Citigroup Inc. Trims HSN Inc. (HSNI) Target Price to $53.00
HSNI has been the subject of several other research reports. FBR & Co lowered their price objective on shares of HSN from $53.00 to $51.00 and set a mkt perform rating for the company in a research report on Friday, August 5th. Maxim Group lowered their price objective on shares of HSN from $66.00 to $61.00 and set a buy rating for the company in a research report on Friday, August 5th. Sidoti lowered their price objective on shares of HSN from $62.00 to $58.00 and set a buy rating for the company in a research report on Wednesday, September 14th. Wunderlich lowered their price objective on shares of HSN from $68.00 to $62.00 and set a buy rating for the company in a research report on Monday, July 25th. Finally, Axiom Securities lowered their price objective on shares of HSN from $66.00 to $57.00 and set a buy rating for the company in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. HSN presently has a consensus rating of Buy and an average target price of $58.63.
HSN (NASDAQ:HSNI) opened at 40.50 on Thursday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 14.44 and a beta of 0.90. The firm has a 50 day moving average price of $43.75 and a 200-day moving average price of $49.59. HSN has a 12 month low of $39.91 and a 12 month high of $63.44.
HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. HSN’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.81 earnings per share. On average, equities analysts forecast that HSN will post $3.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th will be issued a $0.35 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 3.46%. HSN’s dividend payout ratio (DPR) is presently 50.00%.
In related news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the transaction, the director now owns 53,669 shares of the company’s stock, valued at approximately $2,335,138.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HSNI. Fuller & Thaler Asset Management Inc. bought a new position in HSN during the second quarter valued at approximately $108,000. Pacer Advisors Inc. bought a new position in HSN during the second quarter valued at approximately $157,000. Thrivent Financial for Lutherans increased its position in HSN by 10.8% in the second quarter. Thrivent Financial for Lutherans now owns 4,500 shares of the company’s stock valued at $220,000 after buying an additional 440 shares in the last quarter. Magnetar Financial LLC bought a new position in HSN during the first quarter valued at approximately $233,000. Finally, Teacher Retirement System of Texas increased its position in HSN by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,765 shares of the company’s stock valued at $233,000 after buying an additional 574 shares in the last quarter. 63.82% of the stock is currently owned by institutional investors.
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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