Research Analysts Offer Predictions for HSN Inc.’s Q4 2016 Earnings (HSNI)
HSN Inc. (NASDAQ:HSNI) – Equities researchers at Craig Hallum lowered their Q4 2016 EPS estimates for HSN in a report issued on Monday. Craig Hallum analyst A. Fuhrman now forecasts that the firm will earn $1.13 per share for the quarter, down from their prior estimate of $1.20. Craig Hallum has a “Hold” rating and a $42.00 price objective on the stock. Craig Hallum also issued estimates for HSN’s Q2 2017 earnings at $0.77 EPS, Q4 2017 earnings at $1.17 EPS and FY2017 earnings at $3.00 EPS.
HSN (NASDAQ:HSNI) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.74 EPS for the quarter, beating 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 company earned $854.30 million during the quarter, compared to the consensus estimate of $871.23 million. During the same quarter in the prior year, the firm earned $0.81 EPS. HSN’s quarterly revenue was down 3.5% on a year-over-year basis.
Several other analysts also recently weighed in on the stock. Citigroup Inc. downgraded shares of HSN from a “buy” rating to a “neutral” rating and lowered their target price for the company from $53.00 to $43.00 in a report on Thursday, October 6th. Bank of America Corp. began coverage on shares of HSN in a report on Tuesday, September 20th. They issued an “underperform” rating on the stock. Sidoti lowered their target price on shares of HSN from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, September 14th. TheStreet downgraded shares of HSN from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Finally, Axiom Securities lowered their target price 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.67.
HSN (NASDAQ:HSNI) traded down 1.50% during mid-day trading on Thursday, hitting $38.13. 147,385 shares of the stock traded hands. HSN has a 12-month low of $37.34 and a 12-month high of $63.44. The firm’s 50-day moving average is $40.48 and its 200-day moving average is $47.91. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 13.60 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Friday, September 2nd. HSN’s payout ratio is currently 50.00%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $43.51, for a total transaction of $174,040.00. Following the completion of the transaction, the director now owns 53,669 shares in the company, valued at $2,335,138.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of HSN by 65.6% in the second quarter. FMR LLC now owns 3,240,299 shares of the company’s stock worth $158,547,000 after buying an additional 1,283,347 shares during the last quarter. Vanguard Group Inc. raised its position in HSN by 2.0% in the second quarter. Vanguard Group Inc. now owns 2,285,671 shares of the company’s stock worth $111,839,000 after buying an additional 44,343 shares in the last quarter. BlackRock Fund Advisors raised its position in HSN by 0.9% in the second quarter. BlackRock Fund Advisors now owns 1,562,174 shares of the company’s stock worth $76,437,000 after buying an additional 13,707 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in HSN by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 934,153 shares of the company’s stock worth $45,708,000 after buying an additional 12,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in HSN by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 897,737 shares of the company’s stock worth $43,925,000 after buying an additional 166,996 shares in the last quarter. Institutional investors own 63.67% of the company’s stock.
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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