BidaskClub upgraded shares of HSN (NASDAQ:HSNI) from a sell rating to a hold rating in a research report sent to investors on Wednesday, December 20th.
HSNI has been the subject of several other reports. B. Riley restated a hold rating and issued a $36.00 price objective on shares of HSN in a research note on Thursday, November 9th. Zacks Investment Research cut HSN from a hold rating to a sell rating in a research report on Thursday, November 9th. Finally, UBS Group dropped their price objective on HSN from $46.00 to $45.00 and set a buy rating on the stock in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. HSN currently has an average rating of Hold and an average target price of $43.00.
HSN has a 12-month low of $30.90 and a 12-month high of $44.15. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.53 and a quick ratio of 0.60. The stock has a market capitalization of $2,120.00, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41.
HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). HSN had a net margin of 3.29% and a return on equity of 56.55%. The company had revenue of $782.56 million for the quarter, compared to the consensus estimate of $804.04 million. During the same period in the previous year, the business earned $0.52 EPS. HSN’s revenue for the quarter was down 4.9% compared to the same quarter last year. equities analysts anticipate that HSN will post 2.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of Infinity. The ex-dividend date was Tuesday, December 5th. HSN’s dividend payout ratio (DPR) is currently 64.81%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in HSN by 10.4% in the third quarter. California Public Employees Retirement System now owns 141,395 shares of the specialty retailer’s stock valued at $5,521,000 after purchasing an additional 13,295 shares during the period. Westchester Capital Management LLC purchased a new stake in HSN in the third quarter valued at $1,243,000. Magnetar Financial LLC purchased a new stake in HSN in the third quarter valued at $19,676,000. Alpine Associates Management Inc. purchased a new stake in HSN in the third quarter valued at $20,796,000. Finally, Vivaldi Asset Management LLC purchased a new stake in HSN in the third quarter valued at $2,978,000. 57.49% of the stock is currently owned by institutional investors.
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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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