Scripps Networks Interactive, Inc (NASDAQ:SNI)‘s stock had its “neutral” rating reissued by equities research analysts at MKM Partners in a research report issued to clients and investors on Friday. They presently have a $73.00 target price on the stock, down from their previous target price of $84.00. MKM Partners’ target price indicates a potential downside of 7.30% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SNI. Royal Bank Of Canada restated a “hold” rating and set a $87.00 target price on shares of Scripps Networks Interactive in a report on Monday, April 24th. Jefferies Group LLC restated a “hold” rating and set a $76.00 target price on shares of Scripps Networks Interactive in a report on Friday, April 28th. J P Morgan Chase & Co upgraded Scripps Networks Interactive from an “underweight” rating to a “neutral” rating and set a $83.00 target price on the stock in a report on Friday, May 5th. Moffett Nathanson restated a “sell” rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. Finally, Zacks Investment Research cut Scripps Networks Interactive from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $76.60.

Shares of Scripps Networks Interactive (SNI) traded down 0.33% during midday trading on Friday, reaching $78.75. 2,820,552 shares of the company’s stock traded hands. Scripps Networks Interactive has a 52-week low of $59.32 and a 52-week high of $83.42. The stock’s 50 day moving average price is $68.00 and its 200 day moving average price is $73.39. The firm has a market capitalization of $10.22 billion, a P/E ratio of 17.60 and a beta of 1.44.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.35. The business had revenue of $855 million for the quarter, compared to analysts’ expectations of $856.98 million. Scripps Networks Interactive had a return on equity of 30.71% and a net margin of 16.94%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. On average, equities research analysts anticipate that Scripps Networks Interactive will post $5.49 EPS for the current fiscal year.

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In other Scripps Networks Interactive news, major shareholder Margaret Scripps Klenzing sold 46,466 shares of Scripps Networks Interactive stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.01, for a total value of $3,299,550.66. Following the completion of the transaction, the insider now directly owns 10,013 shares of the company’s stock, valued at approximately $711,023.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward W. Scripps sold 300,000 shares of Scripps Networks Interactive stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total value of $20,088,000.00. Following the completion of the transaction, the insider now directly owns 232,071 shares of the company’s stock, valued at $15,539,474.16. The disclosure for this sale can be found here. Insiders have sold a total of 376,466 shares of company stock valued at $25,477,051 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC boosted its position in shares of Scripps Networks Interactive by 27.2% in the second quarter. Copeland Capital Management LLC now owns 136,567 shares of the company’s stock valued at $9,328,000 after buying an additional 29,230 shares in the last quarter. Huntington National Bank boosted its position in Scripps Networks Interactive by 4.6% in the second quarter. Huntington National Bank now owns 5,404 shares of the company’s stock worth $369,000 after buying an additional 240 shares during the period. Hermes Investment Management Ltd. acquired a new position in Scripps Networks Interactive during the second quarter worth approximately $410,000. APG Asset Management N.V. boosted its position in Scripps Networks Interactive by 136.9% in the second quarter. APG Asset Management N.V. now owns 360,800 shares of the company’s stock worth $24,646,000 after buying an additional 208,500 shares during the period. Finally, Butensky & Cohen Financial Security Inc. boosted its position in Scripps Networks Interactive by 140.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 12,952 shares of the company’s stock worth $885,000 after buying an additional 7,563 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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