Principal Financial Group Inc. Has $4.64 Million Position in HSN, Inc. (NASDAQ:HSNI)
Principal Financial Group Inc. raised its position in HSN, Inc. (NASDAQ:HSNI) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 125,182 shares of the specialty retailer’s stock after buying an additional 2,669 shares during the period. Principal Financial Group Inc.’s holdings in HSN were worth $4,644,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. First Mercantile Trust Co. boosted its stake in shares of HSN by 22.7% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer’s stock worth $100,000 after buying an additional 500 shares in the last quarter. US Bancorp DE boosted its stake in shares of HSN by 5.5% in the first quarter. US Bancorp DE now owns 4,326 shares of the specialty retailer’s stock worth $160,000 after buying an additional 226 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of HSN by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,505 shares of the specialty retailer’s stock worth $204,000 after buying an additional 18 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of HSN during the first quarter worth about $250,000. Finally, Credit Agricole S A acquired a new stake in shares of HSN during the fourth quarter worth about $286,000. Hedge funds and other institutional investors own 59.54% of the company’s stock.
HSN, Inc. (NASDAQ:HSNI) opened at 39.00 on Tuesday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 18.48 and a beta of 1.30. The stock’s 50 day moving average is $33.04 and its 200-day moving average is $35.22. HSN, Inc. has a 12 month low of $30.75 and a 12 month high of $52.81.
HSN (NASDAQ:HSNI) last posted its earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $785.22 million. HSN had a net margin of 3.15% and a return on equity of 72.70%. HSN’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. On average, analysts anticipate that HSN, Inc. will post $2.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, June 5th. HSN’s dividend payout ratio is presently 66.67%.
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HSNI has been the subject of a number of recent research reports. Maxim Group set a $61.00 price objective on shares of HSN and gave the stock a “buy” rating in a report on Friday, July 7th. Aegis upgraded shares of HSN from a “hold” rating to a “buy” rating in a report on Monday, May 8th. Craig Hallum set a $40.00 target price on shares of HSN and gave the stock a “hold” rating in a research report on Thursday, May 4th. ValuEngine lowered shares of HSN from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. HSN presently has an average rating of “Hold” and a consensus target price of $47.56.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.
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