(NASDAQ:HAWK) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The stock is performing -6.7% year to date. Blackhawk Network has recorded a 50-day average of 0.43GBX and a two hundred day average of 0.70GBX. For the quarter ending Mar-18, 7 analysts have a mean sales target of 240.71 million whilst for the year ending Dec-17, 9 analysts have a mean target of 1,110.75 million. Finally, Dimensional Fund Advisors LP boosted its stake in Blackhawk Network Holdings by 2.6% during the 2nd quarter. Nomura Holdings Inc. raised its stake in shares of Blackhawk Network Holdings by 2.7% in the 2nd quarter.
HAWK stock fell 7% after hours Wednesday. Against this backdrop, HAWK is down almost 13% ahead of the bell, with a downgrade to "market perform" from "outperform" at Raymond James and price-target cuts from SunTrust Robinson (to $43) and Craig-Hallum (to $50) pouring salt on the proverbial wound. The stock was sold at an average price of $42.88, for a total value of $800,526.72. Share performance for the month is now at -2.86%. The disclosure for this sale can be found here. Insiders sold 96,212 shares of company stock valued at $4,298,465 in the last three months. Blackhawk Network Holdings has a 1-year low of $31.30 and a 1-year high of $46.70. Current price places the company's stock -14.1% away from its 200-day simple moving average, -19.45%, away from the 50-day average and also -19.87% away from 20-day average.
Blackhawk Network Holdings (NASDAQ:HAWK) opened at 44.20 on Thursday. The firm had revenue of $419.30 million for the quarter, compared to analysts' expectations of $439.32 million.
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With a total market value of 0 GBX, Blackhawk Network has with a one year low of 0.45GBX and a one year high of 1.70GBX. Over the past month the firm's stock is 215.38%, 200.95% for the last quarter, 182.76% for the past six-months and 112.99% for the a year ago.
Current levels places Blackhawk Network Holdings, Inc.
A number of research firms have recently weighed in on HAWK.
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On October 12 Bank of America made no change to the company rating of "Neutral" and moved down the price target to $46.00 from $49.00. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider's stock valued at $197,236,000 after purchasing an additional 105,653 shares in the last quarter. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. UBS AG downgraded shares of Blackhawk Network Holdings from an "outperform" rating to a "market perform" rating in a report on Thursday. Finally, Zacks Investment Research raised Blackhawk Network Holdings from a "sell" rating to a "hold" rating in a research note on Tuesday, July 4th. The consensus rating is 1.9, indicating analysts in general look favorably on the company's future prospects. In reaction, SunTrust Robinson cut its rating on the retailer to "hold" from "buy", while Deutsche Bank and Jefferies cut their respective price targets to $11 and $13.
TRADEMARK VIOLATION NOTICE: This article was first published by Week Herald and is owned by of Week Herald. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The US Retail segment consists of the various operating segments of the United States retail products, third-party online distribution channel and secondary card market and is engaged in sales of prepaid products to consumers through these channels.
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