HSN, Inc. (HSNI) Short Interest Down 40.9% in December
HSN, Inc. (NASDAQ:HSNI) was the recipient of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 904,118 shares, a decline of 40.9% from the December 15th total of 1,530,106 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 1,681,015 shares, the short-interest ratio is currently 0.5 days.
HSN (HSNI) opened at $40.35 on Monday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.60 and a current ratio of 1.53. HSN has a 52-week low of $30.90 and a 52-week high of $44.15. The stock has a market capitalization of $2,120.00, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41.
HSN (NASDAQ:HSNI) last released its earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). HSN had a return on equity of 56.55% and a net margin of 3.29%. The business had revenue of $782.56 million for the quarter, compared to analyst estimates of $804.04 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. sell-side analysts forecast that HSN will post 2.32 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC increased its position in HSN by 120.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 172,225 shares of the specialty retailer’s stock worth $5,494,000 after purchasing an additional 94,237 shares during the period. Royal Bank of Canada increased its position in HSN by 4.5% during the 2nd quarter. Royal Bank of Canada now owns 121,260 shares of the specialty retailer’s stock worth $3,868,000 after purchasing an additional 5,175 shares during the period. Havens Advisors LLC acquired a new position in HSN during the 3rd quarter worth approximately $1,300,000. OxFORD Asset Management LLP acquired a new position in HSN during the 2nd quarter worth approximately $1,297,000. Finally, Schwab Charles Investment Management Inc. increased its position in HSN by 15.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 273,658 shares of the specialty retailer’s stock worth $8,730,000 after purchasing an additional 37,466 shares during the period. Institutional investors own 57.49% of the company’s stock.
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.
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