MKM Partners reiterated their neutral rating on shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) in a research report sent to investors on Friday morning. The brokerage currently has a $73.00 price target on the stock, down from their prior price target of $84.00.

Other analysts have also issued research reports about the stock. J P Morgan Chase & Co reissued an overweight rating and issued a $83.00 price target on shares of Scripps Networks Interactive in a report on Monday, July 10th. Moffett Nathanson reissued a sell rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. Royal Bank Of Canada set a $76.00 price target on shares of Scripps Networks Interactive and gave the company a hold rating in a report on Tuesday, June 6th. Jefferies Group LLC reissued a hold rating and issued a $76.00 price target on shares of Scripps Networks Interactive in a report on Friday, April 28th. Finally, Wells Fargo & Company started coverage on shares of Scripps Networks Interactive in a report on Thursday. They issued a market perform rating and a $82.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Scripps Networks Interactive presently has an average rating of Hold and a consensus price target of $76.60.

Scripps Networks Interactive (NASDAQ SNI) traded down 0.33% during trading on Friday, hitting $78.75. The stock had a trading volume of 2,820,552 shares. Scripps Networks Interactive has a 52 week low of $59.32 and a 52 week high of $83.42. The stock has a 50-day moving average price of $68.00 and a 200-day moving average price of $73.39. The company has a market cap of $10.22 billion, a PE ratio of 17.60 and a beta of 1.44.

Scripps Networks Interactive (NASDAQ:SNI) last posted its quarterly earnings data on Thursday, May 4th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.35. The company had revenue of $855 million during the quarter, compared to analyst estimates of $856.98 million. Scripps Networks Interactive had a net margin of 16.94% and a return on equity of 30.71%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. Equities analysts predict that Scripps Networks Interactive will post $5.49 EPS for the current year.

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In related news, major shareholder Margaret Scripps Klenzing sold 46,466 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $71.01, for a total value of $3,299,550.66. Following the sale, the insider now directly owns 10,013 shares of the company’s stock, valued at approximately $711,023.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward W. Scripps sold 300,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $66.96, for a total transaction of $20,088,000.00. Following the completion of the sale, the insider now directly owns 232,071 shares in the company, valued at $15,539,474.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 376,466 shares of company stock worth $25,477,051. Insiders own 2.50% of the company’s stock.

A number of large investors have recently bought and sold shares of SNI. Vanguard Group Inc. boosted its stake in Scripps Networks Interactive by 3.3% in the first quarter. Vanguard Group Inc. now owns 8,145,598 shares of the company’s stock valued at $638,371,000 after buying an additional 260,963 shares in the last quarter. BlackRock Inc. boosted its stake in Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after buying an additional 6,979,918 shares in the last quarter. State Street Corp boosted its stake in Scripps Networks Interactive by 1.5% in the first quarter. State Street Corp now owns 3,732,993 shares of the company’s stock valued at $292,564,000 after buying an additional 53,491 shares in the last quarter. FMR LLC boosted its stake in Scripps Networks Interactive by 10.1% in the first quarter. FMR LLC now owns 2,705,277 shares of the company’s stock valued at $212,012,000 after buying an additional 248,772 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Scripps Networks Interactive by 22.2% in the first quarter. American Century Companies Inc. now owns 1,639,158 shares of the company’s stock valued at $128,461,000 after buying an additional 297,358 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

About Scripps Networks Interactive

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

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