Affinity Capital Advisors LLC now owns 12,094 shares of the company’s stock valued at $474,000 after purchasing an additional 4,666 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in H&R Block by 34.5% during the second quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock valued at $40,000 after purchasing an additional 267 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of H&R Block in the second quarter valued at about $4,455,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

About H&R Block

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.