Jefferies Group reiterated their buy rating on shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) in a research report report published on Monday morning. They currently have a $43.00 target price on the stock.
A number of other analysts have also recently commented on the company. Bank of America Corp. cut Blackhawk Network Holdings from a buy rating to a neutral rating and lowered their price target for the stock from $41.00 to $34.00 in a research report on Friday. Zacks Investment Research cut Blackhawk Network Holdings from a buy rating to a hold rating in a research report on Wednesday, September 21st. Finally, Credit Agricole SA raised Blackhawk Network Holdings from an underperform rating to an outperform rating and lifted their price target for the stock from $34.00 to $36.00 in a research report on Wednesday, September 21st. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Blackhawk Network Holdings has an average rating of Buy and a consensus target price of $42.75.
Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.53% during trading on Monday, hitting $32.03. The stock had a trading volume of 204,253 shares. The stock has a 50 day moving average price of $31.80 and a 200-day moving average price of $33.16. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 79.28 and a beta of 0.67. Blackhawk Network Holdings has a 12 month low of $28.88 and a 12 month high of $48.40.
Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities analysts predict that Blackhawk Network Holdings will post $1.57 EPS for the current year.
In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $35.92, for a total transaction of $898,000.00. Following the transaction, the director now owns 40,529 shares in the company, valued at $1,455,801.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.24% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HAWK. Virginia Retirement System purchased a new position in Blackhawk Network Holdings during the first quarter valued at $477,000. Pacad Investment Ltd. purchased a new position in Blackhawk Network Holdings during the first quarter valued at $362,000. Prudential Financial Inc. increased its position in Blackhawk Network Holdings by 106.8% in the first quarter. Prudential Financial Inc. now owns 16,501 shares of the company’s stock valued at $566,000 after buying an additional 8,521 shares during the period. BlackRock Inc. increased its position in Blackhawk Network Holdings by 56.8% in the first quarter. BlackRock Inc. now owns 37,160 shares of the company’s stock valued at $1,275,000 after buying an additional 13,467 shares during the period. Finally, BlackRock Group LTD increased its position in Blackhawk Network Holdings by 35.3% in the first quarter. BlackRock Group LTD now owns 97,040 shares of the company’s stock valued at $3,329,000 after buying an additional 25,309 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.
About Blackhawk Network Holdings
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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