Insider Selling: Mindy Grossman Sells 30,000 Shares of HSN Stock (HSNI)
HSN (NASDAQ:HSNI) CEO Mindy Grossman unloaded 30,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $52.18, for a total transaction of $1,565,400.00. Following the completion of the sale, the chief executive officer now directly owns 128,955 shares in the company, valued at approximately $6,728,872. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of HSN (NASDAQ:HSNI) traded up 1.10% on Thursday, hitting $53.21. 368,078 shares of the company’s stock traded hands. HSN has a one year low of $47.51 and a one year high of $65.00. The stock’s 50-day moving average is $54.02 and its 200-day moving average is $55.54. The company has a market cap of $2.832 billion and a price-to-earnings ratio of 19.80.
HSN (NASDAQ:HSNI) last announced its 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.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of HSN 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 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 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $70.25.
HSN, Inc (NASDAQ:HSNI) is an interactive multichannel retailer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.