Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) have been assigned an average recommendation of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $44.75.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Blackhawk Network from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 14th. BidaskClub raised shares of Blackhawk Network from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. SunTrust Banks lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Jefferies Group lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, Mizuho reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Blackhawk Network in a research note on Monday, February 26th.
A number of institutional investors and hedge funds have recently made changes to their positions in HAWK. Millennium Management LLC raised its holdings in Blackhawk Network by 1,722.5% in the 4th quarter. Millennium Management LLC now owns 646,573 shares of the credit services provider’s stock worth $23,050,000 after acquiring an additional 611,095 shares during the period. ING Groep NV bought a new position in Blackhawk Network in the 4th quarter worth $13,436,000. Shell Asset Management Co. bought a new position in Blackhawk Network in the 4th quarter worth $12,439,000. Standard Life Aberdeen plc raised its holdings in Blackhawk Network by 73.2% in the 4th quarter. Standard Life Aberdeen plc now owns 701,260 shares of the credit services provider’s stock worth $25,017,000 after acquiring an additional 296,466 shares during the period. Finally, Park West Asset Management LLC raised its holdings in Blackhawk Network by 19.3% in the 4th quarter. Park West Asset Management LLC now owns 1,789,728 shares of the credit services provider’s stock worth $63,804,000 after acquiring an additional 289,728 shares during the period. Hedge funds and other institutional investors own 96.25% of the company’s stock.
HAWK stock traded down $0.08 during mid-day trading on Friday, hitting $44.67. 1,252,246 shares of the company traded hands, compared to its average volume of 2,528,443. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94. Blackhawk Network has a 1-year low of $32.60 and a 1-year high of $47.00. The firm has a market cap of $2,531.91, a price-to-earnings ratio of -16.16, a PEG ratio of 4.59 and a beta of 0.72.
Blackhawk Network (NASDAQ:HAWK) last released its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. Blackhawk Network had a negative net margin of 6.98% and a negative return on equity of 18.94%. The business had revenue of $423.18 million during the quarter, compared to analyst estimates of $384.70 million. sell-side analysts anticipate that Blackhawk Network will post 0.56 earnings per share for the current fiscal year.
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About Blackhawk Network
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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