Robert Half (NYSE:RHI) Hits New 52-Week Low – Time to Sell?

Robert Half Inc. (NYSE:RHI)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $53.21 and last traded at $53.07, with a volume of 56695 shares changing hands. The stock had previously closed at $54.15.

Analyst Upgrades and Downgrades

RHI has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Price Performance

The company’s 50-day moving average price is $63.14 and its 200-day moving average price is $67.13. The company has a market cap of $5.32 billion, a P/E ratio of 21.32 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.54%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new position in Robert Half in the fourth quarter valued at $26,000. Private Trust Co. NA grew its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Signaturefd LLC grew its position in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. Finally, Eastern Bank bought a new position in Robert Half in the fourth quarter valued at $35,000. 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.