Blackhawk Network Holdings (HAWK) Given Consensus Rating of “Hold” by Analysts

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) have been assigned an average rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $44.75.

Several analysts have commented on HAWK shares. BidaskClub downgraded Blackhawk Network from a “sell” rating to a “strong sell” rating in a research note on Friday, December 22nd. Craig Hallum downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research downgraded Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Credit Suisse Group upped their price objective on Blackhawk Network from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Citigroup downgraded Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 price objective for the company. in a research note on Monday, January 22nd.

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HAWK traded down $0.03 on Thursday, hitting $44.77. 680,096 shares of the company traded hands, compared to its average volume of 2,119,651. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.96. The company has a market cap of $2,544.86, a PE ratio of -16.18, a P/E/G ratio of 4.60 and a beta of 0.71. Blackhawk Network has a 12-month low of $32.60 and a 12-month high of $47.00.

Blackhawk Network (NASDAQ:HAWK) last posted its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The firm had revenue of $423.18 million during the quarter, compared to the consensus estimate of $384.70 million. Blackhawk Network had a negative return on equity of 18.94% and a negative net margin of 6.98%. sell-side analysts expect that Blackhawk Network will post 0.56 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Park West Asset Management LLC increased its stake in Blackhawk Network by 19.3% in the 4th quarter. Park West Asset Management LLC now owns 1,789,728 shares of the credit services provider’s stock valued at $63,804,000 after purchasing an additional 289,728 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Blackhawk Network by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,751,904 shares of the credit services provider’s stock valued at $76,733,000 after purchasing an additional 40,322 shares in the last quarter. River Road Asset Management LLC increased its stake in Blackhawk Network by 3.2% in the 4th quarter. River Road Asset Management LLC now owns 1,408,465 shares of the credit services provider’s stock valued at $50,212,000 after purchasing an additional 43,885 shares in the last quarter. Tensile Capital Management LLC increased its stake in Blackhawk Network by 30.3% in the 4th quarter. Tensile Capital Management LLC now owns 1,108,754 shares of the credit services provider’s stock valued at $39,527,000 after purchasing an additional 257,800 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in Blackhawk Network by 19.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,020,650 shares of the credit services provider’s stock valued at $36,386,000 after purchasing an additional 168,910 shares in the last quarter. 95.87% of the stock is owned by institutional investors and hedge funds.

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Blackhawk Network Company Profile

Blackhawk Network Holdings, Inc provides a range of prepaid gift, telecom, and debit cards in physical and electronic forms; and related prepaid products and payment services in the United States and internationally. It operates through three segments: U.S. Retail, International, and Incentives & Rewards.

Analyst Recommendations for Blackhawk Network (NASDAQ:HAWK)

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