Published On: Thu, Sep 15th, 2016

Citigroup Inc. Lowers HSN Inc. (HSNI) Price Target to $53.00

HSN Inc. (NASDAQ:HSNI) had its target price decreased by stock analysts at Citigroup Inc. from $55.00 to $53.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 29.81% from the company’s previous close.
Several other research analysts have also commented on HSNI. Maxim Group started coverage on HSN in a research report on Thursday, June 9th. They issued a “buy” rating and a $66.00 target price for the company. Zacks Investment Research downgraded HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Wunderlich cut their price target on HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, July 25th. TheStreet raised HSN from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Finally, FBR & Co cut their price target on HSN from $53.00 to $51.00 and set a “mkt perform” rating on the stock in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. HSN currently has an average rating of “Buy” and a consensus target price of $58.63.
Shares of HSN (NASDAQ:HSNI) traded up 0.22% during midday trading on Thursday, reaching $40.92. The company’s stock had a trading volume of 35,967 shares. The firm has a market capitalization of $2.14 billion, a PE ratio of 14.59 and a beta of 0.90. HSN has a 1-year low of $40.16 and a 1-year high of $63.44. The company’s 50-day moving average price is $44.65 and its 200 day moving average price is $49.91.

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HSN (NASDAQ:HSNI) last issued its earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analyst estimates of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. On average, equities research analysts forecast that HSN will post $3.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, September 2nd. HSN’s payout ratio is currently 50.00%.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $43.62, for a total transaction of $174,480.00. Following the sale, the director now owns 59,669 shares of the company’s stock, valued at approximately $2,602,761.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its stake in shares of HSN by 141.3% in the first quarter. UBS Asset Management Americas Inc. now owns 112,446 shares of the company’s stock valued at $5,882,000 after buying an additional 65,842 shares during the last quarter. Scotia Capital Inc. acquired a new stake in shares of HSN during the first quarter valued at $357,000. Zebra Capital Management LLC increased its stake in shares of HSN by 30.3% in the first quarter. Zebra Capital Management LLC now owns 45,483 shares of the company’s stock valued at $2,379,000 after buying an additional 10,571 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of HSN during the first quarter valued at $889,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of HSN during the first quarter valued at $366,000. 63.82% of the stock is currently owned by hedge funds and other institutional investors.
HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.

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