Wells Fargo & Company MN Has $3.10 Million Position in HSN, Inc. (HSNI)

Wells Fargo & Company MN lowered its holdings in HSN, Inc. (NASDAQ:HSNI) by 39.6% in the third quarter, Holdings Channel reports. The firm owned 79,290 shares of the specialty retailer’s stock after selling 52,021 shares during the period. Wells Fargo & Company MN’s holdings in HSN were worth $3,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HSNI. Thrivent Financial For Lutherans boosted its holdings in HSN by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock valued at $206,000 after purchasing an additional 440 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in HSN by 47.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 7,180 shares of the specialty retailer’s stock valued at $280,000 after purchasing an additional 2,300 shares during the last quarter. Verition Fund Management LLC purchased a new position in HSN in the second quarter valued at about $333,000. Wolverine Trading LLC boosted its holdings in HSN by 78.5% in the second quarter. Wolverine Trading LLC now owns 11,427 shares of the specialty retailer’s stock valued at $362,000 after purchasing an additional 5,027 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in HSN by 54.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 11,468 shares of the specialty retailer’s stock valued at $366,000 after purchasing an additional 4,044 shares during the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on HSNI shares. BidaskClub raised HSN from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. B. Riley reissued a “hold” rating and issued a $36.00 price target on shares of HSN in a report on Thursday, November 9th. Zacks Investment Research downgraded HSN from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, UBS Group reduced their price target on HSN from $46.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.00.

Shares of HSN, Inc. (NASDAQ:HSNI) opened at $40.35 on Thursday. HSN, Inc. has a one year low of $30.90 and a one year high of $44.15. The stock has a market capitalization of $2,120.00, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 2.02.

HSN (NASDAQ:HSNI) last announced its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). HSN had a net margin of 3.29% and a return on equity of 56.55%. The firm had revenue of $782.56 million for the quarter, compared to analyst estimates of $804.04 million. During the same quarter in the previous year, the company earned $0.52 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. equities research analysts expect that HSN, Inc. will post 2.32 EPS for the current fiscal year.

The company 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 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, December 5th. HSN’s payout ratio is currently 64.81%.

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About HSN

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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Institutional Ownership by Quarter for HSN (NASDAQ:HSNI)

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