HSN, Inc. (NASDAQ:HSNI) – Analysts at FBR & Co lowered their FY2017 earnings estimates for HSN in a research report issued to clients and investors on Thursday. FBR & Co analyst B. Crockett now expects that the specialty retailer will earn $2.51 per share for the year, down from their previous forecast of $2.60. FBR & Co also issued estimates for HSN’s FY2018 earnings at $2.96 EPS, FY2019 earnings at $3.04 EPS and FY2020 earnings at $3.11 EPS.
A number of other equities research analysts have also commented on HSNI. Zacks Investment Research upgraded shares of HSN from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Wunderlich reiterated a “buy” rating and set a $42.00 price target on shares of HSN in a report on Saturday, January 14th. Craig Hallum set a $45.00 price target on shares of HSN and gave the company a “hold” rating in a report on Thursday, February 23rd. Aegis initiated coverage on shares of HSN in a report on Tuesday, April 11th. They set a “hold” rating and a $41.00 price target for the company. Finally, Maxim Group set a $46.00 price target on shares of HSN and gave the company a “buy” rating in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $45.13.
Shares of HSN (NASDAQ:HSNI) traded down 1.21% during trading on Monday, reaching $36.60. 60,575 shares of the company’s stock traded hands. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 17.35 and a beta of 1.13. HSN has a 52-week low of $30.75 and a 52-week high of $54.03. The company’s 50-day moving average is $36.53 and its 200 day moving average is $36.37.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. HSN had a net margin of 3.76% and a return on equity of 100.35%. The firm had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $785.22 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was down 3.8% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Monday, June 5th. HSN’s dividend payout ratio is presently 55.12%.
Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of HSN during the fourth quarter valued at approximately $20,430,000. Russell Investments Group Ltd. purchased a new stake in shares of HSN during the fourth quarter valued at approximately $12,375,000. Highbridge Capital Management LLC purchased a new stake in shares of HSN during the fourth quarter valued at approximately $10,112,000. Two Sigma Investments LP increased its stake in shares of HSN by 673.8% in the fourth quarter. Two Sigma Investments LP now owns 326,162 shares of the specialty retailer’s stock valued at $11,187,000 after buying an additional 284,012 shares during the period. Finally, Perkins Investment Management LLC increased its stake in shares of HSN by 31.7% in the third quarter. Perkins Investment Management LLC now owns 1,020,268 shares of the specialty retailer’s stock valued at $40,607,000 after buying an additional 245,754 shares during the period. 61.30% 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 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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