HSN CEO Mindy F. Grossman Sells 13,286 Shares (HSNI)
HSN (NASDAQ:HSNI) CEO Mindy F. Grossman sold 13,286 shares of the stock in a transaction dated 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 in the company, valued at approximately $7,369,705. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
HSNI has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $63.48.
Shares of HSN (NASDAQ:HSNI) traded down 0.59% on Wednesday, hitting $60.60. 85,089 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 has a 50-day moving average of $57.47 and a 200-day moving average of $57.27. The company has a market cap of $3.170 billion and a price-to-earnings ratio of 19.55.
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 $3.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders 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.
Receive News & Ratings for HSN Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.