Great West Life Assurance Co. Can Has $152,000 Position in HSN Inc. (HSNI)
Great West Life Assurance Co. Can continued to hold its stake in HSN Inc. (NASDAQ:HSNI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,913 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in HSN were worth $152,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of HSNI. Emerald Acquisition Ltd. bought a new stake in HSN during the second quarter worth about $13,066,000. Rothschild Asset Management Inc. increased its stake in HSN by 1.9% in the second quarter. Rothschild Asset Management Inc. now owns 62,516 shares of the company’s stock valued at $3,059,000 after buying an additional 1,141 shares in the last quarter. State Treasurer State of Michigan increased its stake in HSN by 0.8% in the second quarter. State Treasurer State of Michigan now owns 12,800 shares of the company’s stock valued at $626,000 after buying an additional 100 shares in the last quarter. Suntrust Banks Inc. increased its stake in HSN by 7.8% in the second quarter. Suntrust Banks Inc. now owns 77,268 shares of the company’s stock valued at $3,780,000 after buying an additional 5,566 shares in the last quarter. Finally, Societe Generale acquired a new stake in HSN during the second quarter valued at $500,000. 63.67% of the stock is owned by institutional investors.
Shares of HSN Inc. (NASDAQ:HSNI) traded up 1.08% during trading on Wednesday, hitting $38.53. 391,515 shares of the company traded hands. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 13.74 and a beta of 0.90. HSN Inc. has a 52 week low of $37.34 and a 52 week high of $63.44. The company has a 50 day moving average price of $43.34 and a 200 day moving average price of $49.48.
HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. HSN’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.81 earnings per share. On average, analysts expect that HSN Inc. will post $3.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, September 2nd. This represents a $1.40 annualized dividend and a yield of 3.63%. HSN’s payout ratio is 50.00%.
HSNI has been the subject of several recent research reports. Maxim Group initiated coverage on shares of HSN in a research note on Thursday, June 9th. They issued a “buy” rating and a $66.00 price target for the company. Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Wunderlich lowered their price target on shares of HSN from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, July 25th. TheStreet raised shares of HSN from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Finally, FBR & Co lowered their price target on shares of HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $58.63.
In related news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $43.62, for a total transaction of $174,480.00. Following the completion of the transaction, the director now directly owns 59,669 shares of the company’s stock, valued at $2,602,761.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
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.
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