California Public Employees Retirement System decreased its stake in shares of HSN Inc. (NASDAQ:HSNI) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,400 shares of the company’s stock after selling 2,200 shares during the period. California Public Employees Retirement System owned 0.20% of HSN worth $4,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Societe Generale purchased a new stake in shares of HSN during the second quarter valued at $500,000. Oregon Public Employees Retirement Fund increased its stake in shares of HSN by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,895 shares of the company’s stock valued at $533,000 after buying an additional 259 shares in the last quarter. New Jersey Better Educational Savings Trust increased its stake in shares of HSN by 11.1% in the second quarter. New Jersey Better Educational Savings Trust now owns 10,000 shares of the company’s stock valued at $489,000 after buying an additional 1,000 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of HSN by 10.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 420,000 shares of the company’s stock valued at $20,551,000 after buying an additional 40,000 shares in the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of HSN by 15.2% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 80,837 shares of the company’s stock valued at $3,955,000 after buying an additional 10,686 shares in the last quarter. Institutional investors and hedge funds own 61.45% of the company’s stock.

Institutional Ownership by Quarter for HSN (NASDAQ:HSNI)

HSN Inc. (NASDAQ:HSNI) traded down 3.43% during mid-day trading on Tuesday, hitting $39.40. 506,307 shares of the stock were exchanged. The company has a 50 day moving average of $37.94 and a 200 day moving average of $44.45. The firm has a market cap of $2.06 billion, a P/E ratio of 15.48 and a beta of 1.12. HSN Inc. has a 12-month low of $30.75 and a 12-month high of $55.87.

HSN (NASDAQ:HSNI) last posted its earnings results on Monday, November 7th. The company reported $0.52 EPS 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 earned $823 million during the quarter, compared to analyst estimates of $836.02 million. During the same period in the previous year, the company earned $0.70 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities analysts anticipate that HSN Inc. will post $2.57 earnings per share for the current fiscal year.

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 given a $0.35 dividend. 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 3.55%. HSN’s payout ratio is currently 55.12%.

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HSNI has been the topic of several recent analyst reports. TheStreet raised shares of HSN from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. FBR & Co reduced their price target on shares of HSN from $53.00 to $51.00 and set a “mkt perform” rating on the stock in a research note on Friday, August 5th. Maxim Group reduced their price target on shares of HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Citigroup Inc. reduced their price target on shares of HSN from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Finally, Axiom Securities reduced their price target on shares of HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. 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. The company presently has a consensus rating of “Hold” and an average target price of $47.88.

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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