HSN, Inc. (HSNI) Position Cut by Swiss National Bank
Swiss National Bank lowered its position in shares of HSN, Inc. (NASDAQ:HSNI) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,300 shares of the company’s stock after selling 1,900 shares during the period. Swiss National Bank owned about 0.10% of HSN worth $2,161,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Prudential Financial Inc. raised its stake in shares of HSN by 36.3% in the second quarter. Prudential Financial Inc. now owns 98,344 shares of the company’s stock worth $4,812,000 after buying an additional 26,200 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of HSN by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 897,737 shares of the company’s stock worth $43,925,000 after buying an additional 166,996 shares during the period. Teacher Retirement System of Texas raised its stake in shares of 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 during the period. Victory Capital Management Inc. raised its stake in shares of HSN by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,364 shares of the company’s stock worth $311,000 after buying an additional 952 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of HSN by 1.6% in the second quarter. Nationwide Fund Advisors now owns 89,091 shares of the company’s stock worth $4,359,000 after buying an additional 1,431 shares during the period. Institutional investors own 61.37% of the company’s stock.
HSN, Inc. (NASDAQ:HSNI) opened at 33.90 on Friday. HSN, Inc. has a 12 month low of $30.75 and a 12 month high of $55.87. The company’s 50-day moving average price is $36.51 and its 200 day moving average price is $41.60. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.32 and a beta of 1.09.
HSN (NASDAQ:HSNI) last released its quarterly earnings results on Monday, November 7th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.56 by $0.04. HSN had a return on equity of 100.35% and a net margin of 3.76%. The firm had revenue of $823 million for the quarter, compared to analysts’ expectations of $836.02 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts predict that HSN, Inc. will post $2.56 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Wednesday, December 7th were given a dividend of $0.35 per share. The ex-dividend date was Monday, December 5th. This represents a $1.40 annualized dividend and a dividend yield of 4.13%. HSN’s dividend payout ratio is currently 55.12%.
HSNI has been the subject of a number of research analyst reports. Bank of America Corporation initiated coverage on HSN in a research report on Tuesday, September 20th. They set an “underperform” rating for the company. Wunderlich reaffirmed a “buy” rating and set a $40.00 target price (down from $52.00) on shares of HSN in a research report on Tuesday, November 8th. Citigroup Inc. lowered HSN from a “buy” rating to a “neutral” rating and decreased their target price for the company from $53.00 to $43.00 in a research report on Thursday, October 6th. Craig Hallum lowered HSN from a “buy” rating to a “hold” rating and decreased their target price for the company from $62.00 to $42.00 in a research report on Monday, October 10th. Finally, Zacks Investment Research raised HSN from a “sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. HSN presently has an average rating of “Hold” and a consensus target price of $46.86.
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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