Gotham Asset Management LLC lessened its holdings in shares of HSN, Inc. (NASDAQ:HSNI) by 46.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,061 shares of the specialty retailer’s stock after selling 139,694 shares during the quarter. Gotham Asset Management LLC owned approximately 0.31% of HSN worth $5,170,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. US Bancorp DE grew its stake in HSN by 0.4% during the 2nd 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 in the last quarter. P Schoenfeld Asset Management LP purchased a new position in HSN during the 2nd quarter valued at about $4,785,000. FFT Wealth Management LLC grew its stake in HSN by 13.5% during the 2nd quarter. FFT Wealth Management LLC now owns 161,930 shares of the specialty retailer’s stock valued at $5,166,000 after acquiring an additional 19,264 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in HSN by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the specialty retailer’s stock valued at $265,000 after acquiring an additional 200 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in HSN by 56.9% during the 2nd quarter. Jennison Associates LLC now owns 18,675 shares of the specialty retailer’s stock valued at $596,000 after acquiring an additional 6,769 shares in the last quarter. 57.89% of the stock is currently owned by institutional investors.
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Several equities analysts have weighed in on the company. BidaskClub cut HSN from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Aegis lowered their target price on HSN from $39.00 to $37.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. FBR & Co lifted their target price on HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Wednesday, July 12th. Maxim Group set a $61.00 target price on HSN and gave the company a “buy” rating in a research note on Friday, July 7th. Finally, Sidoti cut 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, five have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.00.
Shares of HSN, Inc. (HSNI) opened at 36.85 on Wednesday. HSN, Inc. has a one year low of $30.75 and a one year high of $42.75. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 16.52 and a beta of 1.33. The stock’s 50 day moving average price is $37.75 and its 200 day moving average price is $36.33.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. The business had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. HSN’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. Analysts expect that HSN, Inc. will post $2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Wednesday, September 6th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.80%. HSN’s payout ratio is presently 63.06%.
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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