HSN Inc. (HSNI) Stock Rating Lowered by Citigroup Inc.
HSN Inc. (NASDAQ:HSNI) was downgraded by stock analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $43.00 price objective on the stock, down from their previous price objective of $53.00. Citigroup Inc.’s price target would suggest a potential upside of 8.20% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. FBR & Co dropped their price objective on shares of HSN from $53.00 to $51.00 and set a “mkt perform” rating on the stock in a report on Friday, August 5th. Maxim Group decreased their target price on shares of HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Sidoti decreased their target price on shares of HSN from $62.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, September 14th. Wunderlich decreased their target price on shares of HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Finally, Axiom Securities decreased their target price on shares of HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. HSN has a consensus rating of “Hold” and an average price target of $57.38.
Shares of HSN (NASDAQ:HSNI) opened at 39.74 on Thursday. HSN has a 52 week low of $37.34 and a 52 week high of $63.44. The stock has a market cap of $2.08 billion, a PE ratio of 14.17 and a beta of 1.04. The stock has a 50 day moving average of $40.89 and a 200-day moving average of $48.22.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $854.30 million for the quarter, compared to the consensus estimate of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. Equities research analysts predict that HSN will post $3.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, September 2nd. HSN’s payout ratio is currently 50.00%.
In other 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 transaction of $174,040.00. Following the sale, the director now owns 53,669 shares in the company, valued at $2,335,138.19. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.
A number of large investors have recently made changes to their positions in HSNI. Mason Street Advisors LLC acquired a new stake in shares of HSN during the second quarter valued at $712,000. Royal Bank of Canada boosted its stake in shares of HSN by 1.2% in the second quarter. Royal Bank of Canada now owns 80,697 shares of the company’s stock valued at $3,949,000 after buying an additional 920 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of HSN by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 108,255 shares of the company’s stock valued at $5,297,000 after buying an additional 349 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of HSN by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 204,957 shares of the company’s stock valued at $10,029,000 after buying an additional 5,773 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of HSN by 1.0% in the second quarter. Legal & General Group Plc now owns 8,693 shares of the company’s stock valued at $422,000 after buying an additional 86 shares in the last quarter. Institutional investors own 63.67% of the company’s stock.
HSN Company Profile
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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