Blackhawk Network Holdings, Inc. (HAWK) Lowered to Sell at Zacks Investment Research

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “

Several other equities analysts have also recently issued reports on the company. Mizuho cut Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Wednesday. Argus dropped their price target on Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets dropped their price target on Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Bank of America Corporation dropped their price target on Blackhawk Network Holdings from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Blackhawk Network Holdings in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Blackhawk Network Holdings has a consensus rating of “Hold” and a consensus price target of $47.23.

Shares of Blackhawk Network Holdings (HAWK) traded up 3.79% during mid-day trading on Thursday, hitting $34.20. The stock had a trading volume of 1,641,942 shares. Blackhawk Network Holdings has a 52-week low of $32.60 and a 52-week high of $46.70. The firm’s market cap is $1.94 billion. The firm has a 50 day moving average price of $42.44 and a 200 day moving average price of $42.42.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 4.16% and a negative net margin of 0.14%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities analysts predict that Blackhawk Network Holdings will post $1.65 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Blackhawk Network Holdings, Inc. (HAWK) Lowered to Sell at Zacks Investment Research” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/19/blackhawk-network-holdings-inc-hawk-lowered-to-sell-at-zacks-investment-research.html.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HAWK. First Trust Advisors LP increased its holdings in Blackhawk Network Holdings by 26.4% in the 1st quarter. First Trust Advisors LP now owns 17,671 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 3,692 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Blackhawk Network Holdings by 41.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 30,964 shares of the credit services provider’s stock valued at $1,257,000 after purchasing an additional 9,142 shares in the last quarter. SG Americas Securities LLC increased its holdings in Blackhawk Network Holdings by 235.8% in the 1st quarter. SG Americas Securities LLC now owns 14,738 shares of the credit services provider’s stock valued at $598,000 after purchasing an additional 10,349 shares in the last quarter. American International Group Inc. increased its holdings in Blackhawk Network Holdings by 5.2% in the 1st quarter. American International Group Inc. now owns 33,238 shares of the credit services provider’s stock valued at $1,349,000 after purchasing an additional 1,646 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in Blackhawk Network Holdings in the 1st quarter valued at $294,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Blackhawk Network Holdings 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.

According to Zacks, “Blackhawk Network Holdings, Inc. is a provider of prepaid and financial payments products for consumers and businesses. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc. is headquartered in Pleasanton, California. “

Several other equities analysts have also recently issued reports on the company. Mizuho cut Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Wednesday. Argus dropped their price target on Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets dropped their price target on Blackhawk Network Holdings from $52.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Bank of America Corporation dropped their price target on Blackhawk Network Holdings from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Blackhawk Network Holdings in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Blackhawk Network Holdings has a consensus rating of “Hold” and a consensus price target of $47.23.

Shares of Blackhawk Network Holdings (HAWK) traded up 3.79% during mid-day trading on Thursday, hitting $34.20. The stock had a trading volume of 1,641,942 shares. Blackhawk Network Holdings has a 52-week low of $32.60 and a 52-week high of $46.70. The firm’s market cap is $1.94 billion. The firm has a 50 day moving average price of $42.44 and a 200 day moving average price of $42.42.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 4.16% and a negative net margin of 0.14%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities analysts predict that Blackhawk Network Holdings will post $1.65 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Blackhawk Network Holdings, Inc. (HAWK) Lowered to Sell at Zacks Investment Research” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/19/blackhawk-network-holdings-inc-hawk-lowered-to-sell-at-zacks-investment-research.html.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HAWK. First Trust Advisors LP increased its holdings in Blackhawk Network Holdings by 26.4% in the 1st quarter. First Trust Advisors LP now owns 17,671 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 3,692 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Blackhawk Network Holdings by 41.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 30,964 shares of the credit services provider’s stock valued at $1,257,000 after purchasing an additional 9,142 shares in the last quarter. SG Americas Securities LLC increased its holdings in Blackhawk Network Holdings by 235.8% in the 1st quarter. SG Americas Securities LLC now owns 14,738 shares of the credit services provider’s stock valued at $598,000 after purchasing an additional 10,349 shares in the last quarter. American International Group Inc. increased its holdings in Blackhawk Network Holdings by 5.2% in the 1st quarter. American International Group Inc. now owns 33,238 shares of the credit services provider’s stock valued at $1,349,000 after purchasing an additional 1,646 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in Blackhawk Network Holdings in the 1st quarter valued at $294,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Blackhawk Network Holdings 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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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