HSNI has been the subject of several other reports. Citigroup Inc. decreased their price objective on shares of HSN from $55.00 to $53.00 and set a buy rating for the company in a report on Thursday, September 15th. TheStreet downgraded shares of HSN from a buy rating to a hold rating in a report on Wednesday, August 24th. Zacks Investment Research downgraded shares of HSN from a hold rating to a sell rating in a report on Tuesday, July 5th. Axiom Securities cut their target price on shares of HSN from $66.00 to $57.00 and set a buy rating for the company in a research note on Monday, August 8th. Finally, Wunderlich cut their target price on shares of HSN from $68.00 to $62.00 and set a buy rating for the company in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $58.63.
HSN (NASDAQ:HSNI) opened at 39.60 on Tuesday. HSN has a 12-month low of $37.34 and a 12-month high of $63.44. The stock has a 50 day moving average of $42.63 and a 200 day moving average of $49.33. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 14.12 and a beta of 0.90.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business earned $854.30 million during the quarter, compared to the consensus estimate of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. HSN’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Equities research analysts anticipate that HSN will post $3.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Friday, September 2nd. HSN’s dividend payout ratio is 50.00%.
In other news, Director Thomas Mcinerney sold 4,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the completion of the transaction, the director now owns 53,669 shares in the company, valued at approximately $2,335,138.19. The sale was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in HSNI. FMR LLC boosted its stake in shares of HSN by 65.6% in the second quarter. FMR LLC now owns 3,240,299 shares of the company’s stock worth $158,547,000 after buying an additional 1,283,347 shares during the period. Vanguard Group Inc. boosted its stake in shares of HSN by 2.0% in the second quarter. Vanguard Group Inc. now owns 2,285,671 shares of the company’s stock worth $111,839,000 after buying an additional 44,343 shares during the period. BlackRock Fund Advisors boosted its stake in shares of HSN by 0.9% in the second quarter. BlackRock Fund Advisors now owns 1,562,174 shares of the company’s stock worth $76,437,000 after buying an additional 13,707 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of HSN by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 934,153 shares of the company’s stock worth $45,708,000 after buying an additional 12,210 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of HSN by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 897,737 shares of the company’s stock worth $43,925,000 after buying an additional 166,996 shares during the period. Institutional investors own 63.67% of the company’s stock.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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