Robert Half (NYSE:RHI) Reaches New 1-Year Low – Here’s Why

Robert Half Inc. (NYSE:RHI)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $22.26 and last traded at $22.3610, with a volume of 2681677 shares trading hands. The stock had previously closed at $22.76.

Analysts Set New Price Targets

RHI has been the subject of several recent analyst reports. Truist Financial upped their target price on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group boosted their price target on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Robert Half has an average rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Performance

The business has a 50 day moving average of $27.12 and a 200-day moving average of $29.36. The company has a market capitalization of $2.26 billion, a P/E ratio of 16.81 and a beta of 0.90.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $0.53 earnings per share. Robert Half’s revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Wednesday, February 25th. Robert Half’s dividend payout ratio is currently 177.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Pzena Investment Management LLC lifted its holdings in shares of Robert Half by 33.8% during the 3rd quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock worth $108,055,000 after acquiring an additional 802,691 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Robert Half during the third quarter worth about $1,204,000. Frank Rimerman Advisors LLC purchased a new position in shares of Robert Half in the 3rd quarter worth about $1,860,000. AMG National Trust Bank purchased a new position in shares of Robert Half during the 3rd quarter valued at about $1,372,000. Finally, Allianz Asset Management GmbH lifted its position in Robert Half by 46.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 530,056 shares of the business services provider’s stock worth $18,011,000 after buying an additional 168,150 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.