HSN, Inc. (NASDAQ:HSNI)‘s stock had its “neutral” rating reiterated by analysts at B. Riley in a report issued on Thursday.
Other equities research analysts have also issued reports about the stock. FBR & Co increased their target price 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. Aegis lowered their target price on shares of HSN from $39.00 to $37.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. Sidoti lowered shares of HSN from a “buy” rating to a “neutral” rating 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. Finally, Maxim Group set a $61.00 target price on shares of HSN and gave the stock a “buy” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.00.
HSN (NASDAQ:HSNI) traded down $0.20 during mid-day trading on Thursday, hitting $37.20. 231,902 shares of the stock traded hands, compared to its average volume of 330,394. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.66 and a current ratio of 1.57. HSN has a twelve month low of $30.75 and a twelve month high of $42.75. The stock has a market cap of $1,950.00, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.69 and a beta of 1.38.
HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $831.18 million. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. research analysts expect that HSN will post 2.39 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in HSN by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 138,136 shares of the specialty retailer’s stock valued at $5,394,000 after buying an additional 7,540 shares in the last quarter. Harvest Management LLC purchased a new position in HSN in the 3rd quarter valued at about $3,807,000. IndexIQ Advisors LLC purchased a new position in HSN in the 3rd quarter valued at about $1,036,000. Gabelli Funds LLC lifted its stake in HSN by 45.9% in the 3rd quarter. Gabelli Funds LLC now owns 216,100 shares of the specialty retailer’s stock valued at $8,439,000 after buying an additional 68,000 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in HSN in the 3rd quarter valued at about $8,368,000. 57.80% of the stock is currently owned by hedge funds and other institutional investors.
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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