Craig Hallum Comments on HSN Inc.’s Q4 2016 Earnings (HSNI)
HSN Inc. (NASDAQ:HSNI) – Equities research analysts at Craig Hallum lowered their Q4 2016 earnings per share estimates for shares of HSN in a research note issued to investors on Monday. Craig Hallum analyst A. Fuhrman now expects that the brokerage will post earnings per share of $1.13 for the quarter, down from their prior estimate of $1.20. Craig Hallum has a “Hold” rating and a $42.00 price objective on the stock. Craig Hallum also issued estimates for HSN’s Q2 2017 earnings at $0.77 EPS, Q4 2017 earnings at $1.17 EPS and FY2017 earnings at $3.00 EPS.
HSN (NASDAQ:HSNI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.74 EPS for the quarter, beating the 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 the consensus estimate of $871.23 million. During the same period in the previous year, the business earned $0.81 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis.
Several other equities research analysts have also commented on HSNI. Maxim Group decreased their price objective on shares of HSN from $66.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, August 5th. TheStreet upgraded shares of HSN from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. FBR & Co decreased their price target on shares of HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a research note on Friday, August 5th. Zacks Investment Research lowered shares of HSN from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, Wunderlich decreased their price target on shares of HSN from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.67.
HSN (NASDAQ:HSNI) opened at 38.18 on Thursday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 13.62 and a beta of 1.04. The firm’s 50-day moving average is $40.33 and its 200 day moving average is $47.84. HSN has a 12 month low of $37.34 and a 12 month high of $63.44.
A number of hedge funds and other institutional investors have recently made changes to their positions in HSNI. Fuller & Thaler Asset Management Inc. bought a new stake in HSN during the second quarter worth about $108,000. Pacer Advisors Inc. bought a new stake in HSN during the second quarter worth about $157,000. Magnetar Financial LLC bought a new stake in HSN during the first quarter worth about $233,000. Thrivent Financial for Lutherans increased its stake in HSN by 10.8% in the second quarter. Thrivent Financial for Lutherans now owns 4,500 shares of the company’s stock worth $220,000 after buying an additional 440 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in HSN by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,765 shares of the company’s stock worth $233,000 after buying an additional 574 shares in the last quarter. 63.67% of the stock is owned by hedge funds and other institutional investors.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $43.62, for a total value of $174,480.00. Following the completion of the transaction, the director now directly owns 59,669 shares of the company’s stock, valued at approximately $2,602,761.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, September 2nd. HSN’s payout ratio is 50.00%.
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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