Robert Half (NYSE:RHI) Sets New 1-Year Low – Time to Sell?

Robert Half Inc. (NYSE:RHI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $25.22 and last traded at $25.1410, with a volume of 1603954 shares trading hands. The stock had previously closed at $27.14.

Analyst Ratings Changes

RHI has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $35.00 price target on shares of Robert Half in a research report on Monday, February 2nd. BNP Paribas Exane cut shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. Barclays cut their price target on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, Truist Financial raised their price objective on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $33.50.

Robert Half Trading Down 6.4%

The firm’s 50 day moving average price is $28.37 and its two-hundred day moving average price is $31.02. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.11 and a beta of 0.88.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.Robert Half’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. As a group, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Hedge Funds Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc lifted its position in Robert Half by 0.8% during the third quarter. Pinnacle Financial Partners Inc now owns 46,008 shares of the business services provider’s stock worth $1,563,000 after acquiring an additional 355 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Robert Half by 3.5% during the third quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after purchasing an additional 407 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Robert Half by 9.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 4,952 shares of the business services provider’s stock worth $203,000 after purchasing an additional 424 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Robert Half by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider’s stock valued at $1,672,000 after purchasing an additional 427 shares during the period. Finally, Arizona State Retirement System grew its holdings in Robert Half by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 462 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.