HSN, Inc. (NASDAQ:HSNI) was downgraded by equities research analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.

HSNI has been the topic of several other research reports. Zacks Investment Research lowered HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. Maxim Group set a $46.00 target price on HSN and gave the stock a “buy” rating in a research note on Thursday, May 4th. Craig Hallum set a $40.00 target price on HSN and gave the stock a “hold” rating in a research note on Thursday, May 4th. Aegis began coverage on HSN in a research note on Tuesday, April 11th. They set a “hold” rating and a $41.00 target price on the stock. Finally, ValuEngine lowered HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.63.

Shares of HSN (HSNI) traded up 26.84% on Thursday, hitting $39.70. The company had a trading volume of 10,529,335 shares. HSN has a 12-month low of $30.75 and a 12-month high of $54.03. The firm has a market capitalization of $2.08 billion, a P/E ratio of 18.82 and a beta of 1.30. The firm has a 50 day moving average of $33.04 and a 200-day moving average of $35.22.

HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. HSN had a return on equity of 72.70% and a net margin of 3.15%. The firm had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $785.22 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict that HSN will post $2.42 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.53%. The ex-dividend date was Monday, June 5th. HSN’s dividend payout ratio is currently 66.67%.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/07/06/hsn-inc-hsni-downgraded-by-sidoti.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in HSN by 23,031.4% in the first quarter. BlackRock Inc. now owns 3,240,483 shares of the specialty retailer’s stock valued at $120,222,000 after buying an additional 3,226,474 shares during the period. Norges Bank purchased a new stake in shares of HSN during the fourth quarter worth approximately $20,430,000. Point72 Asset Management L.P. purchased a new stake in shares of HSN during the first quarter worth approximately $16,834,000. Highbridge Capital Management LLC purchased a new stake in shares of HSN during the fourth quarter worth approximately $10,112,000. Finally, Foresters Investment Management Company Inc. purchased a new stake in shares of HSN during the first quarter worth approximately $9,124,000. 59.70% of the stock is owned by institutional investors and hedge funds.

HSN Company Profile

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.

The Fly

Analyst Recommendations for HSN (NASDAQ:HSNI)

Receive News & Ratings for HSN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.