HSN (HSNI) Receiving Somewhat Positive News Coverage, Report Finds
Press coverage about HSN (NASDAQ:HSNI) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. HSN earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 46.1590978617273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
HSNI has been the subject of a number of recent research reports. Maxim Group set a $61.00 price objective on HSN and gave the stock a “buy” rating in a research report on Friday, July 7th. Aegis raised HSN from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Craig Hallum set a $40.00 target price on HSN and gave the stock a “hold” rating in a research note on Thursday, May 4th. ValuEngine downgraded HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.38.
Shares of HSN (NASDAQ HSNI) traded up 0.41% during trading on Wednesday, hitting $36.35. The stock had a trading volume of 177,651 shares. The firm has a market cap of $1.90 billion, a P/E ratio of 16.30 and a beta of 1.34. The firm’s 50-day moving average is $38.09 and its 200-day moving average is $36.09. HSN has a one year low of $30.75 and a one year high of $43.93.
HSN (NASDAQ:HSNI) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a net margin of 3.36% and a return on equity of 64.60%. The business had revenue of $821.40 million for the quarter, compared to analysts’ expectations of $831.18 million. During the same period in the prior year, the firm earned $0.74 earnings per share. HSN’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts forecast that HSN will post $2.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.40 annualized dividend and a dividend yield of 3.87%. HSN’s dividend payout ratio (DPR) is currently 63.06%.
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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.
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