Brokers Issue Forecasts for HSN Inc.’s Q3 2016 Earnings (HSNI)
HSN Inc. (NASDAQ:HSNI) – Equities research analysts at FBR & Co lowered their Q3 2016 EPS estimates for shares of HSN in a report issued on Thursday. FBR & Co analyst B. Crockett now expects that the firm will post earnings per share of $0.50 for the quarter, down from their prior forecast of $0.58. FBR & Co currently has a “Mkt Perform” rating and a $51.00 target price on the stock. FBR & Co also issued estimates for HSN’s Q4 2016 earnings at $1.14 EPS, FY2016 earnings at $2.83 EPS, FY2017 earnings at $3.26 EPS, FY2018 earnings at $3.38 EPS, FY2019 earnings at $3.51 EPS and FY2020 earnings at $3.65 EPS.
Other equities analysts have also recently issued reports about the company. 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. Axiom Securities decreased their price target on HSN from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 8th. Maxim Group decreased their price target on HSN from $66.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. TheStreet raised HSN from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Finally, Wunderlich decreased their price target on HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. HSN has an average rating of “Hold” and a consensus price target of $55.67.
HSN (NASDAQ:HSNI) opened at 38.12 on Friday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.59 and a beta of 1.04. HSN has a 12 month low of $37.34 and a 12 month high of $63.44. The stock’s 50 day moving average price is $40.20 and its 200-day moving average price is $47.74.
HSN (NASDAQ:HSNI) last issued its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. HSN had a return on equity of 117.99% and a net margin of 4.10%. The company had revenue of $854.30 million for the quarter, compared to analyst estimates of $871.23 million. During the same period in the prior year, the firm earned $0.81 earnings per share. HSN’s revenue for the quarter was down 3.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 3.67%. HSN’s dividend payout ratio is presently 50.00%.
In related news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $43.51, for a total transaction of $174,040.00. Following the sale, the director now directly owns 53,669 shares in the company, valued at $2,335,138.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HSNI. Fuller & Thaler Asset Management Inc. purchased a new stake in HSN during the second quarter valued at $108,000. Pacer Advisors Inc. purchased a new stake in HSN during the second quarter valued at $157,000. Thrivent Financial for Lutherans raised 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 valued at $220,000 after buying an additional 440 shares in the last quarter. Magnetar Financial LLC purchased a new stake in HSN during the first quarter valued at $233,000. Finally, Teacher Retirement System of Texas raised 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 valued at $233,000 after buying an additional 574 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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