Arizona State Retirement System raised its holdings in HSN, Inc. (NASDAQ:HSNI) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,500 shares of the specialty retailer’s stock after buying an additional 200 shares during the quarter. Arizona State Retirement System’s holdings in HSN were worth $431,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its stake in HSN by 23,031.4% in the first quarter. BlackRock Inc. now owns 3,240,483 shares of the specialty retailer’s stock valued at $120,222,000 after buying an additional 3,226,474 shares during the period. Vanguard Group Inc. raised its position in shares of HSN by 8.5% during the first quarter. Vanguard Group Inc. now owns 2,682,508 shares of the specialty retailer’s stock worth $99,521,000 after purchasing an additional 209,968 shares during the period. RidgeWorth Capital Management LLC raised its position in shares of HSN by 3.9% during the first quarter. RidgeWorth Capital Management LLC now owns 1,659,280 shares of the specialty retailer’s stock worth $61,559,000 after purchasing an additional 62,199 shares during the period. State Street Corp raised its position in shares of HSN by 0.4% during the first quarter. State Street Corp now owns 1,141,957 shares of the specialty retailer’s stock worth $42,365,000 after purchasing an additional 4,452 shares during the period. Finally, FMR LLC raised its position in shares of HSN by 0.8% during the first quarter. FMR LLC now owns 876,315 shares of the specialty retailer’s stock worth $32,512,000 after purchasing an additional 7,220 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.
HSN, Inc. (HSNI) traded up 2.62% during midday trading on Friday, reaching $39.20. The company had a trading volume of 253,888 shares. HSN, Inc. has a 12-month low of $30.75 and a 12-month high of $42.75. The stock has a market capitalization of $2.05 billion, a PE ratio of 17.58 and a beta of 1.34. The company has a 50-day moving average of $37.18 and a 200-day moving average of $36.08.
HSN (NASDAQ:HSNI) last released its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The company had revenue of $821.40 million for the quarter, compared to analyst estimates of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. On average, analysts predict that HSN, Inc. will post $2.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Friday, September 1st. HSN’s payout ratio is 63.06%.
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A number of brokerages have recently weighed in on HSNI. BidaskClub lowered HSN from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Aegis lowered their target price on HSN from $39.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. FBR & Co upped their target price on HSN from $35.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, July 12th. Maxim Group set a $61.00 target price on HSN and gave the stock a “buy” rating in a research report on Friday, July 7th. Finally, Sidoti lowered HSN from a “buy” rating to a “neutral” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.71.
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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