B. Riley Reiterates Neutral Rating for HSN, Inc. (HSNI)
HSN, Inc. (NASDAQ:HSNI)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a note issued to investors on Thursday.
Other research analysts have also recently issued reports about the company. Maxim Group set a $61.00 price target on HSN and gave the company a “buy” rating in a research report on Friday, July 7th. Aegis reduced their price target on HSN from $39.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 6th. Zacks Investment Research upgraded HSN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. FBR & Co lifted their price target on HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 12th. Finally, Sidoti cut HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.00.
Shares of HSN (NASDAQ:HSNI) traded down $0.20 during trading hours on Thursday, reaching $37.20. 231,902 shares of the company were exchanged, compared to its average volume of 330,394. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.57 and a quick ratio of 0.66. HSN has a 12-month low of $30.75 and a 12-month high of $42.75. The company has a market capitalization of $1,950.00, a PE ratio of 15.78, a PEG ratio of 1.69 and a beta of 1.38.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $821.40 million during 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%. HSN’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. equities analysts anticipate that HSN will post 2.39 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/b-riley-reiterates-neutral-rating-for-hsn-inc-hsni/1678126.html.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of HSN by 2.9% in the second quarter. BlackRock Inc. now owns 3,334,104 shares of the specialty retailer’s stock worth $106,357,000 after acquiring an additional 93,621 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of HSN by 3.6% in the second quarter. Vanguard Group Inc. now owns 2,779,690 shares of the specialty retailer’s stock worth $88,673,000 after acquiring an additional 97,182 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of HSN by 2.8% in the second quarter. Eagle Asset Management Inc. now owns 1,478,595 shares of the specialty retailer’s stock worth $47,167,000 after acquiring an additional 40,011 shares during the last quarter. State Street Corp boosted its stake in HSN by 6.0% during the second quarter. State Street Corp now owns 1,210,032 shares of the specialty retailer’s stock worth $38,604,000 after buying an additional 68,075 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in HSN by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 989,913 shares of the specialty retailer’s stock worth $31,578,000 after buying an additional 84,636 shares during the last quarter. 57.80% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.