Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) have earned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.25.

A number of research firms recently issued reports on HAWK. Citigroup Inc. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the company from $39.00 to $47.00 in a report on Friday, May 19th. Zacks Investment Research lowered Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Thursday. First Analysis lifted their target price on Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $43.00 target price on shares of Blackhawk Network Holdings in a report on Thursday, February 16th.

Shares of Blackhawk Network Holdings (HAWK) opened at 42.55 on Friday. The company’s 50 day moving average price is $42.39 and its 200-day moving average price is $38.86. The stock’s market capitalization is $2.40 billion. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $44.90.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $407.20 million during the quarter, compared to analyst estimates of $379.13 million. Blackhawk Network Holdings had a positive return on equity of 8.36% and a negative net margin of 0.27%. Blackhawk Network Holdings’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. Equities research analysts predict that Blackhawk Network Holdings will post $1.65 EPS for the current year.

In other Blackhawk Network Holdings news, Director Jeffrey H. Fox purchased 2,775 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was bought at an average cost of $41.64 per share, with a total value of $115,551.00. Following the acquisition, the director now directly owns 2,775 shares of the company’s stock, valued at $115,551. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of Blackhawk Network Holdings stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total value of $825,000.00. Following the sale, the insider now directly owns 240,931 shares of the company’s stock, valued at $9,938,403.75. The disclosure for this sale can be found here. Insiders have sold a total of 77,153 shares of company stock valued at $3,198,121 over the last ninety days. 3.80% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Blackhawk Network Holdings by 71,649.0% in the first quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock worth $138,718,000 after buying an additional 3,411,926 shares during the period. Jana Partners LLC purchased a new stake in Blackhawk Network Holdings during the first quarter valued at $109,418,000. FIL Ltd purchased a new stake in Blackhawk Network Holdings during the first quarter valued at $20,092,000. Norges Bank purchased a new stake in Blackhawk Network Holdings during the fourth quarter valued at $18,577,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Blackhawk Network Holdings during the fourth quarter valued at $14,760,000.

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Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.

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