Blackhawk Network Holdings Inc. (NASDAQ:HAWK)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report released on Saturday. They presently have a $30.00 target price on the stock. Wedbush’s price target would suggest a potential downside of 12.52% from the company’s current price.
HAWK has been the topic of a number of other research reports. Jefferies Group reiterated a “buy” rating and issued a $43.00 target price on shares of Blackhawk Network Holdings in a report on Monday, October 10th. Zacks Investment Research cut Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Bank of America Corp. reissued a “hold” rating and issued a $36.00 price target on shares of Blackhawk Network Holdings in a research note on Wednesday, July 20th. Finally, Credit Agricole SA raised Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $36.00 in a research note on Wednesday, September 21st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.75.
Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 34.30 on Friday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 84.90 and a beta of 0.67. Blackhawk Network Holdings has a 1-year low of $28.88 and a 1-year high of $48.40. The stock’s 50 day moving average is $31.87 and its 200-day moving average is $33.17.
Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results on Tuesday, October 11th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $361.60 million for the quarter. Blackhawk Network Holdings had a return on equity of 13.38% and a net margin of 1.15%. Blackhawk Network Holdings’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts anticipate that Blackhawk Network Holdings will post $1.57 EPS for the current year.
In other 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 value of $898,000.00. Following the completion of the sale, the director now directly owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.24% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Atria Investments LLC acquired a new stake in Blackhawk Network Holdings during the third quarter valued at $242,000. 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 valued at $140,000 after buying an additional 2,470 shares in the last quarter. Royal Bank of Canada boosted 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 valued at $15,773,000 after buying an additional 448,406 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in Blackhawk Network Holdings during the second quarter valued at $247,000. Finally, Lebenthal Holdings LLC boosted 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 valued at $1,676,000 after buying an additional 10,084 shares in the last quarter. 91.35% of the stock is owned by 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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