Robert Half (NYSE:RHI) Hits New 1-Year Low – Should You Sell?

Shares of Robert Half Inc. (NYSE:RHI) reached a new 52-week low during trading on Friday . The stock traded as low as $39.98 and last traded at $40.19, with a volume of 1965861 shares changing hands. The stock had previously closed at $41.34.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane downgraded Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. BNP Paribas downgraded Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Robert Half from $65.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.71.

Robert Half Trading Down 2.5%

The firm has a market cap of $4.12 billion, a P/E ratio of 20.15 and a beta of 1.04. The business’s fifty day simple moving average is $45.17 and its 200-day simple moving average is $56.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. Robert Half’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. Analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half’s dividend payout ratio (DPR) is presently 118.00%.

Institutional Investors Weigh In On Robert Half

A number of large investors have recently modified their holdings of the stock. Voya Investment Management LLC boosted its stake in shares of Robert Half by 4.4% during the 1st quarter. Voya Investment Management LLC now owns 20,260 shares of the business services provider’s stock valued at $1,105,000 after purchasing an additional 850 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Robert Half by 13.1% during the 1st quarter. First Hawaiian Bank now owns 5,650 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 654 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Robert Half by 962.2% during the 1st quarter. Bayforest Capital Ltd now owns 4,525 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 4,099 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Robert Half by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 536,429 shares of the business services provider’s stock valued at $29,262,000 after purchasing an additional 48,095 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 26,672 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.