Brokerages Set HSN Inc. (HSNI) Target Price at $55.33
Shares of HSN Inc. (NASDAQ:HSNI) have received an average recommendation of “Hold” from the twelve research firms that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.43.
HSNI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of HSN from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Wunderlich cut their price objective on shares of HSN from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, July 25th. TheStreet upgraded shares of HSN from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Maxim Group cut their price objective on shares of HSN from $66.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Finally, FBR & Co cut their price objective on shares of HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a research report on Friday, August 5th.
In other news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the completion of the transaction, the director now 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 available at the SEC website. 2.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in HSN by 65.6% in the second quarter. FMR LLC now owns 3,240,299 shares of the company’s stock valued at $158,547,000 after buying an additional 1,283,347 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of HSN during the second quarter worth about $27,841,000. Point72 Asset Management L.P. purchased a new position in shares of HSN during the second quarter worth about $15,560,000. Renaissance Technologies LLC increased its position in shares of HSN by 4,208.7% in the first quarter. Renaissance Technologies LLC now owns 297,300 shares of the company’s stock worth $15,552,000 after buying an additional 290,400 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of HSN during the second quarter worth about $13,066,000. 63.67% of the stock is owned by institutional investors and hedge funds.
HSN (NASDAQ:HSNI) opened at 38.71 on Monday. HSN has a 1-year low of $37.34 and a 1-year high of $63.44. The stock has a market capitalization of $2.02 billion, a PE ratio of 13.81 and a beta of 1.04. The company’s 50 day moving average is $40.48 and its 200-day moving average is $47.91.
HSN (NASDAQ:HSNI) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. During the same period last year, the business earned $0.81 earnings per share. HSN’s 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 disclosed 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 3.62%. The ex-dividend date was Friday, September 2nd. HSN’s payout ratio is 50.00%.
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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