APG Asset Management N.V. Invests $1.59 Million in HSN, Inc. (HSNI) Stock
APG Asset Management N.V. acquired a new stake in HSN, Inc. (NASDAQ:HSNI) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 47,400 shares of the specialty retailer’s stock, valued at approximately $1,593,000. APG Asset Management N.V. owned about 0.09% of HSN as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Thrivent Financial For Lutherans grew its position in shares of HSN by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock valued at $206,000 after acquiring an additional 440 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of HSN by 47.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 7,180 shares of the specialty retailer’s stock valued at $280,000 after acquiring an additional 2,300 shares during the period. Verition Fund Management LLC bought a new position in shares of HSN during the 2nd quarter valued at approximately $333,000. Dynamic Technology Lab Private Ltd grew its position in shares of HSN by 54.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 11,468 shares of the specialty retailer’s stock valued at $366,000 after acquiring an additional 4,044 shares during the period. Finally, Koch Industries Inc. grew its position in shares of HSN by 6,451.3% during the 2nd quarter. Koch Industries Inc. now owns 383,449 shares of the specialty retailer’s stock valued at $372,000 after acquiring an additional 377,596 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.
A number of research firms have recently weighed in on HSNI. B. Riley reissued a “hold” rating on shares of HSN in a research report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. UBS Group reduced their target price on shares of HSN from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of HSN from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. HSN currently has a consensus rating of “Hold” and a consensus target price of $43.17.
HSN (NASDAQ:HSNI) last released its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). The business had revenue of $782.56 million during the quarter, compared to the consensus estimate of $804.04 million. HSN had a return on equity of 30.12% and a net margin of 2.07%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. equities analysts anticipate that HSN, Inc. will post 2.32 EPS for the current year.
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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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