HSN, Inc. (HSNI) Stake Reduced by American Century Companies Inc.

American Century Companies Inc. lowered its stake in HSN, Inc. (NASDAQ:HSNI) by 24.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,898 shares of the specialty retailer’s stock after selling 2,624 shares during the period. American Century Companies Inc.’s holdings in HSN were worth $293,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HSNI. First Mercantile Trust Co. increased its stake in shares of HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 500 shares during the last quarter. Pacad Investment Ltd. increased its stake in shares of HSN by 61.8% in the fourth quarter. Pacad Investment Ltd. now owns 6,309 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 2,409 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of HSN during the fourth quarter valued at $279,000. Credit Agricole S A acquired a new stake in shares of HSN during the fourth quarter valued at $286,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of HSN by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 200 shares during the last quarter. 61.30% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for HSN (NASDAQ:HSNI)

HSN, Inc. (NASDAQ HSNI) opened at 32.25 on Friday. The stock has a 50 day moving average of $34.91 and a 200 day moving average of $35.84. The firm has a market cap of $1.69 billion, a PE ratio of 15.28 and a beta of 1.13. HSN, Inc. has a one year low of $30.75 and a one year high of $54.03.

HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $785.40 million for the quarter, compared to analyst estimates of $785.22 million. HSN had a net margin of 2.71% and a return on equity of 42.95%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that HSN, Inc. will post $2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be paid a $0.35 dividend. The ex-dividend date is Monday, June 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.34%. HSN’s dividend payout ratio (DPR) is presently 55.12%.

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Several equities research analysts recently weighed in on the stock. Maxim Group set a $46.00 target price on shares of HSN and gave the stock a “buy” rating in a research note on Thursday, May 4th. Aegis raised shares of HSN from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Craig Hallum set a $40.00 target price on shares of HSN and gave the stock a “hold” rating in a research note on Thursday, May 4th. Finally, ValuEngine downgraded shares of HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. HSN currently has a consensus rating of “Hold” and an average price target of $45.13.

About HSN

HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HSNI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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