On August 19, 2024, Tony Bowen, the Chief Financial Officer of H&R Block Inc (NYSE:HRB), performed a significant transaction by selling 79,259 shares of the company’s stock. The sale was documented in a recent SEC filing. Following this transaction, the insider now owns 90,095.4863 shares of H&R Block Inc.
H&R Block Inc. is a global provider of consumer tax services. The company helps customers prepare, file and advise on their tax returns through multiple platforms, including in-person, online and mobile applications. The company’s tax professionals are trained to handle a wide range of tax situations and its services extend across the globe, covering local, state and international tax obligations.
Over the last year, Tony Bowen has sold a total of 126,151 shares and purchased no shares of the company’s stock. This latest sale continues a trend seen over the last year, when there were 8 insider sales and no insider purchases.
On the day of the sale, H&R Block Inc.’s stock price was $65.17, giving it a market capitalization of approximately $9.30 billion. The company’s price-to-earnings ratio was 15.78, just below the industry average of 16.08.
According to GF Value, the estimated intrinsic value of H&R Block Inc. is $44.87 per share, making the stock significantly overvalued with a price-to-value ratio of 1.45.
The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted by a GuruFocus factor that takes into account past earnings and growth as well as Morningstar analyst estimates of future business performance.
This sale by the insider may be of interest to current and prospective investors as it provides insight into insider confidence and valuation perspectives at current market prices.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
