Eagle Asset Management Inc. Buys 2,660 Shares of HSN, Inc. (HSNI)
Eagle Asset Management Inc. increased its stake in HSN, Inc. (NASDAQ:HSNI) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,481,255 shares of the specialty retailer’s stock after purchasing an additional 2,660 shares during the quarter. Eagle Asset Management Inc. owned approximately 2.83% of HSN worth $58,731,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. PineView Asset Management LP raised its holdings in HSN by 206.0% during the second quarter. PineView Asset Management LP now owns 956,256 shares of the specialty retailer’s stock valued at $30,505,000 after acquiring an additional 643,765 shares during the period. Victory Capital Management Inc. raised its holdings in HSN by 4,102.0% during the third quarter. Victory Capital Management Inc. now owns 499,324 shares of the specialty retailer’s stock valued at $19,498,000 after acquiring an additional 487,441 shares during the period. Koch Industries Inc. raised its holdings in HSN by 6,451.3% during the second 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. Marshall Wace North America L.P. raised its holdings in HSN by 127.6% during the second quarter. Marshall Wace North America L.P. now owns 385,417 shares of the specialty retailer’s stock valued at $12,333,000 after acquiring an additional 216,094 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in HSN during the third quarter valued at about $8,368,000. 52.81% of the stock is currently owned by institutional investors.
Shares of HSN, Inc. (HSNI) opened at $41.35 on Monday. HSN, Inc. has a twelve month low of $30.90 and a twelve month high of $42.75. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.53 and a quick ratio of 0.60. The stock has a market capitalization of $2,168.19, a PE ratio of 18.63, a PEG ratio of 1.90 and a beta of 1.38.
HSN (NASDAQ:HSNI) last issued its earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). HSN had a return on equity of 56.55% and a net margin of 3.29%. The firm had revenue of $782.56 million during the quarter, compared to the consensus estimate of $804.04 million. During the same period last year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. research analysts anticipate that HSN, Inc. will post 2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $1.40 annualized dividend and a dividend yield of 3.39%. HSN’s dividend payout ratio (DPR) is 65.12%.
HSNI has been the topic of a number of recent analyst reports. Zacks Investment Research cut HSN from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. B. Riley reissued a “neutral” rating on shares of HSN in a report on Thursday, November 2nd. BidaskClub cut HSN from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, UBS AG decreased their price target on HSN from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. HSN has an average rating of “Hold” and a consensus target price of $43.00.
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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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