HSN Inc. (HSNI) Sees Unusually-High Trading Volume
HSN Inc. (NASDAQ:HSNI) shares saw an uptick in trading volume on Thursday . 511,545 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 309,539 shares.The stock last traded at $51.69 and had previously closed at $51.28.
A number of brokerages have issued reports on HSNI. Maxim Group began coverage on HSN in a research report on Thursday, June 9th. They issued a “buy” rating and a $66.00 target price on the stock. Zacks Investment Research lowered HSN from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Wunderlich cut their target price on HSN from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. HSN currently has a consensus rating of “Buy” and an average price target of $68.43.
The company has a market capitalization of $2.69 billion and a PE ratio of 16.76. The company has a 50-day moving average price of $50.48 and a 200 day moving average price of $50.47.
HSN (NASDAQ:HSNI) last released its earnings results on Wednesday, May 4th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The business earned $816.80 million during the quarter, compared to analyst estimates of $837.10 million. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. Analysts anticipate that HSN Inc. will post $3.35 earnings per share for the current year.
A number of hedge funds have added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in HSN by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 41,131 shares of the company’s stock worth $2,084,000 after buying an additional 214 shares during the period. Bank of Montreal Can raised its stake in HSN by 1.1% in the fourth quarter. Bank of Montreal Can now owns 45,188 shares of the company’s stock worth $2,290,000 after buying an additional 473 shares during the period. California State Teachers Retirement System raised its stake in HSN by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 60,273 shares of the company’s stock worth $3,054,000 after buying an additional 1,000 shares during the period. Suntrust Banks Inc. raised its stake in HSN by 2.5% in the fourth quarter. Suntrust Banks Inc. now owns 71,977 shares of the company’s stock worth $3,646,000 after buying an additional 1,777 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in HSN by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 20,794 shares of the company’s stock worth $1,053,000 after buying an additional 7,053 shares during the period.
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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