Shares of HSN Inc. (NASDAQ:HSNI) fell 3.3% during mid-day trading on Wednesday . The company traded as low as $50.88 and last traded at $51.24, with a volume of 190,366 shares traded. The stock had previously closed at $52.99.

A number of brokerages recently issued reports on HSNI. Zacks Investment Research downgraded HSN from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Maxim Group began coverage on HSN in a research report on Thursday, June 9th. They issued a “buy” rating and a $66.00 price target for the company. Finally, Wunderlich lowered their price target on HSN from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $68.43.

The firm has a 50 day moving average price of $50.40 and a 200-day moving average price of $50.45. The firm has a market cap of $2.68 billion and a price-to-earnings ratio of 16.69.

HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The firm had revenue of $816.80 million for the quarter, compared to analysts’ expectations of $837.10 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts expect that HSN Inc. will post $3.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, May 27th.

Several hedge funds have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of HSN by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 20,794 shares of the company’s stock valued at $1,053,000 after buying an additional 7,053 shares during the last quarter. Usca Ria LLC purchased a new stake in shares of HSN during the fourth quarter valued at approximately $1,231,000. Trexquant Investment LP boosted its stake in shares of HSN by 111.9% in the fourth quarter. Trexquant Investment LP now owns 29,479 shares of the company’s stock valued at $1,494,000 after buying an additional 15,567 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of HSN by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 41,131 shares of the company’s stock valued at $2,084,000 after buying an additional 214 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of HSN by 1.1% in the fourth quarter. Bank of Montreal Can now owns 45,188 shares of the company’s stock valued at $2,290,000 after buying an additional 473 shares during the last quarter.

HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.

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