Robert Half (NYSE:RHI) Hits New 52-Week High – Still a Buy?

by · The Markets Daily

Robert Half Inc. (NYSE:RHIGet Free Report)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $44.47 and last traded at $43.1850, with a volume of 36392 shares. The stock had previously closed at $43.78.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. The Goldman Sachs Group increased their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a report on Monday, July 27th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $34.75.

Check Out Our Latest Research Report on Robert Half

Robert Half Stock Performance

The business’s 50 day moving average is $35.70 and its 200 day moving average is $29.62. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 37.13 and a beta of 0.79.

Robert Half (NYSE:RHIGet Free Report) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. Research analysts expect that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s payout ratio is presently 205.22%.

Institutional Investors Weigh In On Robert Half

Several hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half in the 2nd quarter valued at about $34,000. Gilpin Wealth Management LLC acquired a new position in Robert Half in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC increased its stake in Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after buying an additional 764 shares during the period. Danske Bank A S purchased a new stake in Robert Half in the 3rd quarter worth approximately $37,000. Finally, Elevation Wealth Partners LLC lifted its position in Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after buying an additional 975 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Company Profile

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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.

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