Teachers Advisors LLC Boosts Stake in Blackhawk Network Holdings, Inc. (HAWK)

13 October, 2017, 16:17 | Author: Regina Silva

The stock had previously closed at $44.20. The Company is also a third-party distributor of gift cards. Also, the Hold rating count is 3 as of 10/12/17. UBS AG downgraded shares of Blackhawk Network Holdings from an "outperform" rating to a "market perform" rating in a report on Thursday.

Analysts are weighing in on retail stock J.Jill Inc (NYSE:JILL), network equipment specialist Juniper Networks, Inc.

Blackhawk Network Holdings, Inc is now down by 20.36% since yesterday's close of 44.2 and is one of the laggers in today's market. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

In terms of earnings per share, 11 analysts have a 1.41 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 8 analysts have a 0.09 EPS mean target and for the quarter ending Mar-18 there are 13 estimates of 1.68 EPS. They set a "buy" rating and a $50.00 price target for the company.

The company's third-quarter loss came in at $7.6 million, or 14 cents per share, compared to a loss of $5.1 million, or nine cents per share a year ago. Following the completion of the transaction, the chief financial officer now directly owns 63,280 shares in the company, valued at $2,857,092. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The number of shares now owned by investors are 57.7 mln. The disclosure for this sale can be found here. Insiders sold a total of 96,212 shares of company stock worth $4,298,465 over the last three months.

A number of hedge funds and other institutional investors have recently modified their holdings of the business.

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Blackhawk Network Holdings, Inc., launched on January 27, 2006, is a prepaid payment network. Point72 Asset Management, L.p. reduced its position by selling 504,200 shares a decrease of 34.7%. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. The total value of its holdings increased 0.9%. Argent Capital Management LLC bought a new position in shares of Blackhawk Network Holdings in the 2nd quarter valued at approximately $1,603,000. It has been assigned a low target price of $42 and a high target price of $58.

Blackhawk expects revenue to be between $940 million and $981 million, which is below Wall Street's consensus estimate of $1.11 billion, according to FactSet's outlook.

HAWK stock fell 7% after hours Wednesday.

The company said revenue for the quarter rose 23.3% to $208.3 million. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.16%. The firm's quarterly revenue was up 16.0% compared to the same quarter a year ago. The current consensus recommendation provided by covering analysts is 1.90.

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Raymond James has downgraded Blackhawk Network (LON:HAWK) from Outperform to Mkt Perform in a statement released on Thursday October 12, 2017. The Company's segments are US Retail, International Retail and Incentives & Rewards. The U.S. Retail segment is involved 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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