H&R Block (NYSE:HRB) Hits New 1-Year Low – Here’s Why

H&R Block, Inc. (NYSE:HRB)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $41.28 and last traded at $41.3550, with a volume of 216506 shares traded. The stock had previously closed at $42.11.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HRB shares. Barrington Research reaffirmed an “outperform” rating and set a $62.00 price objective on shares of H&R Block in a research report on Monday, October 27th. The Goldman Sachs Group lowered their target price on H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research note on Wednesday, August 13th. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a report on Monday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, H&R Block has an average rating of “Hold” and a consensus target price of $55.00.

H&R Block Price Performance

The company’s 50-day moving average is $47.67 and its 200-day moving average is $51.62. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 0.67 and a beta of 0.31. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 12.86.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, topping the consensus estimate of ($1.40) by $0.20. H&R Block had a negative return on equity of 169.98% and a net margin of 16.24%.The firm had revenue of $203.55 million during the quarter, compared to analysts’ expectations of $200.13 million. During the same period in the prior year, the company earned ($1.17) earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 4th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, December 4th. H&R Block’s payout ratio is currently 37.75%.

Insider Buying and Selling

In other news, CEO Jeffrey J. Jones II sold 176,449 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $46.46, for a total value of $8,197,820.54. Following the completion of the transaction, the chief executive officer owned 906,313 shares of the company’s stock, valued at approximately $42,107,301.98. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its position in H&R Block by 17.0% during the third quarter. Allworth Financial LP now owns 5,825 shares of the company’s stock valued at $295,000 after acquiring an additional 846 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new position in shares of H&R Block during the 3rd quarter valued at $307,000. CIBC Private Wealth Group LLC lifted its position in shares of H&R Block by 10.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,835 shares of the company’s stock valued at $194,000 after acquiring an additional 348 shares during the period. Danske Bank A S bought a new position in H&R Block during the third quarter worth $46,000. Finally, Advisory Services Network LLC acquired a new stake in H&R Block in the third quarter worth $180,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

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.