HSN Inc. (HSNI) Hits New 52-Week Low at $37.79
HSN Inc. (NASDAQ:HSNI)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $37.79 and last traded at $37.88, with a volume of 511,692 shares trading hands. The stock had previously closed at $40.50.
Several equities analysts have recently issued reports on HSNI shares. Citigroup Inc. reduced their target price on HSN from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, September 15th. TheStreet cut HSN from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Bank of America Corp. started coverage on HSN in a research note on Tuesday. They set an “underperform” rating on the stock. Axiom Securities reduced their target price on HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Finally, Maxim Group started coverage on HSN in a research note on Thursday, June 9th. They set a “buy” rating and a $66.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.63.
The company has a 50 day moving average of $43.75 and a 200-day moving average of $49.59. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 13.36 and a beta of 0.90.
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HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $854.30 million for the quarter, compared to analyst estimates of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. HSN’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. On average, analysts anticipate that HSN Inc. will post $3.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, September 2nd. HSN’s dividend payout ratio (DPR) is presently 50.00%.
In related news, Director Thomas Mcinerney sold 4,000 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $43.62, for a total value of $174,480.00. Following the transaction, the director now owns 59,669 shares of the company’s stock, valued at $2,602,761.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of HSN by 4,208.7% in the first quarter. Renaissance Technologies LLC now owns 297,300 shares of the company’s stock valued at $15,552,000 after buying an additional 290,400 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of HSN by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 229,429 shares of the company’s stock valued at $12,001,000 after buying an additional 1,492 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of HSN by 141.3% in the first quarter. UBS Asset Management Americas Inc. now owns 112,446 shares of the company’s stock valued at $5,882,000 after buying an additional 65,842 shares during the last quarter. Scotia Capital Inc. purchased a new position in shares of HSN during the first quarter valued at about $357,000. Finally, Zebra Capital Management LLC raised its position in shares of HSN by 30.3% in the first quarter. Zebra Capital Management LLC now owns 45,483 shares of the company’s stock valued at $2,379,000 after buying an additional 10,571 shares during the last quarter. 63.82% of the stock is currently owned by hedge funds and other institutional investors.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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