HSN Inc. (HSNI) Sees Unusually-High Trading Volume
HSN Inc. (NASDAQ:HSNI) shares saw unusually-high trading volume on Thursday . Approximately 511,545 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 309,539 shares.The stock last traded at $51.69 and had previously closed at $51.28.
HSNI has been the subject of several recent research reports. Maxim Group initiated coverage on shares of HSN in a research report on Thursday, June 9th. They issued a “buy” rating and a $66.00 price target for the company. Zacks Investment Research cut shares of HSN from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Wunderlich decreased their price target on shares of HSN from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $68.43.
The company has a 50 day moving average price of $50.47 and a 200-day moving average price of $50.46. The company has a market capitalization of $2.70 billion and a price-to-earnings ratio of 16.82.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm earned $816.80 million during the quarter, compared to the consensus estimate of $837.10 million. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts predict that HSN Inc. will post $3.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, May 27th.
Other institutional investors have recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. boosted its position 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 worth $1,053,000 after buying an additional 7,053 shares during the last quarter. Usca Ria LLC purchased a new position in shares of HSN during the fourth quarter worth about $1,231,000. Trexquant Investment LP boosted its position in 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 in the last quarter. Retirement Systems of Alabama boosted its position in 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 in the last quarter. Finally, Bank of Montreal Can boosted its position in 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 in 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.