Jefferies Group reissued their buy rating on shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) in a research note released on Monday morning. They currently have a $43.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Bank of America Corp. raised Blackhawk Network Holdings from a neutral rating to a buy rating and set a $41.00 price objective for the company in a report on Friday, July 22nd. Zacks Investment Research raised Blackhawk Network Holdings from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Tuesday, September 20th. Finally, Credit Agricole SA raised Blackhawk Network Holdings from an underperform rating to an outperform rating and lifted their price objective for the stock from $34.00 to $36.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $42.75.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.53% on Monday, reaching $32.03. 204,253 shares of the company’s stock were exchanged. Blackhawk Network Holdings has a 52-week low of $28.88 and a 52-week high of $48.40. The stock has a market cap of $1.80 billion, a P/E ratio of 79.28 and a beta of 0.67. The company’s 50 day moving average price is $31.80 and its 200-day moving average price is $33.16.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Tuesday, July 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. During the same quarter last year, the firm posted $0.38 earnings per share. Equities analysts forecast that Blackhawk Network Holdings will post $1.57 EPS for the current fiscal year.

In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of Blackhawk Network Holdings stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $35.92, for a total value of $898,000.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which is available through the SEC website. 3.24% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its position in Blackhawk Network Holdings by 1.1% in the second quarter. ProShare Advisors LLC now owns 6,720 shares of the company’s stock valued at $225,000 after buying an additional 73 shares during the period. LaSalle Street Capital Management LLC boosted its position in Blackhawk Network Holdings by 1.8% in the second quarter. LaSalle Street Capital Management LLC now owns 9,890 shares of the company’s stock valued at $331,000 after buying an additional 171 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in Blackhawk Network Holdings by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 39,947 shares of the company’s stock valued at $1,338,000 after buying an additional 472 shares during the period. HBK Investments L P boosted its position in Blackhawk Network Holdings by 10.3% in the first quarter. HBK Investments L P now owns 6,400 shares of the company’s stock valued at $220,000 after buying an additional 600 shares during the period. Finally, Genesee Valley Trust Co. boosted its position in Blackhawk Network Holdings by 3.6% in the second quarter. Genesee Valley Trust Co. now owns 21,913 shares of the company’s stock valued at $734,000 after buying an additional 765 shares during the period. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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