HSN Inc. (HSNI) Downgraded to “Hold” at Craig Hallum
HSN Inc. (NASDAQ:HSNI) was downgraded by Craig Hallum from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $42.00 target price on the stock, down from their prior target price of $62.00. Craig Hallum’s price target would indicate a potential upside of 7.86% from the company’s current price.
A number of other equities research analysts also recently commented on HSNI. Maxim Group decreased their target price on HSN from $66.00 to $61.00 and set a “buy” rating for the company in a report on Friday, August 5th. TheStreet raised HSN from a “hold” rating to a “buy” rating in a report on Monday, August 1st. FBR & Co decreased their target price on HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a report on Friday, August 5th. Zacks Investment Research downgraded HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Wunderlich decreased their price target on HSN from $68.00 to $62.00 and set a “buy” rating for the company in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. HSN has a consensus rating of “Hold” and an average target price of $55.67.
Shares of HSN (NASDAQ:HSNI) traded down 1.84% during trading on Monday, hitting $39.01. 242,004 shares of the stock traded hands. HSN has a 52-week low of $37.34 and a 52-week high of $63.44. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 13.91 and a beta of 1.04. The stock has a 50 day moving average of $40.89 and a 200 day moving average of $48.22.
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HSN (NASDAQ:HSNI) last released its earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. HSN had a return on equity of 117.99% and a net margin of 4.10%. The firm earned $854.30 million during the quarter, compared to the consensus estimate of $871.23 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. Analysts expect that HSN will post $3.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, September 2nd. HSN’s payout ratio is 50.00%.
In other news, Director Thomas Mcinerney sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $43.51, for a total transaction of $174,040.00. Following the completion of the transaction, the director now directly owns 53,669 shares of the company’s stock, valued at approximately $2,335,138.19. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.
Several hedge funds have recently modified their holdings of HSNI. FMR LLC boosted its stake in shares of HSN by 65.6% in the second quarter. FMR LLC now owns 3,240,299 shares of the company’s stock valued at $158,547,000 after buying an additional 1,283,347 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of HSN by 2.0% in the second quarter. Vanguard Group Inc. now owns 2,285,671 shares of the company’s stock valued at $111,839,000 after buying an additional 44,343 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of HSN by 0.9% in the second quarter. BlackRock Fund Advisors now owns 1,562,174 shares of the company’s stock valued at $76,437,000 after buying an additional 13,707 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of HSN by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 934,153 shares of the company’s stock valued at $45,708,000 after buying an additional 12,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of HSN by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 897,737 shares of the company’s stock valued at $43,925,000 after buying an additional 166,996 shares during the last quarter. Hedge funds and other institutional investors own 63.67% of the company’s stock.
HSN Company Profile
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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