Blackhawk Network Holdings Inc. (NASDAQ:HAWK) – Equities researchers at Jefferies Group issued their Q1 2017 earnings estimates for shares of Blackhawk Network Holdings in a report issued on Monday. Jefferies Group analyst R. El-Assal forecasts that the firm will earn $0.34 per share for the quarter. Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Blackhawk Network Holdings’ Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.27 EPS and Q4 2017 earnings at $1.56 EPS.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings results on Tuesday, October 11th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $361.60 million for the quarter. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS.

A number of other brokerages also recently issued reports on HAWK. Zacks Investment Research downgraded Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Bank of America Corp. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Friday, July 22nd. Finally, Credit Agricole SA upgraded Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and boosted their price target for the company 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 issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.75.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 7.2361% on Wednesday, hitting $34.2405. The stock had a trading volume of 2,319,342 shares. The company has a market cap of $1.93 billion, a P/E ratio of 84.7537 and a beta of 0.67. Blackhawk Network Holdings has a 1-year low of $28.88 and a 1-year high of $48.40. The stock has a 50 day moving average price of $31.78 and a 200 day moving average price of $33.15.

Several hedge funds have recently bought and sold shares of HAWK. Renaissance Technologies LLC increased its stake in Blackhawk Network Holdings by 128.7% in the first quarter. Renaissance Technologies LLC now owns 760,063 shares of the company’s stock valued at $26,070,000 after buying an additional 427,700 shares during the last quarter. Standard Life Investments LTD increased its stake in Blackhawk Network Holdings by 85.7% in the second quarter. Standard Life Investments LTD now owns 4,800,778 shares of the company’s stock valued at $160,874,000 after buying an additional 2,214,977 shares during the last quarter. William Harris Investors Inc. increased its stake in Blackhawk Network Holdings by 15.8% in the second quarter. William Harris Investors Inc. now owns 446,482 shares of the company’s stock valued at $14,953,000 after buying an additional 60,800 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Blackhawk Network Holdings during the first quarter valued at $748,000. Finally, Provident Investment Management Inc. increased its stake in Blackhawk Network Holdings by 2.6% in the second quarter. Provident Investment Management Inc. now owns 303,110 shares of the company’s stock valued at $10,151,000 after buying an additional 7,670 shares during the last quarter. Institutional investors own 91.35% of the company’s stock.

In related news, Director Arun Sarin sold 25,000 shares of the company’s 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 sale, the director now owns 40,529 shares in the company, valued at approximately $1,455,801.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.24% of the stock is owned by corporate insiders.

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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