Robert Half (NYSE:RHI) Sets New 1-Year Low on Analyst Downgrade

Robert Half Inc. (NYSE:RHI) shares hit a new 52-week low during trading on Wednesday after BMO Capital Markets lowered their price target on the stock from $35.00 to $32.00. BMO Capital Markets currently has a market perform rating on the stock. Robert Half traded as low as $24.35 and last traded at $24.86, with a volume of 3571127 shares trading hands. The stock had previously closed at $24.77.

A number of other analysts also recently weighed in on RHI. JPMorgan Chase & Co. raised their price target on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Truist Financial boosted their target price on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Barclays reduced their price target on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. UBS Group lowered their price objective on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $33.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Guggenheim Capital LLC lifted its holdings in Robert Half by 132.6% in the fourth quarter. Guggenheim Capital LLC now owns 25,703 shares of the business services provider’s stock worth $698,000 after purchasing an additional 14,655 shares during the period. Hawk Ridge Capital Management LP raised its position in shares of Robert Half by 2,679.9% during the 4th quarter. Hawk Ridge Capital Management LP now owns 762,400 shares of the business services provider’s stock worth $20,707,000 after buying an additional 734,975 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Robert Half in the 4th quarter worth approximately $350,000. Cetera Investment Advisers boosted its holdings in shares of Robert Half by 64.7% in the fourth quarter. Cetera Investment Advisers now owns 23,638 shares of the business services provider’s stock valued at $642,000 after acquiring an additional 9,290 shares in the last quarter. Finally, Talaria Asset Management Pty Ltd increased its stake in shares of Robert Half by 34.7% during the fourth quarter. Talaria Asset Management Pty Ltd now owns 928,000 shares of the business services provider’s stock valued at $25,204,000 after acquiring an additional 239,200 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

The company has a fifty day moving average of $28.23 and a 200 day moving average of $30.62. The stock has a market cap of $2.52 billion, a P/E ratio of 18.69 and a beta of 0.88.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Wednesday, February 25th. Robert Half’s payout ratio is presently 177.44%.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.