HSN, Inc. (HSNI) Given Consensus Recommendation of “Hold” by Analysts
Shares of HSN, Inc. (NASDAQ:HSNI) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company. Two investment 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. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $45.71.
Several equities research analysts have recently commented on the stock. Aegis assumed coverage on shares of HSN in a research note on Tuesday, April 11th. They set a “hold” rating and a $41.00 price objective for the company. Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Craig Hallum set a $45.00 price objective on shares of HSN and gave the stock a “hold” rating in a research note on Thursday, February 23rd. Maxim Group set a $46.00 price objective on shares of HSN and gave the stock a “buy” rating in a research note on Thursday, May 4th. Finally, Wunderlich restated a “buy” rating and set a $42.00 target price on shares of HSN in a research report on Saturday, January 14th.
Shares of HSN (NASDAQ:HSNI) traded down 1.52% during midday trading on Friday, reaching $35.65. 343,263 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $36.59 and its 200 day moving average is $36.37. The firm has a market cap of $1.87 billion, a PE ratio of 16.90 and a beta of 1.13. HSN has a one year low of $30.75 and a one year high of $54.03.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. HSN had a net margin of 3.76% and a return on equity of 100.35%. The business had revenue of $785.40 million during the quarter, compared to the consensus estimate of $785.22 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Analysts anticipate that HSN will post $2.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, June 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.93%. HSN’s dividend payout ratio is presently 55.12%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in HSN during the fourth quarter worth about $20,430,000. Russell Investments Group Ltd. acquired a new position in HSN during the fourth quarter worth about $12,375,000. Highbridge Capital Management LLC acquired a new position in HSN during the fourth quarter worth about $10,112,000. Two Sigma Investments LP increased its position in HSN by 673.8% in the fourth quarter. Two Sigma Investments LP now owns 326,162 shares of the specialty retailer’s stock worth $11,187,000 after buying an additional 284,012 shares in the last quarter. Finally, Foresters Investment Management Company Inc. acquired a new position in HSN during the first quarter worth about $9,124,000. Institutional investors own 61.30% of the company’s stock.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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