HSN, Inc. (NASDAQ:HSNI) had its price objective hoisted by FBR & Co from $35.00 to $40.00 in a report released on Wednesday, July 12th, Marketbeat.com reports. The brokerage currently has a mkt perform rating on the specialty retailer’s stock.
Other equities analysts have also recently issued research reports about the company. ValuEngine cut HSN from a buy rating to a hold rating in a report on Friday, June 2nd. Maxim Group set a $46.00 price target on HSN and gave the company a buy rating in a report on Thursday, May 4th. Zacks Investment Research cut HSN from a hold rating to a strong sell rating in a report on Tuesday, April 25th. BidaskClub upgraded HSN from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Finally, Sidoti cut HSN from a buy rating to a neutral rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $46.38.
Shares of HSN (NASDAQ HSNI) opened at 36.35 on Wednesday. HSN has a 12-month low of $30.75 and a 12-month high of $46.36. The company has a 50-day moving average of $36.55 and a 200 day moving average of $35.88. The firm has a market cap of $1.90 billion, a P/E ratio of 17.23 and a beta of 1.34.
HSN (NASDAQ:HSNI) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.05. HSN had a return on equity of 64.60% and a net margin of 3.36%. The company had revenue of $821.40 million during the quarter, compared to analyst estimates of $831.18 million. During the same period last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts predict that HSN will post $2.39 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Friday, September 1st. HSN’s dividend payout ratio (DPR) is currently 63.06%.
Institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its position in shares of HSN by 105.3% in the fourth quarter. Guggenheim Capital LLC now owns 84,712 shares of the specialty retailer’s stock worth $2,905,000 after buying an additional 43,459 shares during the period. Parametrica Management Ltd boosted its position in shares of HSN by 19.4% in the first quarter. Parametrica Management Ltd now owns 8,135 shares of the specialty retailer’s stock worth $302,000 after buying an additional 1,319 shares during the period. Teachers Advisors LLC boosted its position in shares of HSN by 342.3% in the fourth quarter. Teachers Advisors LLC now owns 277,844 shares of the specialty retailer’s stock worth $9,530,000 after buying an additional 215,022 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of HSN by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,315 shares of the specialty retailer’s stock worth $420,000 after buying an additional 200 shares during the period. Finally, Federated Investors Inc. PA boosted its position in shares of HSN by 87.9% in the fourth quarter. Federated Investors Inc. PA now owns 36,986 shares of the specialty retailer’s stock worth $1,269,000 after buying an additional 17,305 shares during the period. Hedge funds and other institutional investors own 59.54% 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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