Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) had its target price trimmed by Argus from $50.00 to $45.00 in a research note published on Tuesday, October 17th. The firm currently has a buy rating on the credit services provider’s stock.
Other equities analysts have also issued research reports about the stock. Citigroup Inc. restated a buy rating and set a $47.00 price target on shares of Blackhawk Network Holdings in a research report on Monday, July 17th. BidaskClub upgraded shares of Blackhawk Network Holdings from a hold rating to a buy rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a buy rating and set a $53.00 target price (up previously from $49.00) on shares of Blackhawk Network Holdings in a research report on Monday, July 24th. Mizuho reiterated a buy rating and set a $52.00 target price (up previously from $50.00) on shares of Blackhawk Network Holdings in a research report on Saturday, July 22nd. Finally, Craig Hallum reiterated a buy rating and set a $58.00 target price on shares of Blackhawk Network Holdings in a research report on Friday, September 1st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $47.62.
Blackhawk Network Holdings (NASDAQ:HAWK) traded down $0.10 on Tuesday, reaching $34.95. 400,764 shares of the company’s stock traded hands, compared to its average volume of 1,443,626. The firm has a market capitalization of $1,991.30, a P/E ratio of 61.49, a price-to-earnings-growth ratio of 5.63 and a beta of 0.45. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. Blackhawk Network Holdings has a 1 year low of $32.60 and a 1 year high of $46.70.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. analysts forecast that Blackhawk Network Holdings will post 0.41 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Blackhawk Network Holdings by 2.2% in the first quarter. Bank of America Corp DE now owns 479,604 shares of the credit services provider’s stock valued at $19,471,000 after acquiring an additional 10,360 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Blackhawk Network Holdings in the first quarter valued at $229,000. Balyasny Asset Management LLC boosted its holdings in Blackhawk Network Holdings by 25.3% in the second quarter. Balyasny Asset Management LLC now owns 129,357 shares of the credit services provider’s stock valued at $5,640,000 after acquiring an additional 26,122 shares in the last quarter. Vivaldi Asset Management LLC bought a new stake in Blackhawk Network Holdings in the second quarter valued at $10,271,000. Finally, Argent Capital Management LLC bought a new stake in Blackhawk Network Holdings in the second quarter valued at $1,603,000. Institutional investors and hedge funds own 95.80% of the company’s stock.
Blackhawk Network Holdings Company Profile
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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