Growing Through Challenges? – Robert Half International Inc. (NYSE: RHI)

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BlackRock Fund Advisors recently announced the acquisition of new stake in Robert Half International Inc. (NYSE:RHI). The institutional investor has increased its shareholding in the Industrials company by 1.90% to 7.41 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 6.46% valued currently at $391.25 million. In addition, Geode Capital Management LLC raised its holdings by 10655.0 to 2.57 million shares. And Boston Partners Global Investors,. has lifted its position by 2.98% or 71321.0 shares – to 2.47 million shares.

With over 0.72 million Robert Half International Inc. (RHI) shares trading Thursday and a closing price of $54.67 on the day, the dollar volume was approximately $39.49 million. The shares have shown a positive weekly performance of 10.96% and its price on 07/16/20 gained nearly 1.05%. Currently, there are 113.19M common shares owned by the public and among those 111.08M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for RHI have a consensus price objective of $47.18. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $33.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Robert Half International Inc. stock is 3.00 for the next 12 months. The average price target is -18.15% below its last price level and a downside to the estimated low will see the stock lose -65.67% over that period. But an upside of 8.88% will see the stock hit the forecast high price target while mean target price for the stock is $51.00.

Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 309,921 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 228,813 shares.

The top 3 mutual fund holders in Robert Half International Inc. are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund. Vanguard Total Stock Market Index owns 3.18 million shares of the company’s stock, all valued at over $168.12 million. The company sold 27545.0 shares recently to bring their total holdings to about 2.78% of the shares outstanding. Vanguard 500 Index Fund sold 883.0 shares to see its total holdings shrink to 2.4 million shares valued at over $127.0 million and representing 2.10% of the shares outstanding. Vanguard Mid Cap Index Fund bought 8319.0 shares to bring its total holdings to over 1.44 million shares at a value of $75.97 million. Vanguard Mid Cap Index Fund now owns shares totaling to 1.25% of the shares outstanding.

Shares of Robert Half International Inc. (NYSE: RHI) opened at $54.31, up $0.21 from a prior closing price of $54.10. However, the script later closed the day at $54.67, up 1.05%. The company’s stock has a 5-day price change of 10.96% and 35.32% over the past three months. RHI shares are trading -13.43% year to date (YTD), with the 12-month market performance down to -6.16% lower. It has a 12-month low price of $32.38 and touched a high of $63.97 over the same period. Currently, 0.72 million shares have been traded, compared to an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.38%, 7.92%, and 2.83% respectively.

Institutional ownership of Robert Half International Inc. (NYSE: RHI) shares accounts for 94.70% of the company’s 113.19M shares outstanding. Mutual fund holders own 42.46%, while other institutional holders and individual stakeholders account for 52.08% and 29.20% respectively.

It has a market capitalization of $6.09B and a beta (3y monthly) value of 1.59. The stock’s trailing 12-month PE ratio is 14.53, while the earnings-per-share (ttm) stands at $3.76. The company has a PEG of 5.38 and a Quick Ratio of 1.80 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 3.03% over the month.

Analysts forecast that Robert Half International Inc. (RHI) will achieve an EPS of $0.37 for the current quarter, $0.55 for the next quarter and $3.04 for 2021. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.69. Comparatively, EPS for the current quarter was $0.98 a year ago. Earnings per share for the fiscal year are expected to increase by 8.10%, and 26.91% over the next financial year. EPS should shrink at an annualized rate of 2.70% over the next five years, compared to 11.60% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Robert Half International Inc. (RHI) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 8 of the 14 advise that investors “hold,” and 3 rated it as a “Sell.”

Looking at the support for the RHI, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on May 21, 2020, with the firm’s price target at $32-$51. Northcoast coverage for the Robert Half International Inc. (RHI) stock in a research note released on March 05, 2020 offered a Neutral rating with a price target of. Jefferies was of a view on November 22, 2019 that the stock is Underperform, while CL King gave the stock Buy rating on October 28, 2019, issuing a price target of $70. RBC Capital Mkts on their part issued Sector Perform rating on April 17, 2019.

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