Blackhawk Network Holdings' (HAWK) Buy Rating Reiterated at Jefferies Group LLC

Paterniano Del Favero
Agosto 5, 2017

Zacks Investment Research upgraded Blackhawk Network Holdings from a sell rating to a hold rating in a report on Wednesday, April 19th. Zacks Investment Research raised shares of Blackhawk Network Holdings from a "hold" rating to a "strong-buy" rating and set a $51.00 price target for the company in a research note on Tuesday, July 25th.

Blackhawk Network Holdings, Inc is a prepaid payment network. The company distributes gift cards, prepaid handsets and prepaid financial services products. Blackhawk Network Holdings, Inc.is headquartered in Pleasanton, California.

Several other institutional investors have also made changes to their positions in HAWK. Citigroup Inc. reiterated a buy rating and issued a $47.00 target price on shares of Blackhawk Network Holdings in a report on Monday, July 17th.

Jefferies Group LLC reissued their buy rating on shares of Blackhawk Network Holdings, Inc. Deutsche Bank AG increased their target price on Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, April 28th. Mizuho started coverage on shares of Blackhawk Network Holdings in a research note on Tuesday, June 27th. Bank of America downgraded the stock to "Neutral" rating in Friday, October 7 report.

Among 20 analysts covering Exelon Corporation (NYSE:EXC), 13 have Buy rating, 1 Sell and 6 Hold. (HAWK) Catches Eye: Stock Gains 6.1%" on July 21, 2017, also Nasdaq.com published article titled: "Earnings Reaction History: Blackhawk Network Holdings, Inc., 62.5% Follow ...", Nasdaq.com published: "Blackhawk Network Holdings, Inc. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 34.41% since August 4, 2016 and is uptrending. The stock had a trading volume of 893,836 shares. The company has a 50 day moving average of $43.30 and a 200 day moving average of $40.24. Blackhawk Network Holdings has a 1-year low of $28.88 and a 1-year high of $46.70. The firm's market cap is $2.41 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.07. The firm had revenue of $463.10 million for the quarter, compared to analysts' expectations of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. Blackhawk Network Holdings's revenue for the quarter was up 18.4% on a year-over-year basis. They expect $0.54 EPS, down 16.92% or $0.11 from last year's $0.65 per share. Bank of America Corp DE owned approximately 0.85% of Blackhawk Network Holdings worth $19,471,000 at the end of the most recent quarter.

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In other news, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $45.15, for a total value of $3,386,250.00. (NASDAQ:HAWK) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

In other news, SVP David C. Tate sold 18,669 shares of the firm's stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $41.90, for a total value of $1,257,000.00. The hedge fund held 245,583 shares of the finance company at the end of 2016Q4, valued at $9.25 million, down from 417,166 at the end of the previous reported quarter. The disclosure for this sale can be found here. The stock declined 0.15% or $0.01 reaching $10.09 per share.

Several large investors have recently modified their holdings of the company. Finally, First Manhattan Co. boosted its stake in shares of Blackhawk Network Holdings by 1.8% in the first quarter. Guggenheim Capital LLC purchased a new position in Blackhawk Network Holdings during the fourth quarter valued at $313,000. Wells Fargo & Company MN now owns 550,291 shares of the credit services provider's stock valued at $22,342,000 after buying an additional 1,721 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Blackhawk Network Holdings by 20.9% in the fourth quarter. Atria Investments LLC now owns 10,428 shares of the credit services provider's stock worth $423,000 after buying an additional 308 shares in the last quarter. Legal & General Group Plc boosted its position in shares of 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 during the last quarter.

Aristotle Capital Management Llc increased Oshkosh Corp (NYSE:OSK) stake by 66,762 shares to 4.08 million valued at $263.64 million in 2016Q4. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider's stock worth $148,000 after buying an additional 512 shares during the last quarter. Institutional investors own 99.89% of the company's stock.

Blackhawk Network Holdings, Inc is a prepaid payment network. The Firm operates through three divisions: U.S. It now has negative earnings. 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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