H&R Block (NYSE:HRB) Stock Gets Price Target Increase from The Goldman Sachs Group

H&R Block (NYSE:HRB) had its price objective boosted by analysts at The Goldman Sachs Group from $36.00 to $40.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group‘s price objective points to a potential downside of 21.89% from the company’s previous close.

HRB has been the topic of several other research reports. Barrington Research increased their target price on H&R Block from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Weiss Ratings raised H&R Block from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, October 14th. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Finally, Stephens initiated coverage on H&R Block in a research report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.00.

H&R Block Trading Down 2.8%

Shares of NYSE:HRB opened at $51.21 on Tuesday. H&R Block has a 52 week low of $28.16 and a 52 week high of $58.67. The company’s 50 day moving average is $46.76 and its two-hundred day moving average is $39.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 12.69. The company has a market cap of $6.27 billion, a PE ratio of 8.95, a P/E/G ratio of 0.73 and a beta of 0.40.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Monday, November 9th. The company reported ($1.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.03. The business had revenue of $224.34 million for the quarter, compared to analyst estimates of $212.28 million. H&R Block had a net margin of 18.59% and a negative return on equity of 214.84%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned ($1.20) EPS. Equities analysts predict that H&R Block will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling at H&R Block

In other news, insider Mark J. Darling sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $40.69, for a total transaction of $109,863.00. Following the completion of the sale, the insider owned 21,588 shares in the company, valued at approximately $878,415.72. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On H&R Block

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fulcrum Asset Management LLP lifted its holdings in shares of H&R Block by 853.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 4,784 shares of the company’s stock valued at $194,000 after purchasing an additional 4,282 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of H&R Block by 51.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,053 shares of the company’s stock valued at $206,000 after purchasing an additional 1,714 shares during the period. Richardson Financial Services Inc. grew its stake in H&R Block by 861.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 673 shares of the company’s stock worth $27,000 after buying an additional 603 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in H&R Block during the 3rd quarter worth approximately $942,000. Finally, Carolina Wealth Advisors LLC increased its position in H&R Block by 2.6% during the third quarter. Carolina Wealth Advisors LLC now owns 60,154 shares of the company’s stock worth $2,457,000 after buying an additional 1,525 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block News Summary

Here are the key news stories impacting H&R Block this week:

• Positive Sentiment: H&R Block reported fiscal Q1 revenue of $224.3 million, up 10.2% year over year and ahead of analysts’ expectations. Its loss of $1.40 per share was also slightly better than the $1.43 consensus estimate. H&R Block Q1 results
• Positive Sentiment: The company declared a quarterly dividend of $0.46 per share, equivalent to $1.84 annually and a yield of about 3.6%. It also said it repurchased $100 million of shares during the quarter. Fiscal 2027 first-quarter results and outlook
• Neutral Sentiment: H&R Block reaffirmed its fiscal 2027 outlook, offering continuity but no new forecast boost to counter concerns about the quarterly loss. Fiscal 2027 outlook
• Negative Sentiment: The quarter’s loss widened from $1.20 per share a year earlier to $1.40, a likely concern despite the modest beat versus estimates. This may help explain the stock’s decline as investors weigh weak seasonal profitability against revenue growth. H&R Block posts higher revenue and wider loss

H&R Block Company Profile

H&R Block, Inc provides tax preparation and related financial services to individuals and small businesses. Its offerings include in-person tax preparation, online do-it-yourself filing, virtual tax assistance, and tax software, along with bookkeeping and other small-business services through its Block Advisors and Wave brands.

Founded in 1955 in Kansas City, Missouri, by brothers Henry and Richard Bloch, the company grew from a local tax preparation business into a provider of tax services through offices and digital channels.