H&R Block (NYSE:HRB) Raised to “Strong-Buy” at Zacks Research

H&R Block (NYSE:HRB) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 price target on shares of H&R Block in a report on Monday, April 27th. Weiss Ratings raised H&R Block from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group cut their price target on H&R Block from $48.00 to $32.00 and set a “sell” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.00.

H&R Block Stock Performance

NYSE HRB opened at $36.87 on Thursday. H&R Block has a twelve month low of $28.16 and a twelve month high of $59.17. The stock has a market capitalization of $4.67 billion, a PE ratio of 6.56, a P/E/G ratio of 0.56 and a beta of 0.29. The stock has a 50-day simple moving average of $31.30 and a 200 day simple moving average of $38.34.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share for the quarter, topping 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the firm earned $5.38 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. 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 5.16 EPS for the current fiscal year.

Hedge Funds Weigh In On H&R Block

Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its holdings in shares of H&R Block by 4.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,516 shares of the company’s stock worth $186,763,000 after buying an additional 191,608 shares in the last quarter. Boston Partners raised its holdings in shares of H&R Block by 20.2% in the 3rd quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after buying an additional 652,690 shares in the last quarter. AQR Capital Management LLC grew its position in H&R Block by 31.2% in the fourth quarter. AQR Capital Management LLC now owns 3,402,728 shares of the company’s stock valued at $146,998,000 after acquiring an additional 809,438 shares during the period. Lazard Asset Management LLC grew its position in H&R Block by 0.8% in the third quarter. Lazard Asset Management LLC now owns 3,213,177 shares of the company’s stock valued at $162,490,000 after acquiring an additional 26,708 shares during the period. Finally, Northern Trust Corp grew its position in H&R Block by 10.9% in the third quarter. Northern Trust Corp now owns 2,750,413 shares of the company’s stock valued at $139,088,000 after acquiring an additional 269,581 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

Key Stories Impacting H&R Block

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

• Positive Sentiment: Fiscal Q3 revenue rose 5.3% to about $2.4 billion, while earnings beat expectations, reinforcing that demand for tax-prep services held up well. H&R Block Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: The company raised fiscal 2026 guidance, now projecting revenue of $3.91 billion to $3.92 billion and boosting its outlook for adjusted EPS, which suggests management is seeing continued momentum into year-end. H&R Block projects $3.91B-$3.92B fiscal 2026 revenue as it raises outlook following tax season ’26
• Positive Sentiment: Management also highlighted stronger capital returns, including an incremental $100 million share repurchase authorization, which can support the stock by improving shareholder yield. H&R Block (HRB) jumps on Q3 results, raised FY2026 outlook, and stepped-up buyback plan
• Neutral Sentiment: Analysts and market commentary are focusing on valuation after the strong quarter, with the stock still trading below its 200-day average, suggesting room for continued re-rating if execution stays strong. A Look At H&R Block (HRB) Valuation After Strong Revenue And Net Income Results
• Neutral Sentiment: Coverage also noted improved growth and AI-related commentary from the earnings call, but these appear to be secondary to the core earnings beat and raised guidance. H&R Block Earnings Call Highlights Growth and AI

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.