Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) dropped 1.6% on Monday . The company traded as low as $33.45 and last traded at $33.46, with a volume of 368,170 shares. The stock had previously closed at $34.01.

HAWK has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Wedbush restated a “neutral” rating and issued a $30.00 price objective (down from $33.00) on shares of Blackhawk Network Holdings in a research note on Thursday, April 28th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.75.

The stock’s 50 day moving average is $33.53 and its 200 day moving average is $34.73. The firm has a market cap of $1.88 billion and a PE ratio of 50.39.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.14. The company earned $366.50 million during the quarter, compared to the consensus estimate of $197.97 million. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities research analysts forecast that Blackhawk Network Holdings Inc. will post $2.52 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have added to or reduced their stakes in HAWK. Standard Life Investments LTD boosted its position in Blackhawk Network Holdings by 2.7% in the fourth quarter. Standard Life Investments LTD now owns 2,629,556 shares of the company’s stock worth $116,240,000 after buying an additional 69,102 shares in the last quarter. Morgan Stanley boosted its position in Blackhawk Network Holdings by 71.2% in the fourth quarter. Morgan Stanley now owns 558,956 shares of the company’s stock worth $24,712,000 after buying an additional 232,481 shares in the last quarter. Hodges Capital Management Inc. boosted its position in Blackhawk Network Holdings by 0.9% in the fourth quarter. Hodges Capital Management Inc. now owns 421,845 shares of the company’s stock worth $18,650,000 after buying an additional 3,575 shares in the last quarter. S&T Bank PA boosted its position in Blackhawk Network Holdings by 29.8% in the fourth quarter. S&T Bank PA now owns 326,580 shares of the company’s stock worth $14,438,000 after buying an additional 75,020 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Blackhawk Network Holdings by 58.1% in the fourth quarter. Wells Fargo & Company MN now owns 179,296 shares of the company’s stock worth $7,927,000 after buying an additional 65,902 shares in the last quarter.

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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