Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 4,281,069 shares, a growth of 36.2% from the October 13th total of 3,142,786 shares. Currently, 7.7% of the company’s shares are sold short. Based on an average trading volume of 1,130,857 shares, the short-interest ratio is presently 3.8 days.
Shares of Blackhawk Network Holdings (HAWK) opened at $36.75 on Thursday. The company has a market cap of $2,096.40, a price-to-earnings ratio of 64.74, a P/E/G ratio of 5.93 and a beta of 0.45. Blackhawk Network Holdings has a 52-week low of $32.60 and a 52-week high of $46.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86.
Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. The business had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. equities analysts predict that Blackhawk Network Holdings will post 0.41 earnings per share for the current fiscal year.
A number of analysts have commented on HAWK shares. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a $52.00 target price (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Tuesday, September 12th. SunTrust Banks, Inc. set a $43.00 target price on shares of Blackhawk Network Holdings and gave the stock a “buy” rating in a report on Thursday, October 12th. Bank of America Corporation lowered their target price on shares of Blackhawk Network Holdings from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $51.00 price target on shares of Blackhawk Network Holdings in a research report on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Blackhawk Network Holdings currently has a consensus rating of “Buy” and an average target price of $47.62.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its position in Blackhawk Network Holdings by 38.9% in the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock valued at $109,000 after acquiring an additional 700 shares in the last quarter. Horrell Capital Management Inc. bought a new stake in Blackhawk Network Holdings in the 2nd quarter valued at $121,000. BB&T Securities LLC acquired a new stake in Blackhawk Network Holdings in the 3rd quarter valued at $204,000. Aperio Group LLC acquired a new stake in Blackhawk Network Holdings in the 3rd quarter valued at $205,000. Finally, Prudential Financial Inc. acquired a new stake in Blackhawk Network Holdings in the 2nd quarter valued at $207,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.
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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.
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