GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of HSN, Inc. (NASDAQ:HSNI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 214,300 shares of the specialty retailer’s stock, valued at approximately $8,368,000. HSN accounts for about 1.0% of GABELLI & Co INVESTMENT ADVISERS INC.’s investment portfolio, making the stock its 26th largest holding. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.41% of HSN at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. ARP Americas LLC acquired a new stake in HSN during the 3rd quarter worth about $2,381,000. New York State Teachers Retirement System grew its position in HSN by 8.1% during the 3rd quarter. New York State Teachers Retirement System now owns 61,662 shares of the specialty retailer’s stock worth $2,408,000 after purchasing an additional 4,600 shares during the period. Victory Capital Management Inc. grew its position in HSN by 4,102.0% during the 3rd quarter. Victory Capital Management Inc. now owns 499,324 shares of the specialty retailer’s stock worth $19,498,000 after purchasing an additional 487,441 shares during the period. Penserra Capital Management LLC grew its position in HSN by 56.7% during the 3rd quarter. Penserra Capital Management LLC now owns 80,182 shares of the specialty retailer’s stock worth $3,131,000 after purchasing an additional 29,008 shares during the period. Finally, Aperio Group LLC grew its position in HSN by 177.0% during the 3rd quarter. Aperio Group LLC now owns 25,748 shares of the specialty retailer’s stock worth $1,005,000 after purchasing an additional 16,453 shares during the period. 58.15% of the stock is currently owned by institutional investors.
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Several equities research analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating on shares of HSN in a research report on Thursday. BidaskClub downgraded HSN from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, FBR & Co increased their price target on HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.00.
HSN, Inc. (HSNI) traded down $0.05 during mid-day trading on Monday, hitting $37.15. 65,552 shares of the stock traded hands, compared to its average volume of 285,809. 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, Inc. has a twelve month low of $30.75 and a twelve month high of $42.75. The stock has a market cap of $1,948.82, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.64 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, Inc. will post 2.44 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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