Blackhawk Network (HAWK) Lifted to “Sell” at BidaskClub
BidaskClub upgraded shares of Blackhawk Network (NASDAQ:HAWK) from a strong sell rating to a sell rating in a report issued on Saturday morning.
A number of other analysts also recently weighed in on HAWK. BMO Capital Markets reduced their price target on shares of Blackhawk Network from $52.00 to $51.00 and set an outperform rating for the company in a report on Friday, October 13th. SunTrust Banks set a $43.00 price target on shares of Blackhawk Network and gave the company a buy rating in a report on Thursday, October 12th. Argus reduced their price target on shares of Blackhawk Network from $50.00 to $45.00 and set a buy rating for the company in a report on Tuesday, October 17th. Mizuho downgraded shares of Blackhawk Network from a buy rating to a neutral rating and set a $50.00 price target for the company. in a report on Wednesday, October 18th. Finally, Craig Hallum reaffirmed a buy rating and set a $58.00 price objective on shares of Blackhawk Network in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Blackhawk Network presently has an average rating of Buy and an average target price of $46.69.
Shares of Blackhawk Network (NASDAQ HAWK) opened at $34.25 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Blackhawk Network has a 1-year low of $32.60 and a 1-year high of $46.70. The firm has a market cap of $1,950.00, a price-to-earnings ratio of -380.56, a price-to-earnings-growth ratio of 5.60 and a beta of 0.48.
Blackhawk Network (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Blackhawk Network had a negative net margin of 0.14% and a positive return on equity of 4.12%. The firm had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue was up 16.0% on a year-over-year basis. equities research analysts predict that Blackhawk Network will post 0.41 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Atlantic Trust Group LLC bought a new position in Blackhawk Network during the 3rd quarter valued at about $1,608,000. Parametric Portfolio Associates LLC lifted its holdings in Blackhawk Network by 21.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 360,431 shares of the credit services provider’s stock valued at $15,787,000 after purchasing an additional 62,822 shares during the last quarter. AXA lifted its holdings in Blackhawk Network by 52.5% during the 3rd quarter. AXA now owns 151,300 shares of the credit services provider’s stock valued at $6,627,000 after purchasing an additional 52,100 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Blackhawk Network by 48.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 36,373 shares of the credit services provider’s stock valued at $1,593,000 after purchasing an additional 11,826 shares during the last quarter. Finally, Argent Capital Management LLC lifted its holdings in Blackhawk Network by 60.3% during the 3rd quarter. Argent Capital Management LLC now owns 58,950 shares of the credit services provider’s stock valued at $2,582,000 after purchasing an additional 22,175 shares during the last quarter. 96.68% of the stock is owned by hedge funds and other institutional investors.
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Blackhawk Network Company Profile
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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