HSN, Inc. (NASDAQ:HSNI) Position Decreased by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky reduced its position in shares of HSN, Inc. (NASDAQ:HSNI) by 76.9% during the first quarter, Holdings Channel reports. The institutional investor owned 4,880 shares of the specialty retailer’s stock after selling 16,241 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HSN were worth $181,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in HSNI. First Trust Advisors LP increased its stake in shares of HSN by 99.7% in the first quarter. First Trust Advisors LP now owns 59,909 shares of the specialty retailer’s stock worth $2,223,000 after buying an additional 29,907 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of HSN by 1.6% in the first quarter. State Treasurer State of Michigan now owns 13,000 shares of the specialty retailer’s stock worth $482,000 after buying an additional 200 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of HSN by 5.1% in the first quarter. OLD National Bancorp IN now owns 12,376 shares of the specialty retailer’s stock worth $459,000 after buying an additional 599 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of HSN by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 19,930 shares of the specialty retailer’s stock worth $738,000 after buying an additional 1,178 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of HSN by 0.6% in the first quarter. Wells Fargo & Company MN now owns 146,827 shares of the specialty retailer’s stock worth $5,448,000 after buying an additional 854 shares in the last quarter. 58.54% of the stock is currently owned by institutional investors.
Shares of HSN, Inc. (NASDAQ:HSNI) traded up 1.61% during mid-day trading on Monday, reaching $37.80. 90,717 shares of the company were exchanged. HSN, Inc. has a 12 month low of $30.75 and a 12 month high of $46.36. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.95 and a beta of 1.34. The company’s 50-day moving average is $37.41 and its 200 day moving average is $36.01.
HSN (NASDAQ:HSNI) last released its 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. HSN had a net margin of 3.99% and a return on equity of 63.13%. The firm had revenue of $821.40 million during the quarter, compared to analyst estimates of $831.18 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Analysts predict that HSN, Inc. will post $2.43 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, September 1st. HSN’s dividend payout ratio (DPR) is 63.06%.
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A number of research firms recently commented on HSNI. Maxim Group set a $61.00 target price on shares of HSN and gave the company a “buy” rating in a research report on Friday, July 7th. Sidoti downgraded shares of HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. FBR & Co increased their target price on shares of HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Finally, Aegis raised shares of HSN from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.38.
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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