Key Points
- Insider sale: Mark Darling sold 2,700 H&R Block shares for approximately $109,863, reducing his ownership by 11.12% to 21,588 shares.
- Financial performance and dividend: H&R Block exceeded quarterly earnings and revenue estimates, while raising its quarterly dividend from $0.42 to $0.46, equivalent to a 4.4% annualized yield.
- Market outlook: Institutional investors own 90.14% of the stock, while analysts maintain a consensus “Hold” rating with a $46.67 price target.
H&R Block, Inc. (NYSE:HRB - Get Free Report) insider Mark Darling sold 2,700 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $40.69, for a total value of $109,863.00. Following the completion of the sale, the insider owned 21,588 shares of the company's stock, valued at approximately $878,415.72. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
H&R Block Price Performance
Shares of NYSE HRB opened at $41.69 on Friday. The company has a market cap of $5.11 billion, a PE ratio of 7.29, a P/E/G ratio of 0.55 and a beta of 0.38. The company has a debt-to-equity ratio of 12.69, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day simple moving average of $47.21 and a two-hundred day simple moving average of $39.60. H&R Block, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $58.67.
H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.17. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.12 billion. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. H&R Block's revenue for the quarter was up 255.5% on a year-over-year basis. During the same period last year, the business earned $2.27 EPS. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, equities analysts expect that H&R Block, Inc. will post 6.11 EPS for the current fiscal year.
H&R Block Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be issued a $0.46 dividend. This is an increase from H&R Block's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 3rd. H&R Block's dividend payout ratio is 32.17%.
Institutional Trading of H&R Block
Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of H&R Block in the fourth quarter worth $69,441,000. Bank of New York Mellon Corp purchased a new position in shares of H&R Block during the second quarter worth $56,220,000. Lazard Asset Management LLC lifted its position in H&R Block by 50.9% during the first quarter. Lazard Asset Management LLC now owns 3,761,094 shares of the company's stock valued at $119,377,000 after purchasing an additional 1,269,064 shares during the period. RWWM Inc. acquired a new position in H&R Block during the first quarter valued at $11,438,000. Finally, Prevatt Capital Ltd boosted its holdings in H&R Block by 102.9% in the first quarter. Prevatt Capital Ltd now owns 710,000 shares of the company's stock valued at $22,535,000 after purchasing an additional 360,000 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HRB has been the topic of a number of research analyst reports. Stephens initiated coverage on shares of H&R Block in a report on Tuesday, July 28th. They set an "equal weight" rating and a $47.00 price objective on the stock. Zacks Research lowered H&R Block from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Barrington Research lifted their price target 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. Weiss Ratings reiterated a "hold (c)" rating on shares of H&R Block in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price objective on H&R Block from $29.00 to $33.00 and gave the company a "sell" rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, H&R Block has a consensus rating of "Hold" and a consensus price target of $46.67.
Read Our Latest Report on H&R Block
H&R Block Company Profile
(
Get Free Report)
H&R Block, Inc is a tax preparation and financial services company that helps individuals and small businesses manage tax filing and related financial needs. Its services are delivered through company-owned and franchise offices, online platforms and tax-preparation software, providing both assisted and do-it-yourself filing options.
The company offers federal, state and local tax preparation, tax planning and related support, along with products and services such as refund-related financial solutions, tax identity protection and small-business assistance.
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