Robert Half (NYSE:RHI) Price Target Lowered to $25.00 at Barclays

Robert Half (NYSE:RHI) had its target price cut by Barclays from $36.00 to $25.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other research firms also recently issued reports on RHI. The Goldman Sachs Group raised their price target on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. Robert W. Baird set a $50.00 price objective on shares of Robert Half in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. BNP Paribas Exane downgraded Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Friday, December 5th. Finally, Truist Financial increased their price target on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Robert Half has an average rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Down 0.2%

Shares of RHI traded down $0.06 during mid-day trading on Friday, hitting $24.85. The stock had a trading volume of 3,114,746 shares, compared to its average volume of 3,530,117. Robert Half has a fifty-two week low of $22.32 and a fifty-two week high of $56.28. The company has a market cap of $2.51 billion, a PE ratio of 18.68 and a beta of 0.90. The company’s fifty day simple moving average is $27.44 and its two-hundred day simple moving average is $29.74.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The business’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Equities analysts expect that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th will be paid a $0.59 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 9.5%. Robert Half’s dividend payout ratio (DPR) is presently 177.44%.

Hedge Funds Weigh In On Robert Half

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC raised its stake in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares in the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half during the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half during the second quarter worth approximately $34,000. Fifth Third Bancorp lifted its position in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the period. Finally, Danske Bank A S acquired a new stake in Robert Half in the third quarter worth approximately $37,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Company Profile

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.