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

Robert Half Inc. (NYSE:RHI) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $23.82 and last traded at $23.8560, with a volume of 3831573 shares traded. The stock had previously closed at $25.77.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RHI shares. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. increased their price objective on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. BMO Capital Markets cut their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Finally, Truist Financial increased their price target on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $33.13.

Robert Half Price Performance

The firm has a market cap of $2.44 billion, a PE ratio of 17.94 and a beta of 0.88. The stock has a 50-day moving average price of $27.89 and a 200 day moving average price of $30.24.

Robert Half (NYSE:RHI) last issued its earnings results 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current 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 given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Wednesday, February 25th. Robert Half’s dividend payout ratio is presently 177.44%.

Hedge Funds Weigh In On Robert Half

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Robert Half by 24.8% during the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock worth $262,953,000 after acquiring an additional 1,537,245 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Robert Half by 0.3% during the third quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock worth $202,918,000 after buying an additional 15,815 shares during the period. Capital World Investors increased its position in Robert Half by 36.0% in the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after acquiring an additional 1,561,146 shares during the period. State Street Corp increased its holdings in shares of Robert Half by 2.7% during the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after purchasing an additional 127,322 shares during the period. Finally, Pzena Investment Management LLC grew its position in Robert Half by 38.2% in the 4th quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock valued at $119,364,000 after buying an additional 1,214,883 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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.