Scripps Networks Interactive, Inc. (SNI) Receives $86.36 Average Price Target from Brokerages

Shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) have earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Fourteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $86.36.

Several analysts recently commented on the stock. BidaskClub cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Cowen reiterated a “hold” rating and issued a $90.00 price objective on shares of Scripps Networks Interactive in a research note on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a report on Thursday, February 1st.

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In other news, Director Ronald W. Tysoe sold 5,873 shares of Scripps Networks Interactive stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $89.90, for a total transaction of $527,982.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lori A. Hickok sold 125,128 shares of Scripps Networks Interactive stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $89.71, for a total transaction of $11,225,232.88. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Scripps Networks Interactive by 3.2% during the fourth quarter. BlackRock Inc. now owns 5,789,898 shares of the company’s stock worth $494,342,000 after buying an additional 178,104 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Scripps Networks Interactive by 16,713.9% in the fourth quarter. SG Americas Securities LLC now owns 1,606,737 shares of the company’s stock worth $137,183,000 after acquiring an additional 1,597,181 shares during the last quarter. Manikay Partners LLC acquired a new stake in shares of Scripps Networks Interactive in the fourth quarter worth approximately $110,994,000. Geode Capital Management LLC boosted its position in shares of Scripps Networks Interactive by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,055,979 shares of the company’s stock worth $89,982,000 after acquiring an additional 13,699 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Scripps Networks Interactive by 113.4% in the fourth quarter. Alliancebernstein L.P. now owns 885,913 shares of the company’s stock worth $75,639,000 after acquiring an additional 470,729 shares during the last quarter. Institutional investors and hedge funds own 62.59% of the company’s stock.

Shares of NASDAQ SNI traded down $0.06 during midday trading on Friday, hitting $90.04. The company had a trading volume of 11,132,800 shares, compared to its average volume of 1,537,205. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 0.81. Scripps Networks Interactive has a twelve month low of $64.87 and a twelve month high of $93.58.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings data on Monday, February 26th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.17. Scripps Networks Interactive had a net margin of 17.52% and a return on equity of 26.63%. The firm had revenue of $956.12 million during the quarter, compared to analysts’ expectations of $912.81 million. During the same quarter last year, the business earned $1.02 earnings per share. analysts anticipate that Scripps Networks Interactive will post 5.61 EPS for the current fiscal year.

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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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