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.
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%.
TRADEMARK VIOLATION NOTICE: This article was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2018/01/11/wells-fargo-company-mn-has-3-10-million-position-in-hsn-inc-hsni.html.
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.
Want to see what other hedge funds are holding HSNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HSN, Inc. (NASDAQ:HSNI).
Receive News & Ratings for HSN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN and related companies with MarketBeat.com's FREE daily email newsletter.