SG Americas Securities LLC Cuts Position in HSN, Inc. (HSNI)
SG Americas Securities LLC decreased its holdings in HSN, Inc. (NASDAQ:HSNI) by 35.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,369 shares of the specialty retailer’s stock after selling 2,366 shares during the period. SG Americas Securities LLC’s holdings in HSN were worth $139,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in HSN by 23,031.4% in the first quarter. BlackRock Inc. now owns 3,240,483 shares of the specialty retailer’s stock valued at $120,222,000 after buying an additional 3,226,474 shares during the period. Vanguard Group Inc. raised its holdings in HSN by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,682,508 shares of the specialty retailer’s stock valued at $99,521,000 after buying an additional 209,968 shares during the period. State Street Corp raised its holdings in HSN by 0.4% in the first quarter. State Street Corp now owns 1,141,957 shares of the specialty retailer’s stock valued at $42,365,000 after buying an additional 4,452 shares during the period. FMR LLC raised its holdings in HSN by 0.8% in the first quarter. FMR LLC now owns 876,315 shares of the specialty retailer’s stock valued at $32,512,000 after buying an additional 7,220 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in HSN by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 782,342 shares of the specialty retailer’s stock valued at $29,025,000 after buying an additional 36,456 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.
Shares of HSN, Inc. (HSNI) opened at 39.20 on Monday. The firm has a market cap of $2.05 billion, a P/E ratio of 17.58 and a beta of 1.34. The firm has a 50-day moving average of $37.18 and a 200 day moving average of $36.08. HSN, Inc. has a 12 month low of $30.75 and a 12 month high of $42.75.
HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm had revenue of $821.40 million during the quarter, compared to analyst estimates of $831.18 million. During the same period in the previous year, the company earned $0.74 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that HSN, Inc. will post $2.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Wednesday, September 6th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.40 annualized dividend and a yield of 3.57%. HSN’s dividend payout ratio (DPR) is currently 63.06%.
Several research analysts recently commented on HSNI shares. BidaskClub upgraded shares of HSN from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. ValuEngine lowered shares of HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Sidoti lowered shares of HSN from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Finally, Maxim Group set a $61.00 price target on shares of HSN and gave the company a “buy” rating in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $44.71.
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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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