Shares of HSN, Inc. (NASDAQ:HSNI) have earned an average recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $44.60.
A number of brokerages have recently commented on HSNI. B. Riley reaffirmed a “hold” rating and issued a $36.00 price target on shares of HSN in a research note on Thursday, November 9th. UBS Group decreased their price objective on HSN from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Zacks Investment Research lowered HSN from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub upgraded HSN from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th.
Several institutional investors and hedge funds have recently modified their holdings of HSNI. BlackRock Inc. boosted its position in HSN by 2.9% during the 2nd quarter. BlackRock Inc. now owns 3,334,104 shares of the specialty retailer’s stock worth $106,357,000 after acquiring an additional 93,621 shares during the last quarter. Vanguard Group Inc. boosted its position in HSN by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,779,690 shares of the specialty retailer’s stock worth $88,673,000 after acquiring an additional 97,182 shares during the last quarter. State Street Corp boosted its position in HSN by 6.0% during the 2nd quarter. State Street Corp now owns 1,210,032 shares of the specialty retailer’s stock worth $38,604,000 after acquiring an additional 68,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in HSN by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 989,913 shares of the specialty retailer’s stock worth $31,578,000 after acquiring an additional 84,636 shares during the last quarter. Finally, PineView Asset Management LP boosted its position in HSN by 206.0% during the 2nd quarter. PineView Asset Management LP now owns 956,256 shares of the specialty retailer’s stock worth $30,505,000 after acquiring an additional 643,765 shares during the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). The company had revenue of $782.56 million during the quarter, compared to the consensus estimate of $804.04 million. HSN had a net margin of 3.29% and a return on equity of 56.55%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. analysts anticipate that HSN will post 2.32 EPS for the current year.
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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