Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $45.80.

Several research analysts have recently issued reports on HAWK shares. Bank of America Corp. restated a “hold” rating and issued a $36.00 target price on shares of Blackhawk Network Holdings in a report on Wednesday, July 20th. Zacks Investment Research cut shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th.

In other news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction 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 owns 40,529 shares in the company, valued at approximately $1,455,801.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.24% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in HAWK. State Street Corp boosted its stake in shares of Blackhawk Network Holdings by 1.1% in the first quarter. State Street Corp now owns 924,375 shares of the company’s stock worth $31,706,000 after buying an additional 9,860 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Blackhawk Network Holdings during the first quarter worth approximately $1,656,000. Picton Mahoney Asset Management acquired a new stake in shares of Blackhawk Network Holdings during the first quarter worth approximately $1,715,000. William Harris Investors Inc. boosted its stake in shares of Blackhawk Network Holdings by 6.3% in the first quarter. William Harris Investors Inc. now owns 385,682 shares of the company’s stock worth $13,229,000 after buying an additional 23,023 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Blackhawk Network Holdings by 6.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,520,565 shares of the company’s stock worth $52,155,000 after buying an additional 98,590 shares during the period. Hedge funds and other institutional investors own 91.35% of the company’s stock.

Blackhawk Network Holdings (NASDAQ:HAWK) opened at 30.33 on Tuesday. Blackhawk Network Holdings has a 12-month low of $29.91 and a 12-month high of $48.40. The firm’s 50-day moving average is $33.60 and its 200 day moving average is $33.58. The firm has a market cap of $1.71 billion, a P/E ratio of 75.07 and a beta of 0.64.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.37 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $0.38 EPS. Equities analysts forecast 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

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