Analysts Set Robert Half Inc. (NYSE:RHI) PT at $31.75

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus recommendation of “Reduce” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.75.

Several brokerages recently issued reports on RHI. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Truist Financial raised their price target on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. BMO Capital Markets cut their price target on Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Barclays cut their price target on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Finally, The Goldman Sachs Group raised their price target on Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a report on Tuesday, February 3rd.

Robert Half Stock Performance

Robert Half stock opened at $23.97 on Thursday. The firm’s 50-day moving average is $25.62 and its 200-day moving average is $27.71. Robert Half has a 1 year low of $21.83 and a 1 year high of $51.55. The company has a market cap of $2.42 billion, a P/E ratio of 18.02 and a beta of 0.85.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.53 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half’s payout ratio is presently 177.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RHI. Larson Financial Group LLC raised its stake in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 764 shares in the last quarter. Gilpin Wealth Management LLC bought a new stake in Robert Half during the 4th quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half during the 2nd quarter valued at $34,000. Fifth Third Bancorp raised its stake in Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Robert Half during the 3rd quarter valued at $37,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Company Profile

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.