HSN, Inc. (HSNI) Shares Bought by Eagle Asset Management Inc.
Eagle Asset Management Inc. increased its stake in HSN, Inc. (NASDAQ:HSNI) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,478,595 shares of the specialty retailer’s stock after buying an additional 40,011 shares during the period. Eagle Asset Management Inc. owned about 2.82% of HSN worth $47,167,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in HSNI. First Mercantile Trust Co. increased its position in HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 500 shares during the period. US Bancorp DE increased its position in HSN by 0.4% in the second quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 19 shares during the period. Advantus Capital Management Inc increased its position in HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 228 shares during the period. North Star Investment Management Corp. increased its position in HSN by 124.1% in the second quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 3,165 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its position in HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 18 shares during the period. 57.88% of the stock is currently owned by hedge funds and other institutional investors.
HSN, Inc. (NASDAQ:HSNI) opened at 37.45 on Friday. The firm’s 50-day moving average is $37.81 and its 200-day moving average is $36.12. HSN, Inc. has a 52-week low of $30.75 and a 52-week high of $42.75. The company has a market cap of $1.96 billion, a PE ratio of 16.79 and a beta of 1.34.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. On average, equities research analysts anticipate that HSN, Inc. will post $2.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, September 1st. HSN’s payout ratio is 63.06%.
HSNI has been the topic of several research analyst reports. Aegis raised shares of HSN from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Maxim Group set a $61.00 target price on shares of HSN and gave the stock a “buy” rating in a report on Friday, July 7th. ValuEngine downgraded shares of HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, FBR & Co boosted their target price on shares of HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.38.
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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