H&R Block (NYSE:HRB) Price Target Raised to $60.00

H&R Block (NYSE:HRB) had its target price increased by Barrington Research from $50.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s target price indicates a potential upside of 11.67% from the stock’s current price.

Several other analysts also recently issued reports on HRB. Stephens initiated coverage on shares of H&R Block in a research report on Tuesday, July 28th. They issued an “equal weight” rating and a $47.00 price target for the company. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $33.00 price objective on shares of H&R Block in a research note on Wednesday. Weiss Ratings raised shares of H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Finally, 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. One investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.67.

H&R Block Stock Up 15.1%

NYSE:HRB traded up $7.06 during trading hours on Wednesday, reaching $53.73. The company had a trading volume of 3,661,334 shares, compared to its average volume of 2,406,926. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.65 and a beta of 0.34. The business’s 50-day simple moving average is $40.00 and its two-hundred day simple moving average is $35.72. H&R Block has a twelve month low of $28.16 and a twelve month high of $58.67.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.17. H&R Block had a net margin of 18.90% and a negative return on equity of 211.62%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was up 255.5% compared to the same quarter last year. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. As a group, equities analysts predict that H&R Block will post 5.18 earnings per share for the current year.

Hedge Funds Weigh In On H&R Block

Several hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd bought a new position in shares of H&R Block in the second quarter valued at approximately $61,000. Bank of New York Mellon Corp purchased a new stake in shares of H&R Block during the 2nd quarter valued at $56,220,000. Handelsbanken Fonder AB raised its stake in shares of H&R Block by 8.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock worth $1,428,000 after purchasing an additional 2,800 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in shares of H&R Block by 14.3% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 58,629 shares of the company’s stock worth $2,233,000 after buying an additional 7,326 shares during the last quarter. Finally, Affinity Capital Advisors LLC grew its position in H&R Block by 62.8% during the second quarter. Affinity Capital Advisors LLC now owns 12,094 shares of the company’s stock valued at $474,000 after buying an additional 4,666 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block News Roundup

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

• Positive Sentiment: Q4 results exceeded expectations: H&R Block reported fiscal fourth-quarter adjusted EPS of $2.38, above the $2.21 analyst consensus, while revenue reached $1.14 billion versus estimates of $1.12 billion. EPS also increased from $2.27 in the year-ago quarter. H&R Block Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Optimistic fiscal 2027 outlook: Management forecast revenue of approximately $4.11 billion to $4.16 billion and adjusted EPS of $6.04 to $6.24, both above Wall Street expectations. The outlook supports the view that H&R Block can continue growing earnings while expanding its consultative, higher-value client model. H&R Block Fiscal 2027 Outlook
• Positive Sentiment: Shareholder returns improved: The board raised the quarterly dividend 9.5% to $0.46 per share, payable October 6 to shareholders of record September 3. The increase marks the company’s ninth consecutive annual dividend increase and implies a yield of roughly 3.9%, strengthening the stock’s income appeal. H&R Block Reports Fiscal 2026 Results
• Neutral Sentiment: Options activity signals increased speculation: Investors purchased 2,201 HRB call options, nearly three times typical volume. This may reflect bullish positioning following the earnings report, but options activity alone does not establish a fundamental change in the company’s value.
• Negative Sentiment: Execution risks remain: H&R Block plans to invest more in an AI-enabled expert model, client retention and higher-value customers. These initiatives could support longer-term growth, but the additional investment may pressure near-term margins if adoption or retention gains take longer than expected. H&R Block FY2027 Growth Priorities

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.