Jennison Associates LLC raised its stake in shares of HSN, Inc. (NASDAQ:HSNI) by 56.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,675 shares of the specialty retailer’s stock after buying an additional 6,769 shares during the period. Jennison Associates LLC’s holdings in HSN were worth $596,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HSNI. Louisiana State Employees Retirement System increased its position in shares of HSN by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 200 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of HSN by 0.3% in the first quarter. Retirement Systems of Alabama now owns 41,241 shares of the specialty retailer’s stock valued at $1,530,000 after buying an additional 129 shares during the last quarter. First Mercantile Trust Co. increased its position 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 last quarter. Russell Investments Group Ltd. increased its position in shares of HSN by 34.7% in the first quarter. Russell Investments Group Ltd. now owns 487,544 shares of the specialty retailer’s stock valued at $18,086,000 after buying an additional 125,718 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of HSN by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,315 shares of the specialty retailer’s stock valued at $420,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 57.88% of the company’s stock.

HSN, Inc. (NASDAQ HSNI) opened at 36.60 on Thursday. The firm has a 50-day moving average of $38.09 and a 200-day moving average of $36.09. The company has a market capitalization of $1.92 billion, a P/E ratio of 16.41 and a beta of 1.34. HSN, Inc. has a 52 week low of $30.75 and a 52 week high of $43.93.

HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a net margin of 3.36% and a return on equity of 64.60%. The company had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. During the same quarter last year, the company earned $0.74 earnings per share. HSN’s revenue for the quarter was down 3.9% on a year-over-year basis. Analysts anticipate that HSN, Inc. will post $2.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Wednesday, September 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, September 1st. HSN’s dividend payout ratio (DPR) is 63.06%.

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Several equities analysts recently commented on HSNI shares. BidaskClub downgraded shares of HSN from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. ValuEngine downgraded shares of HSN from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Maxim Group set a $46.00 price target on shares of HSN and gave the company a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of HSN from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Craig Hallum set a $40.00 price target on shares of HSN and gave the company a “hold” rating in a report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. HSN currently has a consensus rating of “Hold” and a consensus price target of $46.38.

About HSN

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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Institutional Ownership by Quarter for HSN (NASDAQ:HSNI)

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