Equities Analysts Issue Forecasts for HSN Inc.’s Q4 2016 Earnings (HSNI)
HSN Inc. (NASDAQ:HSNI) – FBR & Co reduced their Q4 2016 earnings estimates for shares of HSN in a note issued to investors on Tuesday. FBR & Co analyst B. Crockett now forecasts that the firm will earn $0.90 per share for the quarter, down from their prior forecast of $1.14. FBR & Co currently has a “Market Perform” rating and a $34.00 target price on the stock.
HSN (NASDAQ:HSNI) last issued its earnings results on Monday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.04. HSN had a return on equity of 100.35% and a net margin of 3.76%. The firm had revenue of $823 million for the quarter, compared to analysts’ expectations of $836.02 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.
Other research analysts have also recently issued research reports about the company. Citigroup Inc. decreased their target price on HSN from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Axiom Securities decreased their price target on HSN from $66.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Maxim Group decreased their price target on HSN from $66.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, August 5th. TheStreet upgraded HSN from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Finally, Wunderlich decreased their price target on HSN from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. HSN presently has an average rating of “Hold” and a consensus target price of $47.88.
Shares of HSN (NASDAQ:HSNI) opened at 37.90 on Thursday. HSN has a one year low of $30.75 and a one year high of $55.87. The stock’s 50 day moving average price is $37.94 and its 200-day moving average price is $45.46. The stock has a market cap of $1.98 billion, a PE ratio of 14.89 and a beta of 1.12.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, December 5th. HSN’s dividend payout ratio (DPR) is presently 55.12%.
In other 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 transaction of $174,040.00. Following the completion of the sale, the director now directly owns 53,669 shares of the company’s stock, valued at approximately $2,335,138.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.
Several large investors have recently bought and sold shares of the company. FMR LLC increased its stake in 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 period. Deprince Race & Zollo Inc. purchased a new stake in HSN during the second quarter worth $27,841,000. Point72 Asset Management L.P. purchased a new stake in HSN during the second quarter worth $15,560,000. Renaissance Technologies LLC increased 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 worth $15,552,000 after buying an additional 290,400 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in HSN during the second quarter worth $13,066,000. 62.42% of the stock is owned by institutional investors.
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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