Blackhawk Network Holdings Inc (NASDAQ:HAWK) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 2,852,853 shares, a drop of 26.6% from the February 15th total of 3,884,836 shares. Approximately 5.2% of the company’s shares are short sold. Based on an average trading volume of 1,599,316 shares, the short-interest ratio is currently 1.8 days.
HAWK has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Blackhawk Network from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. First Analysis lowered shares of Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. SunTrust Banks lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Craig Hallum lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Fourteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.02.
Shares of HAWK traded down $0.10 during trading hours on Friday, reaching $44.60. 682,778 shares of the company traded hands, compared to its average volume of 1,089,087. The firm has a market capitalization of $2,529.08, a price-to-earnings ratio of -16.10, a PEG ratio of 4.59 and a beta of 0.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.96. Blackhawk Network has a 12 month low of $32.60 and a 12 month high of $47.00.
Blackhawk Network (NASDAQ:HAWK) last announced its earnings results on Tuesday, February 27th. The credit services provider reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $423.18 million for the quarter, compared to analyst estimates of $384.70 million. Blackhawk Network had a negative net margin of 6.98% and a negative return on equity of 18.94%. research analysts forecast that Blackhawk Network will post 0.56 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. First Quadrant L P CA bought a new stake in Blackhawk Network during the fourth quarter worth about $120,000. We Are One Seven LLC bought a new stake in Blackhawk Network during the fourth quarter worth about $155,000. BB&T Securities LLC bought a new stake in Blackhawk Network during the third quarter worth about $204,000. Aperio Group LLC bought a new stake in Blackhawk Network during the third quarter worth about $205,000. Finally, SG Americas Securities LLC boosted its stake in Blackhawk Network by 170.6% during the third quarter. SG Americas Securities LLC now owns 6,743 shares of the credit services provider’s stock worth $295,000 after acquiring an additional 4,251 shares in the last quarter. 96.25% of the stock is currently owned by institutional investors and hedge funds.
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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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