Royal Bank Of Canada reiterated their hold rating on shares of Scripps Networks Interactive, Inc (NASDAQ:SNI) in a research note published on Wednesday. They currently have a $90.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Scripps Networks Interactive from a hold rating to a sell rating in a research note on Monday, July 17th. Needham & Company LLC lowered Scripps Networks Interactive from a buy rating to a hold rating in a report on Monday, July 31st. Citigroup Inc. upgraded Scripps Networks Interactive from a sell rating to a neutral rating and increased their price target for the stock from $66.00 to $90.00 in a report on Tuesday, August 1st. UBS AG reiterated a neutral rating and issued a $90.00 price target (up previously from $83.00) on shares of Scripps Networks Interactive in a report on Tuesday, August 1st. Finally, Moffett Nathanson upgraded Scripps Networks Interactive from a sell rating to a neutral rating and increased their price target for the stock from $61.00 to $87.00 in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Scripps Networks Interactive currently has a consensus rating of Hold and a consensus target price of $84.20.

Scripps Networks Interactive (SNI) opened at 86.04 on Wednesday. Scripps Networks Interactive has a 12-month low of $59.32 and a 12-month high of $88.45. The company has a market cap of $11.17 billion, a PE ratio of 17.75 and a beta of 1.47. The stock’s 50 day moving average price is $86.14 and its 200 day moving average price is $76.15.

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The business also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Thursday, August 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.39%. Scripps Networks Interactive’s dividend payout ratio is presently 24.79%.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the transaction, the director now owns 9,457 shares in the company, valued at $830,608.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Burgundy Asset Management Ltd. lifted its holdings in shares of Scripps Networks Interactive by 0.7% in the second quarter. Burgundy Asset Management Ltd. now owns 373,118 shares of the company’s stock valued at $25,488,000 after purchasing an additional 2,683 shares in the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Scripps Networks Interactive by 7.5% in the second quarter. Achmea Investment Management B.V. now owns 24,633 shares of the company’s stock valued at $1,680,000 after purchasing an additional 1,708 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Scripps Networks Interactive by 2.0% in the second quarter. Sentry Investment Management LLC now owns 5,618 shares of the company’s stock valued at $384,000 after purchasing an additional 111 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of Scripps Networks Interactive by 28.7% in the second quarter. WFG Advisors LP now owns 5,160 shares of the company’s stock valued at $352,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Scripps Networks Interactive by 26.3% in the second quarter. Toronto Dominion Bank now owns 32,367 shares of the company’s stock valued at $2,211,000 after purchasing an additional 6,746 shares in the last quarter. Institutional investors own 75.85% of the company’s stock.

Scripps Networks Interactive Company Profile

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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