HSN Inc. (HSNI) Lowered to “Hold” at Craig Hallum
HSN Inc. (NASDAQ:HSNI) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.
HSNI has been the subject of several other reports. Bank of America Corp. initiated coverage on HSN in a research note on Tuesday, September 20th. They set an “underperform” rating for the company. Citigroup Inc. reduced their target price on HSN from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, September 15th. Zacks Investment Research cut HSN from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. TheStreet cut HSN from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, Axiom Securities reduced their target price on HSN from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. HSN has a consensus rating of “Hold” and a consensus price target of $57.38.
Shares of HSN (NASDAQ:HSNI) opened at 39.74 on Monday. HSN has a 12 month low of $37.34 and a 12 month high of $63.44. The firm has a market capitalization of $2.08 billion, a PE ratio of 14.17 and a beta of 1.04. The firm’s 50 day moving average is $40.89 and its 200-day moving average is $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, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. On average, analysts expect that HSN will post $3.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Friday, September 2nd. HSN’s payout ratio is 50.00%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $43.51, for a total value of $174,040.00. Following the sale, the director now directly owns 53,669 shares in the company, valued at $2,335,138.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. FDx Advisors Inc. boosted its stake in HSN by 0.4% in the second quarter. FDx Advisors Inc. now owns 9,029 shares of the company’s stock worth $442,000 after buying an additional 36 shares during the last quarter. Legal & General Group Plc raised its position in shares of HSN by 1.0% in the second quarter. Legal & General Group Plc now owns 8,693 shares of the company’s stock worth $422,000 after buying an additional 86 shares during the period. OLD National Bancorp IN raised its position in shares of HSN by 1.0% in the second quarter. OLD National Bancorp IN now owns 8,962 shares of the company’s stock worth $439,000 after buying an additional 87 shares during the period. State Treasurer State of Michigan raised its position in shares of HSN by 0.8% in the second quarter. State Treasurer State of Michigan now owns 12,800 shares of the company’s stock worth $626,000 after buying an additional 100 shares during the period. Finally, 1st Global Advisors Inc. raised its position in shares of HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock worth $422,000 after buying an additional 132 shares during the period. 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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