Analysts Set Robert Half Inc. (NYSE:RHI) Price Target at $34.75

Robert Half Inc. (NYSE:RHI) has received a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $34.75.

A number of brokerages have issued reports on RHI. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Monday, July 27th. Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group raised their target price on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Finally, Truist Financial lifted their price target on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd.

Robert Half Stock Performance

Shares of NYSE RHI opened at $42.49 on Monday. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $46.70. The company has a market cap of $4.35 billion, a PE ratio of 36.95 and a beta of 0.81. The business has a 50-day simple moving average of $39.78 and a two-hundred day simple moving average of $31.29.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. Robert Half’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. On average, sell-side analysts predict that Robert Half will post 1.27 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is presently 205.22%.

Hedge Funds Weigh In On Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its stake in Robert Half by 99.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,461 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 2,223 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Robert Half in the second quarter worth $203,000. California State Teachers Retirement System increased its stake in shares of Robert Half by 2,882.8% in the second quarter. California State Teachers Retirement System now owns 3,574,769 shares of the business services provider’s stock worth $116,442,000 after acquiring an additional 3,454,921 shares during the period. HB Wealth Management LLC raised its holdings in shares of Robert Half by 34.7% during the second quarter. HB Wealth Management LLC now owns 11,236 shares of the business services provider’s stock worth $345,000 after purchasing an additional 2,892 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Robert Half during the second quarter worth $114,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.