HSN Inc. (NASDAQ:HSNI)’s share price shot up 0.2% during mid-day trading on Friday . The company traded as high as $41.01 and last traded at $40.79, with a volume of 525,351 shares changing hands. The stock had previously closed at $40.71.
Several equities research analysts have recently weighed in on the company. FBR & Co reduced their price objective on HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a research note on Friday, August 5th. Maxim Group assumed coverage on HSN in a research note on Thursday, June 9th. They set a “buy” rating and a $66.00 price objective for the company. TheStreet raised HSN from a “hold” rating to a “buy” rating in a research note on Monday, August 1st. Citigroup Inc. reduced their price objective on HSN from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Finally, Axiom Securities reduced their price objective on HSN from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $59.00.
The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.55 and a beta of 0.90. The stock’s 50 day moving average price is $45.55 and its 200-day moving average price is $50.15.
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HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. HSN had a net margin of 4.10% and a return on equity of 117.99%. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. HSN’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect that HSN Inc. will post $3.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th will be given a $0.35 dividend. 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 dividend payout ratio (DPR) is presently 50.00%.
In related news, Director Thomas Mcinerney sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the completion of the transaction, the director now owns 53,669 shares in the company, valued at approximately $2,335,138.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
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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