HSN, Inc. (NASDAQ:HSNI) Posts Earnings Results, Beats Estimates By $0.05 EPS
HSN, Inc. (NASDAQ:HSNI) released its quarterly earnings results on Thursday. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05, Briefing.com reports. HSN had a return on equity of 64.60% and a net margin of 3.36%. The company had revenue of $821.40 million during the quarter, compared to analysts’ expectations of $831.18 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year.
HSN (NASDAQ HSNI) traded up 2.83% during trading on Friday, reaching $39.95. The company had a trading volume of 396,773 shares. The stock has a market cap of $2.09 billion, a PE ratio of 18.93 and a beta of 1.34. The company has a 50-day moving average price of $35.92 and a 200 day moving average price of $35.80. HSN has a 52-week low of $30.75 and a 52-week high of $52.81.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be paid a $0.35 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.40 annualized dividend and a yield of 3.50%. HSN’s payout ratio is currently 63.06%.
Several hedge funds have recently 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 valued at $100,000 after buying an additional 500 shares during the period. US Bancorp DE boosted its stake in shares of HSN by 0.4% in the second quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 19 shares during the period. Advantus Capital Management Inc boosted its stake in shares of HSN by 5.9% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 228 shares during the period. North Star Investment Management Corp. boosted its stake in shares of HSN by 124.1% in the second quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock valued at $182,000 after buying an additional 3,165 shares during the period. Finally, 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 valued at $204,000 after buying an additional 18 shares during the period. 59.83% of the stock is owned by institutional investors and hedge funds.
HSNI has been the subject of a number of analyst reports. Zacks Investment Research cut HSN from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. BidaskClub raised HSN from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. ValuEngine cut HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Aegis initiated coverage on HSN in a report on Tuesday, April 11th. They issued a “hold” rating and a $41.00 price target for the company. Finally, Craig Hallum set a $40.00 price target on HSN and gave the stock a “hold” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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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