Blackhawk Network Holdings Inc. (NASDAQ:HAWK)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a research note issued on Tuesday. They currently have a $43.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 24.64% from the stock’s current price.

Several other equities analysts have also weighed in on HAWK. Bank of America Corp. reiterated a “hold” rating and set a $36.00 price objective on shares of Blackhawk Network Holdings in a report on Wednesday, July 20th. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Credit Agricole SA upgraded shares of Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and upped their price objective 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. Finally, Wedbush reiterated a “neutral” rating and set a $30.00 price objective on shares of Blackhawk Network Holdings in a report on Saturday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.75.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

Blackhawk Network Holdings (NASDAQ:HAWK) opened at 34.50 on Tuesday. The company’s 50-day moving average price is $31.89 and its 200-day moving average price is $33.15. Blackhawk Network Holdings has a 12-month low of $28.88 and a 12-month high of $48.40. The company has a market cap of $1.94 billion, a PE ratio of 85.40 and a beta of 0.67.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced 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 net margin of 1.15% and a return on equity of 13.38%. The firm had revenue of $361.60 million for the quarter. During the same quarter in the prior year, the company posted $0.35 EPS. Blackhawk Network Holdings’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Blackhawk Network Holdings will post $1.57 earnings per share for the current year.

In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were 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 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 at the SEC website. 3.24% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of HAWK. FMR LLC increased its stake in shares of Blackhawk Network Holdings by 0.6% in the second quarter. FMR LLC now owns 8,420,818 shares of the company’s stock worth $282,013,000 after buying an additional 50,700 shares during the last quarter. Standard Life Investments LTD increased its stake in shares of 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 worth $160,874,000 after buying an additional 2,214,977 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Blackhawk Network Holdings by 2.2% in the second quarter. Vanguard Group Inc. now owns 4,331,994 shares of the company’s stock worth $145,078,000 after buying an additional 94,881 shares during the last quarter. P2 Capital Partners LLC increased its stake in shares of Blackhawk Network Holdings by 22.6% in the second quarter. P2 Capital Partners LLC now owns 2,300,000 shares of the company’s stock worth $77,027,000 after buying an additional 424,509 shares during the last quarter. Finally, Bloom Tree Partners LLC increased its stake in shares of Blackhawk Network Holdings by 38.4% in the first quarter. Bloom Tree Partners LLC now owns 1,721,218 shares of the company’s stock worth $59,038,000 after buying an additional 477,889 shares during the last quarter. 91.34% of the stock is 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.

5 Day Chart for NASDAQ:HAWK

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