H&R Block (NYSE:HRB) Given New $60.00 Price Target at Barrington Research

H&R Block (NYSE:HRB) had its price objective upped by equities research analysts at Barrington Research from $50.00 to $60.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s price target would suggest a potential upside of 11.67% from the company’s previous close.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group reissued a “sell” rating and issued a $33.00 target price on shares of H&R Block in a report on Wednesday. Zacks Research downgraded shares of H&R Block from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Stephens began coverage on shares of H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target for the company. Finally, Weiss Ratings raised H&R Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, H&R Block has an average rating of “Hold” and an average price target of $46.67.

H&R Block Stock Up 15.1%

Shares of HRB traded up $7.06 during trading hours on Wednesday, hitting $53.73. 3,661,334 shares of the company were exchanged, compared to its average volume of 2,406,926. H&R Block has a fifty-two week low of $28.16 and a fifty-two week high of $58.67. The company 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 firm’s fifty day moving average is $40.00 and its 200 day moving average is $35.72.

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, topping analysts’ consensus estimates 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 the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The business’s revenue for the quarter was up 255.5% on a year-over-year basis. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Analysts anticipate that H&R Block will post 5.18 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in shares of H&R Block during the fourth quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in H&R Block by 100.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the company’s stock worth $39,000 after purchasing an additional 357 shares during the last quarter. Valley National Advisers Inc. acquired a new position in shares of H&R Block in the 4th quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of H&R Block by 54.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of H&R Block during the third quarter worth $46,000. 90.14% of the stock is owned by institutional investors.

More H&R Block News

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

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.