Robert Half Inc. (NYSE:RHI) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analyst consensus: Nine analysts give Robert Half a consensus "Reduce" rating (4 sell, 4 hold, 1 buy) with a 1‑year average price target of $31.75, and recent broker moves range from Barclays cutting its target to $25 and BNP Paribas to $22 while Truist raised its target to $40.
• Dividend and fundamentals: Shares trade around $24.71 (52‑week range $21.83–$55.24) with a market cap near $2.5B; the company pays a $0.59 quarterly dividend (9.6% yield) but the payout ratio is 177%, and recent results showed revenue down 5.8% YoY with a modest EPS beat ($0.32 vs. $0.30).

Robert Half Inc. (NYSE:RHI - Get Free Report) has been given a consensus rating of "Reduce" by the nine ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $31.75.

Several brokerages have recently issued reports on RHI. Barclays lowered their price objective on shares of Robert Half from $36.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, March 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Robert Half in a research note on Monday, December 29th. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. BNP Paribas Exane downgraded Robert Half from a "neutral" rating to an "underperform" rating and set a $22.00 price target on the stock. in a research note on Friday, December 5th. Finally, Truist Financial boosted their price target on Robert Half from $35.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 30th.

Robert Half Stock Performance

Shares of RHI opened at $24.71 on Thursday. The stock has a 50 day simple moving average of $25.96 and a 200 day simple moving average of $28.07. Robert Half has a 52-week low of $21.83 and a 52-week high of $55.24. The firm has a market capitalization of $2.50 billion, a PE ratio of 18.58 and a beta of 0.85.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company posted $0.53 EPS. The business's quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Robert Half's dividend payout ratio (DPR) is currently 177.44%.

Hedge Funds Weigh In On Robert Half

A number of large investors have recently bought and sold shares of RHI. Pzena Investment Management LLC grew its position in Robert Half by 33.8% in the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider's stock valued at $108,055,000 after purchasing an additional 802,691 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Robert Half during the 3rd quarter worth about $1,204,000. Frank Rimerman Advisors LLC acquired a new position in shares of Robert Half during the 3rd quarter worth about $1,860,000. AMG National Trust Bank acquired a new position in shares of Robert Half during the 3rd quarter worth about $1,372,000. Finally, Kiltearn Partners LLP boosted its stake in shares of Robert Half by 40.6% during the 3rd quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider's stock worth $15,712,000 after buying an additional 133,500 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

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.

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