Zacks Research Downgrades H&R Block (NYSE:HRB) to Hold

H&R Block (NYSE:HRB) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also weighed in on HRB. Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 target price on shares of H&R Block in a research note on Monday, April 27th. Finally, Stephens assumed coverage on shares of H&R Block in a research note on Tuesday. They issued an “equal weight” rating and a $47.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, H&R Block currently has an average rating of “Hold” and a consensus target price of $43.00.

H&R Block Trading Up 6.3%

NYSE HRB opened at $44.99 on Monday. The firm has a market cap of $5.70 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.60 and a beta of 0.36. H&R Block has a 1-year low of $28.16 and a 1-year high of $55.95. The stock has a 50-day moving average of $38.62 and a 200-day moving average of $35.50.

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

Institutional Investors Weigh In On H&R Block

A number of large investors have recently made changes to their positions in the business. UBS Group AG boosted its holdings in H&R Block by 19.2% in the fourth quarter. UBS Group AG now owns 934,917 shares of the company’s stock valued at $40,744,000 after acquiring an additional 150,719 shares in the last quarter. Sound Income Strategies LLC increased its position in H&R Block by 1,999.7% during the 4th quarter. Sound Income Strategies LLC now owns 106,077 shares of the company’s stock valued at $4,461,000 after purchasing an additional 101,025 shares during the period. Ceera Investments LLC raised its holdings in H&R Block by 299.1% in the 1st quarter. Ceera Investments LLC now owns 42,228 shares of the company’s stock worth $1,340,000 after purchasing an additional 31,648 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in H&R Block in the 1st quarter worth $1,523,000. Finally, Fifth Third Bancorp lifted its position in shares of H&R Block by 543.1% in the 1st quarter. Fifth Third Bancorp now owns 67,038 shares of the company’s stock worth $2,128,000 after purchasing an additional 56,613 shares during the period. 90.14% of the stock is currently owned by institutional investors.

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.