14,545 Shares in HSN Inc. (HSNI) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC purchased a new position in shares of HSN Inc. (NASDAQ:HSNI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,545 shares of the company’s stock, valued at approximately $712,000.
Several other large investors also recently bought and sold shares of HSNI. FDx Advisors Inc. boosted its position in HSN by 0.4% in the second quarter. FDx Advisors Inc. now owns 9,029 shares of the company’s stock worth $442,000 after buying an additional 36 shares in the last quarter. Legal & General Group Plc boosted its position in HSN by 1.0% in the second quarter. Legal & General Group Plc now owns 8,693 shares of the company’s stock worth $422,000 after buying an additional 86 shares in the last quarter. OLD National Bancorp IN boosted its position in HSN by 1.0% in the second quarter. OLD National Bancorp IN now owns 8,962 shares of the company’s stock worth $439,000 after buying an additional 87 shares in the last quarter. State Treasurer State of Michigan boosted its position in HSN by 0.8% in the second quarter. State Treasurer State of Michigan now owns 12,800 shares of the company’s stock worth $626,000 after buying an additional 100 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its position in HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock worth $422,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 63.67% of the company’s stock.
HSN Inc. (NASDAQ:HSNI) opened at 39.80 on Monday. HSN Inc. has a 1-year low of $37.34 and a 1-year high of $63.44. The firm’s 50-day moving average price is $41.59 and its 200-day moving average price is $48.72. The firm has a market capitalization of $2.08 billion, a PE ratio of 14.19 and a beta of 1.04.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. HSN had a net margin of 4.10% and a return on equity of 117.99%. The business earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. During the same period last year, the company posted $0.81 EPS. The company’s revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that HSN Inc. will post $3.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were paid a $0.35 dividend. The ex-dividend date was Friday, September 2nd. This represents a $1.40 annualized dividend and a yield of 3.52%. HSN’s payout ratio is currently 50.00%.
A number of research firms recently commented on HSNI. Maxim Group decreased their price objective on HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, August 5th. TheStreet upgraded HSN from a “hold” rating to a “buy” rating in a report on Monday, August 1st. FBR & Co decreased their price objective on HSN from $53.00 to $51.00 and set a “mkt perform” rating on the stock in a report on Friday, August 5th. Zacks Investment Research cut HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Citigroup Inc. decreased their price objective on HSN from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.63.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the completion of the sale, the director now directly owns 53,669 shares of the company’s stock, valued at approximately $2,335,138.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.
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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