Share on StockTwits

HSN (NASDAQ:HSNI) CEO Mindy F. Grossman sold 13,286 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $59.39, for a total transaction of $789,055.54. Following the completion of the transaction, the chief executive officer now directly owns 124,090 shares of the company’s stock, valued at approximately $7,369,705. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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. Separately, 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.48.

Shares of HSN (NASDAQ:HSNI) traded up 2.57% during mid-day trading on Monday, hitting $60.95. 194,297 shares of the company’s stock traded hands. HSN has a 52 week low of $50.03 and a 52 week high of $63.54. The stock’s 50-day moving average is $57.36 and its 200-day moving average is $57.17. The company has a market cap of $3.189 billion and a price-to-earnings ratio of 19.06.

HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.79 earnings per share. HSN’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that HSN will post $3.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, August 29th.

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.