HSN, Inc. (HSNI) Given Average Rating of “Hold” by Brokerages
HSN, Inc. (NASDAQ:HSNI) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.71.
Several analysts have recently commented on HSNI shares. BidaskClub raised shares of HSN from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. ValuEngine cut shares of HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Sidoti cut shares of HSN from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. Finally, Maxim Group set a $61.00 price target on shares of HSN and gave the company a “buy” rating in a research note on Friday, July 7th.
HSN (HSNI) traded up 0.39% during midday trading on Friday, reaching $38.20. The company’s stock had a trading volume of 666,134 shares. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 17.13 and a beta of 1.34. HSN has a 52-week low of $30.75 and a 52-week high of $42.75. The firm has a 50-day moving average price of $37.31 and a 200 day moving average price of $36.10.
HSN (NASDAQ:HSNI) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a net margin of 3.36% and a return on equity of 64.60%. The business had revenue of $821.40 million for the quarter, compared to analysts’ expectations of $831.18 million. During the same period in the prior year, the firm earned $0.74 earnings per share. HSN’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts predict that HSN will post $2.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be paid a $0.35 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.40 dividend on an annualized basis and a yield of 3.66%. HSN’s payout ratio is presently 63.06%.
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Hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its stake in HSN by 0.4% in the second quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock valued at $139,000 after acquiring an additional 19 shares during the last quarter. First Mercantile Trust Co. boosted its stake in HSN by 70.4% in the second quarter. First Mercantile Trust Co. now owns 4,600 shares of the specialty retailer’s stock valued at $147,000 after acquiring an additional 1,900 shares during the last quarter. Advantus Capital Management Inc boosted its stake in HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock valued at $152,000 after acquiring an additional 228 shares during the last quarter. North Star Investment Management Corp. boosted its stake in HSN by 124.1% in the second quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock valued at $182,000 after acquiring an additional 3,165 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock valued at $204,000 after acquiring an additional 18 shares during the last quarter. 57.88% of the stock is currently owned by hedge funds and other institutional investors.
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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