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Blackhawk Network Holdings, Inc. (HAWK) Cut to Market Perform at UBS AG

13 October 2017

The biggest institutional shareholders in Blackhawk Network Holdings, Inc. include Vanguard Group Inc which owns 5 million shares in the company valued at $197.24 million. (HAWK) closed its previous trading session at $35.15 with the loss of -20.48%.

Among 2 analysts covering Blackhawk Network Holdings HAWK (NYSE:HAWK), 2 have Buy rating, 0 Sell and 0 Hold. UBS AG cut Blackhawk Network Holdings from an "outperform" rating to a "market perform" rating in a research note on Thursday. Blackhawk Network Holdings HAWK had 2 analyst reports since March 24, 2017 according to SRatingsIntel. 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. The company also has 2.73 billion in total assets, balanced by 1.92 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts. The company now has a consensus rating of "Buy" and a consensus target price of $46.31.

In related news, CFO Jerry N. Ulrich sold 75,000 shares of the firm's stock in a transaction dated Wednesday, July 26th. The stock now has Monthly Volatility of 2.59% and Weekly Volatility of 4.77%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In a transaction dated Jul. 26, 2017, the shares were put up for sale at an average price of $45.15, raking in a sum of $3,386,250. The stock witnessed -22.41% declines, -17.2% declines and -9.41% declines for the 1-month, 3-month and 6-month period, respectively. The disclosure for this sale can be found here.

Sell-side analyst recommendations point to a short term price target of $78.4 on the shares of NuVasive, Inc.

Several other analysts have also recently issued reports on HAWK. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.07. BlackRock Inc. now owns 3,416,688 shares of the credit services provider's stock valued at $138,718,000 after purchasing an additional 3,411,926 shares in the last quarter. Point72 Asset Management, L.p. reduced its position by selling 504,200 shares a decrease of 34.7%. Maple Rock Capital Partners, Inc. controls 470,000 shares worth $20,492,000. Park West Asset Management LLC boosted its stake in Blackhawk Network Holdings by 11.9% during the 1st quarter.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. The stock's market capitalization is $2.02 billion.

EPS Estimate for the next Quarter is 0.11.

The company said revenue for the quarter rose 23.3% to $208.3 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 16.0% compared to the same quarter past year. -24.73% away from the high and 7.33% from the low.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.9 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

TRADEMARK VIOLATION NOTICE: "Blackhawk Network Holdings, Inc". If you are reading this piece on another site, it was illegally stolen and reposted in violation of United States & global trademark and copyright laws. Credit Suisse downgraded Blackhawk Network Holdings Inc (NASDAQ:HAWK) on Thursday, February 16 to "Neutral" rating. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards.

Blackhawk Network Holdings, Inc. (HAWK) Cut to Market Perform at UBS AG