H&R Block, Inc. $HRB is Prevatt Capital Ltd’s 9th Largest Position

Prevatt Capital Ltd increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 102.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 710,000 shares of the company’s stock after purchasing an additional 360,000 shares during the quarter. H&R Block accounts for about 6.1% of Prevatt Capital Ltd’s investment portfolio, making the stock its 9th largest holding. Prevatt Capital Ltd owned approximately 0.56% of H&R Block worth $22,535,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HRB. Norges Bank acquired a new position in H&R Block during the fourth quarter valued at approximately $69,441,000. AQR Capital Management LLC grew its stake in H&R Block by 60.4% during the third quarter. AQR Capital Management LLC now owns 2,593,290 shares of the company’s stock worth $130,961,000 after buying an additional 976,069 shares during the period. Ranmore Fund Management Ltd acquired a new stake in shares of H&R Block in the fourth quarter worth $41,314,000. Boston Partners increased its position in shares of H&R Block by 20.2% in the third quarter. Boston Partners now owns 3,886,544 shares of the company’s stock worth $196,542,000 after acquiring an additional 652,690 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of H&R Block by 268.1% in the 4th quarter. Millennium Management LLC now owns 839,268 shares of the company’s stock valued at $36,575,000 after acquiring an additional 611,265 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

HRB has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of H&R Block in a report on Friday, May 29th. Zacks Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $50.00 price objective on shares of H&R Block in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, H&R Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

H&R Block Stock Up 1.7%

NYSE HRB opened at $40.01 on Friday. The stock has a market cap of $5.07 billion, a PE ratio of 7.12, a P/E/G ratio of 0.56 and a beta of 0.36. H&R Block, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $57.55. The business has a 50 day moving average price of $36.16 and a two-hundred day moving average price of $35.85.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.77 by $0.25. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.34 billion. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. H&R Block’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $5.38 earnings per share. H&R Block has set its FY 2026 guidance at 5.100-5.20 EPS. Sell-side analysts anticipate that H&R Block, Inc. will post 5.18 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. H&R Block’s dividend payout ratio (DPR) is presently 29.89%.

H&R Block 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.