Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $45.80.

HAWK has been the subject of several analyst reports. Zacks Investment Research cut shares of Blackhawk Network Holdings from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. Bank of America Corp. raised shares of 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.

In other Blackhawk Network Holdings news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $35.92, for a total transaction of $898,000.00. Following the sale, the director now directly owns 40,529 shares of the company’s stock, valued at approximately $1,455,801.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.24% of the company’s stock.

Several large investors have recently bought and sold shares of HAWK. Royal Bank of Canada raised its stake in Blackhawk Network Holdings by 1,986.0% in the second quarter. Royal Bank of Canada now owns 470,984 shares of the company’s stock worth $15,773,000 after buying an additional 448,406 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in Blackhawk Network Holdings during the second quarter worth approximately $247,000. Lebenthal Holdings LLC raised its stake in Blackhawk Network Holdings by 25.2% in the second quarter. Lebenthal Holdings LLC now owns 50,049 shares of the company’s stock worth $1,676,000 after buying an additional 10,084 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Blackhawk Network Holdings by 8.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,360 shares of the company’s stock worth $6,677,000 after buying an additional 16,277 shares in the last quarter. Finally, Mirador Capital Partners LP raised its stake in Blackhawk Network Holdings by 4.1% in the second quarter. Mirador Capital Partners LP now owns 30,172 shares of the company’s stock worth $1,024,000 after buying an additional 1,179 shares in the last quarter. 91.35% of the stock is currently owned by institutional investors.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 30.33 on Tuesday. The firm has a 50-day moving average of $33.60 and a 200 day moving average of $33.58. Blackhawk Network Holdings has a 12-month low of $29.91 and a 12-month high of $48.40. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 75.07 and a beta of 0.64.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results on Tuesday, July 19th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. Blackhawk Network Holdings had a net margin of 1.24% and a return on equity of 15.40%. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, equities research analysts expect that Blackhawk Network Holdings will post $1.57 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

Receive News & Ratings for Blackhawk Network Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.