H&R Block (NYSE:HRB) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

H&R Block, Inc. (NYSE:HRB)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.97 and traded as high as $45.24. H&R Block shares last traded at $44.51, with a volume of 1,775,671 shares changing hands.

Analysts Set New Price Targets

HRB has been the topic of a number of recent analyst 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 research report on Wednesday, August 12th. Stephens assumed coverage on shares of H&R Block in a report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price target for the company. Zacks Research cut shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. The Goldman Sachs Group increased their price objective on shares of H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, H&R Block presently has an average rating of “Hold” and an average target price of $46.67.

H&R Block Price Performance

The stock’s fifty day moving average price is $47.09 and its 200-day moving average price is $39.06. The firm has a market cap of $5.39 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. The company has a debt-to-equity ratio of 12.69, a current ratio of 1.13 and a quick ratio of 1.13.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 was up 255.5% compared to the same quarter last year. During the same quarter in the prior year, the company 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 announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. 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 yield of 4.3%. H&R Block’s dividend payout ratio is currently 32.17%.

Institutional Trading of H&R Block

Several institutional investors have recently added to or reduced their stakes in HRB. Cygnus Capital Advisors LLC acquired a new position in H&R Block during the second quarter worth $1,853,000. Syon Capital LLC purchased a new stake in H&R Block during the second quarter worth about $382,000. Archer Investment Corp acquired a new stake in shares of H&R Block during the second quarter worth about $621,000. Public Employees Retirement System of Ohio acquired a new position in shares of H&R Block in the second quarter valued at approximately $1,460,000. Finally, Redwood Investment Management LLC purchased a new stake in H&R Block during the 2nd quarter worth approximately $2,203,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc is a tax preparation and financial services company that helps individuals and small businesses meet their tax and financial needs. The company provides assisted tax preparation through a network of offices and remote professionals, as well as do-it-yourself tax filing tools through its online and software-based platforms.

In addition to tax preparation and filing, H&R Block offers tax-related products and services such as refund transfer options, tax identity protection, and banking services through third-party or affiliated offerings.