HSN Inc. (NASDAQ:HSNI) – Stock analysts at Craig Hallum dropped their Q3 2016 earnings estimates for shares of HSN in a research note issued on Monday. Craig Hallum analyst A. Fuhrman now anticipates that the brokerage will earn $0.49 per share for the quarter, down from their prior forecast of $0.52. Craig Hallum has a “Hold” rating and a $42.00 price target on the stock. Craig Hallum also issued estimates for HSN’s FY2016 earnings at $2.90 EPS, Q1 2017 earnings at $0.54 EPS and Q3 2017 earnings at $0.51 EPS.

Several other equities research analysts have also commented on HSNI. Zacks Investment Research lowered HSN from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Wunderlich dropped their price target on HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. TheStreet raised HSN from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Maxim Group dropped their price target on HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Finally, FBR & Co dropped their price target on HSN from $53.00 to $51.00 and set a “mkt perform” rating on the stock in a research note on Friday, August 5th. 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 company. HSN presently has a consensus rating of “Hold” and an average price target of $55.67.

Earnings History and Estimates for HSN (NASDAQ:HSNI)

HSN (NASDAQ:HSNI) opened at 38.18 on Wednesday. The stock’s 50 day moving average price is $40.33 and its 200 day moving average price is $47.84. HSN has a 52 week low of $37.34 and a 52 week high of $63.44. The company has a market capitalization of $2.00 billion, a P/E ratio of 13.62 and a beta of 1.04.

HSN (NASDAQ:HSNI) last issued its earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. HSN had a return on equity of 117.99% and a net margin of 4.10%. The company earned $854.30 million during the quarter, compared to the consensus estimate of $871.23 million. During the same period in the previous year, the company posted $0.81 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in HSN during the third quarter valued at about $322,000. Eagle Asset Management Inc. boosted its stake in HSN by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 799,429 shares of the company’s stock valued at $31,817,000 after buying an additional 33,019 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in HSN by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,115 shares of the company’s stock valued at $442,000 after buying an additional 220 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in HSN during the second quarter valued at about $712,000. Finally, Royal Bank of Canada boosted its stake in HSN by 1.2% in the second quarter. Royal Bank of Canada now owns 80,697 shares of the company’s stock valued at $3,949,000 after buying an additional 920 shares during the last quarter. 63.67% of the stock is currently owned by institutional investors.

In related news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $43.51, for a total value of $174,040.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 3.67%. HSN’s payout ratio is presently 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.

5 Day Chart for NASDAQ:HSNI

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