Guggenheim Capital LLC raised its position in HSN, Inc. (NASDAQ:HSNI) by 105.3% during the fourth quarter, Holdings Channel reports. The fund owned 84,712 shares of the company’s stock after buying an additional 43,459 shares during the period. Guggenheim Capital LLC’s holdings in HSN were worth $2,905,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of 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 last quarter. Fox Run Management L.L.C. acquired a new stake in shares of HSN during the third quarter worth $322,000. CrestPoint Capital Management LLC acquired a new stake in shares of HSN during the third quarter worth $211,000. Bank of Montreal Can increased its stake in shares of HSN by 10.3% in the third quarter. Bank of Montreal Can now owns 50,580 shares of the company’s stock worth $2,013,000 after buying an additional 4,720 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of HSN by 82,731.6% in the third quarter. Meeder Asset Management Inc. now owns 15,738 shares of the company’s stock worth $626,000 after buying an additional 15,719 shares during the last quarter. Hedge funds and other institutional investors own 61.30% of the company’s stock.
Shares of HSN, Inc. (NASDAQ:HSNI) opened at 36.20 on Tuesday. The firm has a market capitalization of $1.90 billion, a P/E ratio of 16.09 and a beta of 1.13. The firm’s 50-day moving average price is $36.79 and its 200-day moving average price is $36.97. HSN, Inc. has a one year low of $30.75 and a one year high of $55.00.
HSN (NASDAQ:HSNI) last announced its earnings results on Wednesday, February 22nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. HSN had a net margin of 3.76% and a return on equity of 100.35%. The company earned $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that HSN, Inc. will post $2.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Wednesday, March 8th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 6th. This represents a $1.40 annualized dividend and a yield of 3.87%. HSN’s dividend payout ratio (DPR) is presently 55.12%.
HSNI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded HSN from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Wunderlich reiterated a “buy” rating and set a $42.00 price target on shares of HSN in a report on Saturday, January 14th. Finally, Craig Hallum set a $45.00 price target on HSN and gave the stock a “hold” rating in a report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.57.
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.
Want to see what other hedge funds are holding HSNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HSN, Inc. (NASDAQ:HSNI).
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.