HSN, Inc. Announces Quarterly Dividend of $0.25 (HSNI)
HSN (NASDAQ:HSNI) announced a quarterly dividend on Friday, August 8th, ARN reports. Investors of record on Wednesday, September 3rd will be paid a dividend of 0.25 per share on Wednesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, August 29th.
A number of research firms have recently commented on HSNI. Analysts at Zacks upgraded shares of HSN from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $56.90 price target on the stock. On a related note, analysts at ISI Group upgraded shares of HSN from a “hold” rating to a “buy” rating in a research note on Monday, June 23rd. They now have a $60.00 price target on the stock, up previously from $7.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of HSN in a research note on Monday, June 23rd. They now have a $67.00 price target on the stock, up previously from $60.00. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.48.
HSN (NASDAQ:HSNI) traded up 0.21% during mid-day trading on Friday, hitting $58.40. 182,745 shares of the company’s stock traded hands. HSN has a 1-year low of $50.03 and a 1-year high of $63.54. The stock’s 50-day moving average is $57.15 and its 200-day moving average is $57.09. The company has a market cap of $3.108 billion and a price-to-earnings ratio of 18.50.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $855.20 million for the quarter, compared to the consensus estimate of $831.33 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that HSN will post $3.17 earnings per share for the current fiscal year.
HSN, Inc (NASDAQ:HSNI) is an interactive multichannel retailer.
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