Traders Buy HSN (HSNI) on Weakness

Investors purchased shares of HSN, Inc. (NASDAQ:HSNI) on weakness during trading hours on Monday. $285.93 million flowed into the stock on the tick-up and $8.69 million flowed out of the stock on the tick-down, for a money net flow of $277.24 million into the stock. Of all equities tracked, HSN had the highest net in-flow for the day. HSN traded down ($1.60) for the day and closed at $40.35

Several equities analysts have commented on the stock. B. Riley reissued a “hold” rating and issued a $36.00 target price on shares of HSN in a report on Thursday, November 9th. UBS Group decreased their target price on shares of HSN from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Zacks Investment Research lowered shares of HSN from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, BidaskClub raised shares of HSN from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. HSN has an average rating of “Hold” and a consensus target price of $43.00.

The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.60 and a current ratio of 1.53. The company has a market cap of $2,116.58, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.64 and a beta of 1.41.

HSN (NASDAQ:HSNI) last released its earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.07). The firm 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%. HSN’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. sell-side analysts forecast that HSN, Inc. will post 2.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, December 6th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, December 5th. HSN’s dividend payout ratio (DPR) is presently 65.12%.

Several institutional investors have recently made changes to their positions in HSNI. PineView Asset Management LP grew its holdings in shares of HSN by 206.0% during the 2nd quarter. PineView Asset Management LP now owns 956,256 shares of the specialty retailer’s stock valued at $30,505,000 after purchasing an additional 643,765 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of HSN during the 3rd quarter valued at approximately $20,796,000. Magnetar Financial LLC bought a new stake in shares of HSN during the 3rd quarter valued at approximately $19,676,000. Victory Capital Management Inc. grew its holdings in shares of HSN by 4,102.0% during the 3rd quarter. Victory Capital Management Inc. now owns 499,324 shares of the specialty retailer’s stock valued at $19,498,000 after purchasing an additional 487,441 shares during the last quarter. Finally, Koch Industries Inc. grew its holdings in shares of HSN by 6,451.3% during the 2nd quarter. Koch Industries Inc. now owns 383,449 shares of the specialty retailer’s stock valued at $372,000 after purchasing an additional 377,596 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors.

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About HSN

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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