Shares of HSN, Inc. (NASDAQ:HSNI) have been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.00.
A number of research firms have commented on HSNI. Maxim Group set a $61.00 target price on HSN and gave the company a “buy” rating in a report on Friday, July 7th. Sidoti downgraded HSN from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. FBR & Co raised their target price on HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a report on Wednesday, July 12th. BidaskClub downgraded HSN from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th.
Shares of HSN (NASDAQ HSNI) traded up 0.54% during midday trading on Wednesday, reaching $37.05. 543,748 shares of the company traded hands. HSN has a 1-year low of $30.75 and a 1-year high of $42.75. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $36.33. The stock has a market capitalization of $1.94 billion, a P/E ratio of 16.61 and a beta of 1.33.
HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. During the same period last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts predict that HSN will post $2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Friday, September 1st. HSN’s dividend payout ratio is currently 63.06%.
Hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its position in shares of 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 buying an additional 19 shares in the last quarter. P Schoenfeld Asset Management LP purchased a new position in shares of HSN in the second quarter valued at $4,785,000. FFT Wealth Management LLC increased its position in shares of HSN by 13.5% in the second quarter. FFT Wealth Management LLC now owns 161,930 shares of the specialty retailer’s stock valued at $5,166,000 after buying an additional 19,264 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of HSN by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the specialty retailer’s stock valued at $265,000 after buying an additional 200 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of HSN by 56.9% in the second quarter. Jennison Associates LLC now owns 18,675 shares of the specialty retailer’s stock valued at $596,000 after buying an additional 6,769 shares in the last quarter. Institutional investors and hedge funds own 57.89% 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.
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