HSN CEO Mindy Grossman Sells 30,000 Shares (HSNI)
HSN (NASDAQ:HSNI) CEO Mindy Grossman sold 30,000 shares of HSN stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $54.90, for a total value of $1,647,000.00. Following the completion of the transaction, the chief executive officer now directly owns 128,863 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
HSNI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of HSN (NASDAQ:HSNI) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $67.00 price target on the stock, up previously from $59.00. Separately, analysts at Wunderlich upgraded shares of HSN (NASDAQ:HSNI) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 2nd. They now have a $75.00 price target on the stock, up previously from $63.00. Finally, analysts at Wunderlich raised their price target on shares of HSN (NASDAQ:HSNI) from $57.00 to $63.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock.
One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.25.
Shares of HSN (NASDAQ:HSNI) traded up 0.55% on Wednesday, hitting $54.70. The stock had a trading volume of 422,403 shares. HSN has a 52-week low of $47.47 and a 52-week high of $65.00. The stock has a 50-day moving average of $57.62 and a 200-day moving average of $55.78. The company has a market cap of $2.911 billion and a P/E ratio of 20.47.
HSN (NASDAQ:HSNI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.06. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $805.11 million. During the same quarter last year, the company posted $0.61 earnings per share. HSN’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that HSN will post $3.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, August 30th.
HSN, Inc (NASDAQ:HSNI) is an interactive multichannel retailer.
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