$832.09 Million in Sales Expected for HSN, Inc. (HSNI) This Quarter
Brokerages expect that HSN, Inc. (NASDAQ:HSNI) will report $832.09 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for HSN’s earnings, with the highest sales estimate coming in at $835.67 million and the lowest estimate coming in at $828.50 million. HSN posted sales of $854.31 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that HSN will report full-year sales of $832.09 million for the current year, with estimates ranging from $3.52 billion to $3.54 billion. For the next financial year, analysts forecast that the company will report sales of $3.63 billion per share, with estimates ranging from $3.61 billion to $3.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow HSN.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $785.22 million. HSN had a return on equity of 72.70% and a net margin of 3.15%. HSN’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share.
A number of analysts recently commented on the company. ValuEngine lowered HSN from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a research report on Monday, February 27th. Aegis raised HSN from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Craig Hallum set a $40.00 target price on HSN and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Maxim Group set a $46.00 target price on HSN and gave the company a “buy” rating in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. HSN presently has an average rating of “Hold” and a consensus target price of $45.13.
A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of HSN by 23,031.4% in the first quarter. BlackRock Inc. now owns 3,240,483 shares of the specialty retailer’s stock worth $120,222,000 after buying an additional 3,226,474 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of HSN by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,682,508 shares of the specialty retailer’s stock worth $99,521,000 after buying an additional 209,968 shares in the last quarter. RidgeWorth Capital Management LLC raised its stake in shares of HSN by 3.9% in the first quarter. RidgeWorth Capital Management LLC now owns 1,659,280 shares of the specialty retailer’s stock worth $61,559,000 after buying an additional 62,199 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of HSN by 13.0% in the first quarter. Eagle Asset Management Inc. now owns 1,438,584 shares of the specialty retailer’s stock worth $53,371,000 after buying an additional 165,998 shares in the last quarter. Finally, State Street Corp raised its stake in shares of HSN by 0.4% in the first quarter. State Street Corp now owns 1,141,957 shares of the specialty retailer’s stock worth $42,365,000 after buying an additional 4,452 shares in the last quarter. 60.19% of the stock is owned by hedge funds and other institutional investors.
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HSN (NASDAQ:HSNI) traded up 1.59% on Friday, hitting $31.85. The stock had a trading volume of 408,758 shares. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 15.09 and a beta of 1.29. The company has a 50-day moving average price of $33.99 and a 200-day moving average price of $35.44. HSN has a 52 week low of $30.75 and a 52 week high of $54.03.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Monday, June 5th. HSN’s dividend payout ratio is currently 66.67%.
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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