HSN Director Sells $606,000 in Stock (HSNI)
HSN (NASDAQ:HSNI) Director Thomas Mcinerney sold 10,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.60, for a total value of $606,000.00. Following the completion of the sale, the director now directly owns 72,797 shares in the company, valued at approximately $4,411,498. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on HSNI shares. 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 investment 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 price target of $63.48.
HSN (NASDAQ:HSNI) traded up 0.02% on Tuesday, hitting $60.96. The stock had a trading volume of 197,789 shares. 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. and its 200-day moving average is $57.23. The company has a market cap of $3.189 billion and a P/E ratio of 19.55.
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. Analysts expect that HSN will post $3.12 EPS 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 1.64%. The ex-dividend date is Friday, August 29th.
HSN, Inc (NASDAQ:HSNI) is an interactive multichannel retailer.
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