HSN’s (HSNI) Neutral Rating Reiterated at B. Riley
HSN, Inc. (NASDAQ:HSNI)‘s stock had its “neutral” rating reissued by B. Riley in a note issued to investors on Thursday.
Other equities analysts have also recently issued reports about the stock. Maxim Group set a $61.00 price objective on shares of HSN and gave the stock a “buy” rating in a research note on Friday, July 7th. Aegis dropped their price objective on shares of HSN from $39.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 6th. Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. FBR & Co lifted their price objective on shares of HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, July 12th. Finally, Sidoti cut shares of HSN from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.00.
Shares of HSN (NASDAQ:HSNI) traded down $0.20 during trading hours on Thursday, hitting $37.20. 231,902 shares of the company’s stock were exchanged, compared to its average volume of 330,394. HSN has a 1-year low of $30.75 and a 1-year high of $42.75. The stock has a market cap of $1,950.00, a PE ratio of 15.78, a P/E/G ratio of 1.69 and a beta of 1.38. The company has a quick ratio of 0.66, a current ratio of 1.57 and a debt-to-equity ratio of 2.10.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $831.18 million. During the same period last year, the company posted $0.74 EPS. The business’s revenue was down 3.9% on a year-over-year basis. equities research analysts forecast that HSN will post 2.39 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “HSN’s (HSNI) Neutral Rating Reiterated at B. Riley” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/04/hsns-hsni-neutral-rating-reiterated-at-b-riley.html.
Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of HSN by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 138,136 shares of the specialty retailer’s stock worth $5,394,000 after acquiring an additional 7,540 shares during the last quarter. Harvest Management LLC bought a new stake in shares of HSN in the 3rd quarter worth about $3,807,000. IndexIQ Advisors LLC bought a new stake in shares of HSN in the 3rd quarter worth about $1,036,000. Gabelli Funds LLC lifted its holdings in shares of HSN by 45.9% in the 3rd quarter. Gabelli Funds LLC now owns 216,100 shares of the specialty retailer’s stock worth $8,439,000 after acquiring an additional 68,000 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of HSN in the 3rd quarter worth about $8,368,000. Hedge funds and other institutional investors own 57.80% 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.
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.