Blackhawk Network Holdings, Inc. Announces 31% Rise In Q3 Earnings

The stock had previously closed at $44.20.

Among 13 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 10 have Buy rating, 0 Sell and 3 Hold. Citigroup Inc. reiterated a "buy" rating and set a $47.00 price target on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Mizuho started coverage on Blackhawk Network Holdings in a research note on Tuesday, June 27th. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) earned "Outperform" rating by BMO Capital Markets on Wednesday, June 28. Craig Hallum reaffirmed a "buy" rating and issued a $58.00 price target on shares of Blackhawk Network Holdings in a research note on Friday, September 1st. (NASDAQ:HAWK), 5 rate it "Buy", 7 "Outperform", 3 "Underperform", 0 "Sell", while 0 "Hold".

Castleark Management LLC purchased a new stake in shares of Blackhawk Network Holdings, Inc. The shares were sold at an average price of $42.88, for a total value of $800,526.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Insiders have sold 96,212 shares of company stock valued at $4,298,465 over the last three months. The disclosure for this sale can be found here. Fidelity Management and Research Company is the second biggest holder with 4 million shares now valued at 161.92 million whilst P2 Capital Partners, LLC has 3 million shares valued at 130.80 million. Nomura Holdings Inc. raised its stake in shares of Blackhawk Network Holdings by 2.7% in the 2nd quarter. The fund purchased 327,760 shares of the credit services provider's stock, valued at approximately $14,290,000. Finally, Clinton Group Inc. acquired a new position in shares of Blackhawk Network Holdings during the first quarter worth $309,000. Company shares are trading at $35.03 which is much lower than the 50 day moving average of $44.01 and impressively lower than the 200 day moving average of $42.68. The company was initiated on Friday, January 6 by BMO Capital Markets. (NASDAQ:HAWK) announced its earnings results on Monday.

They expect $-0.17 EPS, down 129.41% or $0.22 from last year's $0.05 per share. The credit services provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.07.

Blackhawk Network Holdings, Inc. This was up from $168.9 million a year ago.

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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.

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

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On 5/30/2017, Stockdale Securities released a statement on Blackhawk Network (LON:HAWK) upped the target price from 0.00GBX to 1.70GBX that suggested an upside of 1.12%.

"We have recently seen increasing competitive pressures in some retail markets and believe this will result in lower growth in our USA retail physical channels going forward", said Blackhawk CEO Talbott Roche in a statement. 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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