Citigroup Inc. Trims HSN Inc. (HSNI) Target Price to $53.00
HSNI has been the topic of a number of other research reports. TheStreet downgraded HSN from a buy rating to a hold rating in a research report on Wednesday, August 24th. Zacks Investment Research downgraded HSN from a hold rating to a sell rating in a research report on Tuesday, July 5th. Axiom Securities lowered their target price on HSN from $66.00 to $57.00 and set a buy rating on the stock in a research report on Monday, August 8th. Wunderlich lowered their price target on HSN from $68.00 to $62.00 and set a buy rating on the stock in a research report on Monday, July 25th. Finally, Sidoti lowered their price target on HSN from $62.00 to $58.00 and set a buy rating on the stock in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $58.63.
HSN (NASDAQ:HSNI) opened at 40.50 on Thursday. The company has a 50-day moving average of $43.75 and a 200 day moving average of $49.59. HSN has a 1-year low of $39.91 and a 1-year high of $63.44. The stock has a market cap of $2.12 billion, a P/E ratio of 14.44 and a beta of 0.90.
HSN (NASDAQ:HSNI) last released its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $854.30 million for the quarter, compared to the consensus estimate of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. HSN’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Analysts predict that HSN will post $3.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, September 2nd. HSN’s payout ratio is 50.00%.
In other news, Director Thomas Mcinerney sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $43.62, for a total value of $174,480.00. Following the transaction, the director now owns 59,669 shares of the company’s stock, valued at $2,602,761.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in HSN during the second quarter valued at approximately $108,000. Pacer Advisors Inc. bought a new stake in shares of HSN during the second quarter valued at about $157,000. Thrivent Financial for Lutherans boosted its stake in shares of HSN by 10.8% in the second quarter. Thrivent Financial for Lutherans now owns 4,500 shares of the company’s stock valued at $220,000 after buying an additional 440 shares during the period. Magnetar Financial LLC bought a new stake in shares of HSN during the first quarter valued at about $233,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of HSN by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,765 shares of the company’s stock valued at $233,000 after buying an additional 574 shares during the period. 63.82% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for HSN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.