HSN, Inc. (HSNI) Position Maintained by Zurich Insurance Group Ltd FI
Zurich Insurance Group Ltd FI held its stake in shares of HSN, Inc. (NASDAQ:HSNI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,400 shares of the specialty retailer’s stock at the end of the 2nd quarter. Zurich Insurance Group Ltd FI’s holdings in HSN were worth $810,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its position in shares of HSN by 0.4% during the 2nd quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 19 shares in the last quarter. P Schoenfeld Asset Management LP bought a new stake in shares of HSN during the 2nd quarter valued at about $4,785,000. FFT Wealth Management LLC boosted its position in shares of HSN by 13.5% during the 2nd quarter. FFT Wealth Management LLC now owns 161,930 shares of the specialty retailer’s stock valued at $5,166,000 after purchasing an additional 19,264 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of HSN by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the specialty retailer’s stock valued at $265,000 after purchasing an additional 200 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of HSN by 56.9% during the 2nd quarter. Jennison Associates LLC now owns 18,675 shares of the specialty retailer’s stock valued at $596,000 after purchasing an additional 6,769 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.
HSN, Inc. (NASDAQ:HSNI) opened at 36.85 on Wednesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 16.52 and a beta of 1.33. The firm has a 50-day moving average price of $37.75 and a 200 day moving average price of $36.33. HSN, Inc. has a one year low of $30.75 and a one year high of $42.75.
HSN (NASDAQ:HSNI) last posted 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 for the quarter, compared to analysts’ expectations of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. Equities analysts expect that HSN, Inc. will post $2.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.40 annualized dividend and a yield of 3.80%. HSN’s payout ratio is 63.06%.
Several brokerages recently commented on HSNI. Maxim Group set a $61.00 target price on HSN and gave the company a “buy” rating in a research report on Friday, July 7th. Sidoti lowered HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. FBR & Co upped their target price on HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 12th. BidaskClub lowered HSN from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded HSN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.00.
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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