Trading Report: The Blackhawk Network Holdings Inc. (HAWK) Receives Buy Rating from Jefferies Group

The Blackhawk Network Holdings Inc. (HAWK) Receives Buy Rating from Jefferies Group

Jefferies Group restated their buy rating on shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) in a research note issued to investors on Monday morning. The firm currently has a $43.00 price target on the stock.

Several other equities analysts have also recently weighed in on HAWK. Zacks Investment Research cut Blackhawk Network Holdings from a strong-buy rating to a hold rating in a research note on Friday, July 29th. Bank of America Corp. restated a hold rating and set a $36.00 price objective on shares of Blackhawk Network Holdings in a research note on Wednesday, July 20th. Finally, Credit Agricole SA upgraded Blackhawk Network Holdings from an underperform rating to an outperform rating and raised their price objective for the company from $34.00 to $36.00 in a research note on Wednesday, September 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $42.75.

Blackhawk Network Holdings (NASDAQ:HAWK) opened at 33.68 on Monday. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $48.40. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 83.37 and a beta of 0.67. The stock’s 50 day moving average is $31.84 and its 200 day moving average is $33.16.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data on Tuesday, October 11th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Blackhawk Network Holdings had a return on equity of 13.38% and a net margin of 1.15%. The business had revenue of $361.60 million for the quarter. During the same quarter last year, the business posted $0.35 earnings per share. Blackhawk Network Holdings’s revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Blackhawk Network Holdings will post $1.57 EPS for the current year.

In related news, Director Arun Sarin sold 25,000 shares of Blackhawk Network Holdings stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the sale, the director now owns 40,529 shares of the company’s stock, valued at approximately $1,455,801.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.24% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. AXA raised its stake in shares of Blackhawk Network Holdings by 357.2% in the first quarter. AXA now owns 130,300 shares of the company’s stock valued at $4,469,000 after buying an additional 101,800 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $399,000. Lazard Asset Management LLC raised its stake in shares of Blackhawk Network Holdings by 10.5% in the first quarter. Lazard Asset Management LLC now owns 550,850 shares of the company’s stock valued at $18,894,000 after buying an additional 52,400 shares during the period. State Street Corp raised its stake in shares of Blackhawk Network Holdings by 1.1% in the first quarter. State Street Corp now owns 924,375 shares of the company’s stock valued at $31,706,000 after buying an additional 9,860 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $1,656,000. 91.35% of the stock is owned by institutional investors.

Blackhawk Network Holdings Company Profile

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