Kendall Capital Management Invests $2.02 Million in H&R Block, Inc. $HRB

Kendall Capital Management acquired a new position in H&R Block, Inc. (NYSE:HRB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 53,000 shares of the company’s stock, valued at approximately $2,018,000.

Several other hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC boosted its stake in H&R Block by 34.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock valued at $40,000 after purchasing an additional 267 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of H&R Block by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 46,171 shares of the company’s stock valued at $2,335,000 after purchasing an additional 286 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of H&R Block by 1.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,496 shares of the company’s stock valued at $980,000 after purchasing an additional 309 shares during the period. Vise Technologies Inc. raised its holdings in shares of H&R Block by 7.4% during the third quarter. Vise Technologies Inc. now owns 4,486 shares of the company’s stock valued at $227,000 after buying an additional 311 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of H&R Block by 54.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after buying an additional 314 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HRB shares. The Goldman Sachs Group raised their target price on H&R Block from $29.00 to $33.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Barrington Research increased their price target on H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research lowered H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Stephens began coverage on shares of H&R Block in a research note on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, H&R Block currently has a consensus rating of “Hold” and a consensus price target of $46.67.

H&R Block Trading Up 1.1%

Shares of NYSE:HRB opened at $53.62 on Friday. The company has a debt-to-equity ratio of 12.69, a quick ratio of 1.00 and a current ratio of 1.13. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.70 and a beta of 0.34. The company has a 50 day moving average price of $42.46 and a 200 day moving average price of $36.48. H&R Block, Inc. has a 1-year low of $28.16 and a 1-year high of $58.67.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.17. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.H&R Block’s revenue for the quarter was up 255.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 earnings per share. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. On average, research analysts anticipate that H&R Block, Inc. will post 6.14 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, September 3rd. This is a positive change from H&R Block’s previous quarterly dividend of $0.42. H&R Block’s dividend payout ratio is presently 29.37%.

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.