HSN Inc. (NASDAQ:HSNI) Receives Consensus Recommendation of “Hold” from Analysts
Shares of HSN Inc. (NASDAQ:HSNI) have received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $55.33.
A number of analysts have commented on HSNI shares. Maxim Group cut their price target on shares of HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. TheStreet upgraded shares of HSN from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Wunderlich dropped their price objective on shares of HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Citigroup Inc. dropped their price objective on shares of HSN from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Finally, Axiom Securities dropped their price objective on shares of HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 8th.
HSN (NASDAQ:HSNI) traded down 2.06% during trading on Monday, reaching $38.92. The company had a trading volume of 213,868 shares. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.88 and a beta of 1.04. HSN has a one year low of $37.34 and a one year high of $63.44. The company has a 50-day moving average price of $40.89 and a 200 day moving average price of $48.22.
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HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Analysts expect that HSN will post $3.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.60%. HSN’s dividend payout ratio is presently 50.00%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the completion of the sale, the director now owns 53,669 shares in the company, valued at approximately $2,335,138.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. purchased a new stake in HSN during the second quarter valued at approximately $27,841,000. 1st Global Advisors Inc. raised its stake in HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock valued at $422,000 after buying an additional 132 shares during the period. Loomis Sayles & Co. L P raised its stake in 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 period. BlackRock Institutional Trust Company N.A. raised its stake in HSN by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 921,943 shares of the company’s stock valued at $48,227,000 after buying an additional 14,512 shares during the period. Finally, Zebra Capital Management LLC raised its stake in 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 period. Hedge funds and other institutional investors own 63.67% of the company’s stock.
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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