Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) have received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.00.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 18th. Jefferies Group restated a “buy” rating and set a $43.00 price objective on shares of Blackhawk Network Holdings in a report on Tuesday, October 18th. Wedbush restated a “neutral” rating and set a $30.00 price objective on shares of Blackhawk Network Holdings in a report on Saturday, October 15th. TheStreet upgraded shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Finally, Bank of America Corp. downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and cut their price objective for the company from $41.00 to $34.00 in a report on Friday, October 7th.

In other Blackhawk Network Holdings news, SVP David C. Tate sold 28,314 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $36.42, for a total value of $1,031,195.88. Following the sale, the senior vice president now owns 22,372 shares in the company, valued at approximately $814,788.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.24% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in HAWK. Bank of Montreal Can bought a new stake in Blackhawk Network Holdings during the second quarter valued at approximately $279,000. TIAA CREF Trust Co. FSB MO raised its stake in Blackhawk Network Holdings by 13.6% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 22,801 shares of the company’s stock valued at $763,000 after buying an additional 2,724 shares in the last quarter. AMI Asset Management Corp raised its stake in Blackhawk Network Holdings by 20.8% in the second quarter. AMI Asset Management Corp now owns 500,679 shares of the company’s stock valued at $16,768,000 after buying an additional 86,366 shares in the last quarter. Reinhart Partners Inc. bought a new stake in Blackhawk Network Holdings during the second quarter valued at approximately $1,003,000. Finally, LaSalle Street Capital Management LLC raised its stake 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 in the last quarter. Institutional investors and hedge funds own 95.42% of the company’s stock.

Blackhawk Network Holdings (NASDAQ:HAWK) traded down 0.14% during midday trading on Tuesday, reaching $36.35. 160,028 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $34.24 and its 200 day moving average is $33.40. Blackhawk Network Holdings has a 52 week low of $28.88 and a 52 week high of $48.40. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 95.41 and a beta of 0.56.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Tuesday, October 11th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.07. The firm earned $361.60 million during the quarter. Blackhawk Network Holdings had a return on equity of 13.30% and a net margin of 1.15%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. On average, equities analysts anticipate that Blackhawk Network Holdings will post $1.56 earnings per share for the current year.

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.

5 Day Chart for NASDAQ:HAWK

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