HSN Inc. (HSNI) Lowered to “Hold” at Craig Hallum
HSN Inc. (NASDAQ:HSNI) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Monday.
HSNI has been the topic of a number of other reports. Bank of America Corp. initiated coverage on shares of HSN in a report on Tuesday, September 20th. They set an “underperform” rating on the stock. Citigroup Inc. decreased their price objective on shares of HSN from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, September 15th. Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. TheStreet downgraded shares of HSN from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Finally, Axiom Securities decreased their price objective on shares of HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.38.
HSN (NASDAQ:HSNI) opened at 39.74 on Monday. The company’s 50 day moving average is $40.89 and its 200-day moving average is $48.22. HSN has a 1-year low of $37.34 and a 1-year high of $63.44. The stock has a market capitalization of $2.08 billion, a PE ratio of 14.17 and a beta of 1.04.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. HSN had a net margin of 4.10% and a return on equity of 117.99%. The firm had revenue of $854.30 million for the quarter, compared to the consensus estimate of $871.23 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Analysts forecast that HSN will post $3.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, September 2nd. HSN’s dividend payout ratio is currently 50.00%.
In other news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the transaction, the director now directly owns 53,669 shares of the company’s stock, valued at $2,335,138.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in HSNI. Metropolitan Life Insurance Co. NY boosted its stake in HSN by 1.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,163 shares of the company’s stock valued at $2,729,000 after buying an additional 722 shares during the last quarter. Renaissance Technologies LLC boosted its stake in HSN by 4,208.7% in the first quarter. Renaissance Technologies LLC now owns 297,300 shares of the company’s stock valued at $15,552,000 after buying an additional 290,400 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in HSN by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 229,429 shares of the company’s stock valued at $12,001,000 after buying an additional 1,492 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in HSN by 141.3% in the first quarter. UBS Asset Management Americas Inc. now owns 112,446 shares of the company’s stock valued at $5,882,000 after buying an additional 65,842 shares during the last quarter. Finally, Scotia Capital Inc. purchased a new stake in HSN during the first quarter valued at about $357,000. Hedge funds and other institutional investors own 63.67% of the company’s stock.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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