Blackhawk Network Holdings Inc. (HAWK) Given Consensus Recommendation of “Buy” by Analysts
Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) have received a consensus rating of “Buy” from the eleven research firms that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.00.
Several brokerages recently issued reports on HAWK. Jefferies Group restated a “buy” rating and set a $43.00 target price on shares of Blackhawk Network Holdings in a research report on Tuesday. Wedbush restated a “neutral” rating and set a $30.00 target price on shares of Blackhawk Network Holdings in a research report on Saturday. Bank of America Corp. downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and lowered their price target for the company from $41.00 to $34.00 in a report on Friday, October 7th. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Finally, Credit Agricole SA raised shares of Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $36.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call.
Blackhawk Network Holdings (NASDAQ:HAWK) traded up 4.855% during trading on Tuesday, hitting $36.175. 727,510 shares of the company traded hands. The stock has a market capitalization of $2.04 billion, a PE ratio of 89.542 and a beta of 0.67. The company’s 50 day moving average is $31.89 and its 200-day moving average is $33.15. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $48.40.
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Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Tuesday, October 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The company earned $361.60 million during the quarter. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.38%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. Analysts predict that Blackhawk Network Holdings will post $1.57 earnings per share for the current year.
In other news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the transaction, the director now owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.24% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Atria Investments LLC bought a new position in Blackhawk Network Holdings during the third quarter valued at approximately $242,000. BNP Paribas Arbitrage SA increased its position in Blackhawk Network Holdings by 113.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,645 shares of the company’s stock valued at $140,000 after buying an additional 2,470 shares during the period. Royal Bank of Canada increased its stake in Blackhawk Network Holdings by 1,986.0% in the second quarter. Royal Bank of Canada now owns 470,984 shares of the company’s stock worth $15,773,000 after buying an additional 448,406 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in Blackhawk Network Holdings during the second quarter worth about $247,000. Finally, Lebenthal Holdings LLC increased its stake in Blackhawk Network Holdings by 25.2% in the second quarter. Lebenthal Holdings LLC now owns 50,049 shares of the company’s stock worth $1,676,000 after buying an additional 10,084 shares during the last quarter. 91.34% of the stock is currently owned by hedge funds and other institutional investors.
Blackhawk Network Holdings Company Profile
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.
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