Citigroup Inc. downgraded shares of HSN Inc. (NASDAQ:HSNI) from a buy rating to a neutral rating in a report released on Thursday morning. They currently have $43.00 price target on the stock, down from their previous price target of $53.00.
HSNI has been the subject of several other reports. Bank of America Corp. initiated coverage on shares of HSN in a research note on Tuesday, September 20th. They set an underperform rating for the company. Zacks Investment Research cut shares of HSN from a hold rating to a sell rating in a research note on Tuesday, July 5th. TheStreet cut shares of HSN from a buy rating to a hold rating in a research note on Wednesday, August 24th. Axiom Securities decreased their price target 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 decreased their price target 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $55.67.
HSN (NASDAQ:HSNI) opened at 38.26 on Thursday. The firm has a market cap of $2.00 billion, a PE ratio of 13.64 and a beta of 1.04. HSN has a 52 week low of $37.34 and a 52 week high of $63.44. The stock has a 50 day moving average of $40.62 and a 200 day moving average of $47.98.
HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Analysts anticipate that HSN will post $3.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, September 2nd. HSN’s dividend payout ratio is 50.00%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $43.51, for a total transaction of $174,040.00. Following the completion of the sale, the director now owns 53,669 shares of the company’s stock, valued at approximately $2,335,138.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
A number of large investors have recently made changes to their positions in HSNI. Deprince Race & Zollo Inc. acquired a new stake in shares of HSN during the second quarter valued at about $27,841,000. 1st Global Advisors Inc. increased its stake in shares of HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock valued at $422,000 after buying an additional 132 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of HSN by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 229,429 shares of the company’s stock valued at $12,001,000 after buying an additional 1,492 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of HSN by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 921,943 shares of the company’s stock valued at $48,227,000 after buying an additional 14,512 shares in the last quarter. Finally, Zebra Capital Management LLC increased its stake in shares of HSN by 30.3% in the first quarter. Zebra Capital Management LLC now owns 45,483 shares of the company’s stock valued at $2,379,000 after buying an additional 10,571 shares in the last quarter. 63.67% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for HSN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.