HSN, Inc. (NASDAQ:HSNI) has been assigned a $40.00 target price by equities research analysts at Craig Hallum in a research note issued on Thursday, May 4th. The firm presently has a “hold” rating on the specialty retailer’s stock. Craig Hallum’s price objective points to a potential upside of 18.69% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Wunderlich restated a “buy” rating and set a $42.00 target price on shares of HSN in a report on Saturday, January 14th. Zacks Investment Research upgraded HSN from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Finally, Aegis started coverage on HSN in a research note on Tuesday, April 11th. They issued a “hold” rating and a $41.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. HSN presently has an average rating of “Hold” and a consensus target price of $45.13.
HSN (NASDAQ:HSNI) traded up 1.8537% on Thursday, hitting $34.3247. 147,736 shares of the stock traded hands. HSN has a 1-year low of $30.75 and a 1-year high of $54.03. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 16.2676 and a beta of 1.13. The stock has a 50-day moving average price of $36.33 and a 200 day moving average price of $36.25.
HSN (NASDAQ:HSNI) last announced its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The firm had revenue of $785.40 million during the quarter, compared to the consensus estimate of $785.22 million. HSN had a return on equity of 100.35% and a net margin of 3.76%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, analysts anticipate that HSN will post $2.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, June 5th. HSN’s payout ratio is currently 55.12%.
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Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC boosted its position in 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 during the last quarter. TD Asset Management Inc. raised its stake in shares of HSN by 0.8% in the first quarter. TD Asset Management Inc. now owns 12,520 shares of the specialty retailer’s stock worth $464,000 after buying an additional 100 shares during the period. Retirement Systems of Alabama raised its position in 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. Louisiana State Employees Retirement System raised its position in 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. Finally, Oregon Public Employees Retirement Fund raised its position in 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. Institutional investors own 61.30% of the company’s stock.
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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