HSN CEO Sells $1,304,351 in Stock (HSNI)
HSN (NASDAQ:HSNI) CEO Mindy F. Grossman sold 23,135 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.38, for a total value of $1,304,351.30. Following the transaction, the chief executive officer now directly owns 124,089 shares in the company, valued at approximately $6,996,138. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of HSN (NASDAQ:HSNI) traded up 0.31% during mid-day trading on Thursday, hitting $58.61. 184,148 shares of the company’s stock traded hands. HSN has a 52 week low of $50.03 and a 52 week high of $65.00. The stock’s 50-day moving average is $59.03 and its 200-day moving average is $57.38. The company has a market cap of $3.113 billion and a price-to-earnings ratio of 17.98.
HSN (NASDAQ:HSNI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.09 by $0.02. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Analysts expect that HSN will post $3.41 EPS for the current fiscal year.
A number of research firms have recently commented on HSNI. Analysts at Craig Hallum initiated coverage on shares of HSN in a research note on Monday, March 10th. They set a “buy” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of HSN in a research note on Monday, March 10th. They set a “buy” rating and a $70.00 price target on the stock. Finally, analysts at EVA Dimensions downgraded shares of HSN from an “overweight” rating to a “hold” rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $67.50.
HSN, Inc (NASDAQ:HSNI) is an interactive multichannel retailer.
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