Compass Point Reports On HRB Retail Filings

Compass Point has issued a report regarding the H&R Block HRB retail filing statistics. According to the report, “HRB reported YTD retail filing statistics that beat prior guidance but are below what we believe IRS filing statistics may have implied. Digital filing growth accelerated from prior statistics with growth coming in software. Average pricing was in-line with prior guidance.” HRB is rated Neutral and has a $16 Price Target.