Craig Hallum lowered shares of HSN Inc. (NASDAQ:HSNI) from a buy rating to a hold rating in a research report sent to investors on Monday. The brokerage currently has $42.00 price target on the stock, down from their previous price target of $62.00.
A number of other research firms have also recently commented on HSNI. Zacks Investment Research cut shares of HSN from a hold rating to a sell rating in a report on Tuesday, July 5th. Citigroup Inc. lowered their price target on shares of HSN from $55.00 to $53.00 and set a buy rating on the stock in a report on Thursday, September 15th. Sidoti lowered their price target on shares of HSN from $62.00 to $58.00 and set a buy rating on the stock in a report on Wednesday, September 14th. Wunderlich lowered their price target on shares of HSN from $68.00 to $62.00 and set a buy rating on the stock in a report on Monday, July 25th. Finally, TheStreet cut shares of HSN from a buy rating to a hold rating in a report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. HSN presently has a consensus rating of Hold and an average price target of $55.67.
HSN (NASDAQ:HSNI) opened at 38.71 on Monday. The stock has a 50 day moving average price of $40.48 and a 200 day moving average price of $47.91. HSN has a 52-week low of $37.34 and a 52-week high of $63.44. The firm has a market cap of $2.02 billion, a P/E ratio of 13.81 and a beta of 1.04.
HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. HSN had a net margin of 4.10% and a return on equity of 117.99%. The firm had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $871.23 million. During the same quarter last year, the firm earned $0.81 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts predict that HSN will post $3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.62%. HSN’s dividend payout ratio (DPR) is currently 50.00%.
In other news, Director Thomas Mcinerney sold 4,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $43.51, for a total transaction of $174,040.00. Following the completion of the transaction, the director now directly owns 53,669 shares in the company, valued at approximately $2,335,138.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSNI. Fox Run Management L.L.C. purchased a new position in HSN during the third quarter worth approximately $322,000. Eagle Asset Management Inc. raised its position in HSN by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 799,429 shares of the company’s stock worth $31,817,000 after buying an additional 33,019 shares during the period. Oregon Public Employees Retirement Fund raised its position in HSN by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,115 shares of the company’s stock worth $442,000 after buying an additional 220 shares during the period. Mason Street Advisors LLC purchased a new position in HSN during the second quarter worth approximately $712,000. Finally, Royal Bank of Canada raised its position in HSN by 1.2% in the second quarter. Royal Bank of Canada now owns 80,697 shares of the company’s stock worth $3,949,000 after buying an additional 920 shares during the period. Hedge funds and other 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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