HSN, Inc. (HSNI) PT Lowered to $45.00
HSN, Inc. (NASDAQ:HSNI) had its target price decreased by investment analysts at UBS AG from $46.00 to $45.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the specialty retailer’s stock. UBS AG’s target price indicates a potential upside of 13.21% from the company’s current price.
HSNI has been the subject of several other reports. BidaskClub cut HSN from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. B. Riley reiterated a “neutral” rating on shares of HSN in a research report on Thursday, November 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. HSN has a consensus rating of “Hold” and a consensus target price of $43.00.
HSN (HSNI) traded up $1.05 during trading hours on Thursday, reaching $39.75. The company’s stock had a trading volume of 249,400 shares, compared to its average volume of 511,850. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 2.02. HSN has a twelve month low of $30.90 and a twelve month high of $42.75. The stock has a market capitalization of $2,029.22, a P/E ratio of 17.43, a P/E/G ratio of 1.77 and a beta of 1.38.
HSN (NASDAQ:HSNI) last released its earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The firm had revenue of $782.56 million during the quarter, compared to analysts’ expectations of $804.04 million. HSN had a return on equity of 56.55% and a net margin of 3.29%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. analysts forecast that HSN will post 2.35 EPS for the current year.
A number of institutional investors have recently bought and sold shares of HSNI. US Bancorp DE grew its position in HSN by 0.4% during the second quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock worth $139,000 after buying an additional 19 shares in the last quarter. First Mercantile Trust Co. grew its position in HSN by 70.4% during the second quarter. First Mercantile Trust Co. now owns 4,600 shares of the specialty retailer’s stock worth $147,000 after buying an additional 1,900 shares in the last quarter. North Star Investment Management Corp. grew its position in HSN by 124.1% during the second quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock worth $182,000 after buying an additional 3,165 shares in the last quarter. Thrivent Financial For Lutherans grew its position in HSN by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock worth $206,000 after buying an additional 440 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new position in HSN during the second quarter worth about $239,000. Institutional investors and hedge funds own 58.15% of the company’s stock.
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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