HSN Inc. (HSNI) Receives $46.86 Consensus Target Price from Brokerages
Shares of HSN Inc. (NASDAQ:HSNI) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.86.
Several equities research analysts have issued reports on the company. Wunderlich dropped their price target on HSN from $68.00 to $62.00 and set a “buy” rating for the company 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. FBR & Co dropped their price target on HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a research note on Friday, August 5th. Maxim Group dropped their price target on HSN from $66.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Finally, Citigroup Inc. lowered 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.
In related news, Director Thomas Mcinerney sold 4,000 shares of the business’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 transaction, the director now owns 53,669 shares in the company, valued at approximately $2,335,138.19. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HSNI. Fuller & Thaler Asset Management Inc. purchased a new position in HSN during the second quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in HSN by 308.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,009 shares of the company’s stock worth $120,000 after buying an additional 2,273 shares during the period. Pacer Advisors Inc. purchased a new position in HSN during the second quarter worth $157,000. CrestPoint Capital Management LLC purchased a new position in HSN during the third quarter worth $211,000. Finally, Thrivent Financial for Lutherans increased its position 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 during the period. Institutional investors own 63.49% of the company’s stock.
Shares of HSN (NASDAQ:HSNI) opened at 38.85 on Monday. The firm has a market cap of $2.03 billion, a PE ratio of 15.27 and a beta of 1.12. HSN has a 1-year low of $30.75 and a 1-year high of $55.87. The company’s 50-day moving average price is $37.92 and its 200 day moving average price is $45.08.
HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $836.02 million. During the same period last year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that HSN will post $2.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Wednesday, December 7th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.60%. HSN’s dividend payout ratio is presently 55.12%.
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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