Blackhawk Network Holdings Inc. (NASDAQ:HAWK) updated its FY16 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.52-2.71 for the period, compared to the Thomson Reuters consensus estimate of $2.57. The company issued revenue guidance of $1.95-2.014 billion, compared to the consensus revenue estimate of $1.99 billion.

HAWK has been the subject of a number of research reports. Jefferies Group restated a buy rating and issued a $43.00 target price on shares of Blackhawk Network Holdings in a research note on Monday. Bank of America Corp. upgraded Blackhawk Network Holdings from a neutral rating to a buy rating and set a $41.00 target price for the company in a research note on Friday, July 22nd. Zacks Investment Research upgraded Blackhawk Network Holdings from a hold rating to a buy rating and set a $34.00 target price for the company in a research note on Tuesday, September 20th. Finally, Credit Agricole SA upgraded Blackhawk Network Holdings from an underperform rating to an outperform rating and lifted their target price 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $42.75.

Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) traded down 0.84% during trading on Tuesday, reaching $31.93. The company’s stock had a trading volume of 1,652,605 shares. The company’s 50-day moving average is $31.80 and its 200-day moving average is $33.16. The company has a market capitalization of $1.80 billion, a P/E ratio of 79.03 and a beta of 0.67. Blackhawk Network Holdings Inc. has a 12 month low of $28.88 and a 12 month high of $48.40.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Tuesday, October 11th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. The business had revenue of $361.60 million for the quarter, compared to the consensus estimate of $189.25 million. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Blackhawk Network Holdings Inc. will post $1.57 EPS for the current fiscal 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 transaction of $898,000.00. Following the sale, the director now directly owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.24% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in Blackhawk Network Holdings by 1.1% in the second quarter. ProShare Advisors LLC now owns 6,720 shares of the company’s stock worth $225,000 after buying an additional 73 shares during the period. Prudential Financial Inc. boosted its position in shares of Blackhawk Network Holdings by 5.9% in the second quarter. Prudential Financial Inc. now owns 17,478 shares of the company’s stock worth $585,000 after buying an additional 977 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Blackhawk Network Holdings by 1.1% in the second quarter. TIAA CREF Investment Management LLC now owns 172,106 shares of the company’s stock worth $5,764,000 after buying an additional 1,793 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Blackhawk Network Holdings by 4.7% in the second quarter. Rhumbline Advisers now owns 57,266 shares of the company’s stock worth $1,918,000 after buying an additional 2,549 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Blackhawk Network Holdings by 94.7% in the second quarter. US Bancorp DE now owns 5,800 shares of the company’s stock worth $194,000 after buying an additional 2,821 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors and hedge funds.

About Blackhawk Network Holdings

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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