FY2016 EPS Estimates for HSN Inc. Reduced by Analyst (HSNI)
HSN Inc. (NASDAQ:HSNI) – Research analysts at FBR & Co reduced their FY2016 EPS estimates for HSN in a research note issued to investors on Tuesday. FBR & Co analyst B. Crockett now forecasts that the brokerage will earn $2.55 per share for the year, down from their previous estimate of $2.83. FBR & Co currently has a “Market Perform” rating and a $34.00 target price on the stock. FBR & Co also issued estimates for HSN’s FY2017 earnings at $3.11 EPS, FY2018 earnings at $3.22 EPS, FY2019 earnings at $3.35 EPS and FY2020 earnings at $3.48 EPS.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. HSN had a net margin of 3.76% and a return on equity of 100.35%. The company had revenue of $823 million for the quarter, compared to the consensus estimate of $836.02 million. During the same period last year, the business earned $0.70 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis.
Other research analysts have also issued research reports about the company. Maxim Group dropped their target price on HSN from $66.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Citigroup Inc. dropped their target price on HSN from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Wunderlich dropped their target price on HSN from $62.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, November 1st. Sidoti dropped their target price on HSN from $62.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, September 14th. Finally, Axiom Securities dropped their target price on HSN from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. HSN has a consensus rating of “Hold” and an average price target of $47.88.
HSN (NASDAQ:HSNI) opened at 37.00 on Wednesday. The company’s 50-day moving average price is $37.99 and its 200-day moving average price is $45.57. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 13.20 and a beta of 1.12. HSN has a 52-week low of $30.75 and a 52-week high of $55.87.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Wednesday, December 7th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.78%. HSN’s dividend payout ratio is currently 55.12%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $43.51, for a total transaction of $174,040.00. Following the completion of the sale, the director now owns 53,669 shares in the company, valued at $2,335,138.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of HSNI. Fuller & Thaler Asset Management Inc. bought a new stake in HSN during the second quarter worth $108,000. Pacer Advisors Inc. bought a new stake in HSN during the second quarter worth $157,000. Magnetar Financial LLC bought a new stake in HSN during the first quarter worth $233,000. Thrivent Financial for Lutherans raised its stake in HSN by 10.8% in the second quarter. Thrivent Financial for Lutherans now owns 4,500 shares of the company’s stock worth $220,000 after buying an additional 440 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in HSN by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,765 shares of the company’s stock worth $233,000 after buying an additional 574 shares in the last quarter. Institutional investors own 62.42% 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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