Louisiana State Employees Retirement System increased its stake in HSN, Inc. (NASDAQ:HSNI) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 8,300 shares of the specialty retailer’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in HSN were worth $265,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HSNI. First Mercantile Trust Co. increased its stake in shares of HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. Advantus Capital Management Inc increased its stake in shares of HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 228 shares in the last quarter. US Bancorp DE increased its stake in shares of HSN by 5.5% in the first quarter. US Bancorp DE now owns 4,326 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 226 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 18 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of HSN during the first quarter valued at $217,000. 58.54% of the stock is owned by hedge funds and other institutional investors.

HSN, Inc. (HSNI) traded up 0.29% during midday trading on Friday, reaching $35.05. The company’s stock had a trading volume of 584,505 shares. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.72 and a beta of 1.34. The company’s 50-day moving average price is $37.88 and its 200-day moving average price is $36.06. HSN, Inc. has a 1-year low of $30.75 and a 1-year high of $44.24.

HSN (NASDAQ:HSNI) last announced its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The business had revenue of $821.40 million during the quarter, compared to analyst estimates of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, analysts predict that HSN, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.40 annualized dividend and a dividend yield of 4.01%. HSN’s dividend payout ratio (DPR) is 63.06%.

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Several equities research analysts recently weighed in on HSNI shares. Maxim Group set a $61.00 price target on HSN and gave the stock a “buy” rating in a report on Friday, July 7th. Aegis raised HSN from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Craig Hallum set a $40.00 target price on HSN and gave the company a “hold” rating in a report on Thursday, May 4th. ValuEngine downgraded HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.38.

HSN Company Profile

HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.

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Institutional Ownership by Quarter for HSN (NASDAQ:HSNI)

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