Robert Half (NYSE:RHI) Sets New 1-Year Low – Time to Sell?

Robert Half Inc. (NYSE:RHI) shares reached a new 52-week low on Thursday . The company traded as low as $25.22 and last traded at $25.1410, with a volume of 1603954 shares traded. The stock had previously closed at $27.14.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RHI. BNP Paribas Exane cut Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a research note on Friday, December 5th. The Goldman Sachs Group upped their target price on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 price target on shares of Robert Half in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective 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. Finally, Truist Financial increased their price objective on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Reduce” and an average target price of $33.50.

Robert Half Stock Performance

The company has a market cap of $2.57 billion, a price-to-earnings ratio of 19.11 and a beta of 0.88. The business has a fifty day moving average price of $28.37 and a 200 day moving average price of $31.02.

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

Hedge Funds Weigh In On Robert Half

Institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after buying an additional 764 shares in the last quarter. Gilpin Wealth Management LLC bought a new stake in Robert Half during the 4th quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Robert Half in the 2nd quarter worth about $34,000. Caitong International Asset Management Co. Ltd raised its position in Robert Half by 927.7% in the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 770 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 664 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.