Argus Lowers Blackhawk Network Holdings, Inc. (HAWK) Price Target to $45.00

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) had its target price lowered by research analysts at Argus from $50.00 to $45.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Argus’ target price would indicate a potential upside of 31.24% from the company’s previous close.

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a research report on Monday, July 24th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Blackhawk Network Holdings in a research report on Thursday, October 12th. Finally, BMO Capital Markets cut their price target on shares of Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $47.38.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 34.30 on Tuesday. Blackhawk Network Holdings has a 12-month low of $32.75 and a 12-month high of $46.70. The firm’s market cap is $1.95 billion. The company’s 50 day moving average price is $43.57 and its 200 day moving average price is $42.65.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.16%. The business had revenue of $419.30 million during the quarter, compared to analyst estimates of $439.32 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Blackhawk Network Holdings will post $1.66 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Argus Lowers Blackhawk Network Holdings, Inc. (HAWK) Price Target to $45.00” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/17/argus-lowers-blackhawk-network-holdings-inc-hawk-price-target-to-45-00.html.

In related news, SVP David C. Tate sold 18,669 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the completion of the transaction, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at $2,857,092. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,212 shares of company stock valued at $4,298,465. 3.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Blackhawk Network Holdings by 4.8% in the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock worth $308,000 after buying an additional 326 shares in the last quarter. Legal & General Group Plc raised its stake in Blackhawk Network Holdings by 1.9% in the second quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock worth $844,000 after buying an additional 351 shares in the last quarter. Strs Ohio raised its stake in Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after buying an additional 700 shares in the last quarter. Turner Investments LLC raised its stake in Blackhawk Network Holdings by 20.0% in the second quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock worth $262,000 after buying an additional 1,000 shares in the last quarter. Finally, Geneva Advi

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a research report on Monday, July 24th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Blackhawk Network Holdings in a research report on Thursday, October 12th. Finally, BMO Capital Markets cut their price target on shares of Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $47.38.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 34.30 on Tuesday. Blackhawk Network Holdings has a 12-month low of $32.75 and a 12-month high of $46.70. The firm’s market cap is $1.95 billion. The company’s 50 day moving average price is $43.57 and its 200 day moving average price is $42.65.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.16%. The business had revenue of $419.30 million during the quarter, compared to analyst estimates of $439.32 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Blackhawk Network Holdings will post $1.66 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Argus Lowers Blackhawk Network Holdings, Inc. (HAWK) Price Target to $45.00” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/17/argus-lowers-blackhawk-network-holdings-inc-hawk-price-target-to-45-00.html.

In related news, SVP David C. Tate sold 18,669 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the completion of the transaction, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at $2,857,092. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,212 shares of company stock valued at $4,298,465. 3.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Blackhawk Network Holdings by 4.8% in the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock worth $308,000 after buying an additional 326 shares in the last quarter. Legal & General Group Plc raised its stake in Blackhawk Network Holdings by 1.9% in the second quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock worth $844,000 after buying an additional 351 shares in the last quarter. Strs Ohio raised its stake in Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after buying an additional 700 shares in the last quarter. Turner Investments LLC raised its stake in Blackhawk Network Holdings by 20.0% in the second quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock worth $262,000 after buying an additional 1,000 shares in the last quarter. Finally, Geneva Advisors LLC raised its stake in Blackhawk Network Holdings by 2.5% in the second quarter. Geneva Advisors LLC now owns 44,795 shares of the credit services provider’s stock worth $1,953,000 after buying an additional 1,078 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

About Blackhawk Network Holdings

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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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