Robert Half (NYSE:RHI) Sets New 12-Month Low Following Analyst Downgrade

Robert Half Inc. (NYSE:RHI) reached a new 52-week low during mid-day trading on Wednesday after BMO Capital Markets lowered their price target on the stock from $35.00 to $32.00. BMO Capital Markets currently has a market perform rating on the stock. Robert Half traded as low as $24.35 and last traded at $24.86, with a volume of 3571127 shares traded. The stock had previously closed at $24.77.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group boosted their price objective on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. BNP Paribas Exane cut shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research report on Friday, December 5th. UBS Group reduced their price target on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Robert Half currently has an average rating of “Reduce” and an average price target of $33.13.

Institutional Trading of Robert Half

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC increased its position in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half in the 2nd quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Robert Half by 927.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 770 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

The firm has a fifty day moving average of $28.23 and a 200-day moving average of $30.62. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.69 and a beta of 0.88.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Robert Half’s payout ratio is presently 177.44%.

Robert Half Company Profile

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.