Jefferies Group restated their buy rating on shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) in a research report report published on Tuesday morning. Jefferies Group currently has a $43.00 target price on the stock.
Several other analysts have also weighed in on the company. Bank of America Corp. lowered Blackhawk Network Holdings from a buy rating to a neutral rating and decreased their price target for the company from $41.00 to $34.00 in a report on Friday, October 7th. Zacks Investment Research raised Blackhawk Network Holdings from a sell rating to a strong-buy rating and set a $41.00 price objective on the stock in a research report on Wednesday, July 27th. Credit Agricole SA raised Blackhawk Network Holdings from an underperform rating to an outperform rating and increased 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. Finally, Wedbush reissued a neutral rating and set a $30.00 price target on shares of Blackhawk Network Holdings in a research report on Saturday. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Blackhawk Network Holdings presently has an average rating of Buy and a consensus price target of $42.75.
Blackhawk Network Holdings (NASDAQ:HAWK) opened at 36.05 on Tuesday. The stock has a 50 day moving average of $31.95 and a 200 day moving average of $33.16. The company has a market cap of $2.03 billion, a PE ratio of 89.23 and a beta of 0.67. Blackhawk Network Holdings has a one year low of $28.88 and a one year high of $48.40.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings data on Tuesday, October 11th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. The company earned $361.60 million during the quarter. Blackhawk Network Holdings had a return on equity of 13.38% and a net margin of 1.15%. The company’s 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. On average, analysts anticipate that Blackhawk Network Holdings will post $1.57 earnings per share for the current fiscal year.
In related news, Director Arun Sarin sold 25,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $35.92, for a total transaction of $898,000.00. Following the sale, the director now owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.24% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HAWK. DekaBank Deutsche Girozentrale boosted its stake in Blackhawk Network Holdings by 37.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,333 shares of the company’s stock worth $109,000 after buying an additional 911 shares during the period. BNP Paribas Arbitrage SA boosted its stake 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 worth $140,000 after buying an additional 2,470 shares during the period. US Bancorp DE boosted its stake in Blackhawk Network Holdings by 94.7% in the second quarter. US Bancorp DE now owns 5,800 shares of the company’s stock worth $194,000 after buying an additional 2,821 shares during the period. Penserra Capital Management LLC boosted its stake in Blackhawk Network Holdings by 22.6% in the second quarter. Penserra Capital Management LLC now owns 6,392 shares of the company’s stock worth $214,000 after buying an additional 1,178 shares during the period. Finally, HBK Investments L P boosted its stake in Blackhawk Network Holdings by 10.3% in the first quarter. HBK Investments L P now owns 6,400 shares of the company’s stock worth $220,000 after buying an additional 600 shares during the period. Institutional investors own 91.34% of the company’s stock.
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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