HSN Inc. (NASDAQ:HSNI) had its target price lowered by investment analysts at FBR & Co from $41.00 to $34.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “market perform” rating on the stock. FBR & Co’s price target would suggest a potential downside of 16.15% from the stock’s previous close.
Several other research firms have also recently issued reports on HSNI. Citigroup Inc. dropped their target price on HSN from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, September 15th. Sidoti dropped their target price on HSN from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, September 14th. Wunderlich dropped their target price on HSN from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, July 25th. Craig Hallum cut HSN from a “buy” rating to a “hold” rating and dropped their target price for the stock from $62.00 to $42.00 in a research report on Monday, October 10th. Finally, TheStreet cut HSN from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. HSN presently has a consensus rating of “Hold” and a consensus price target of $47.88.
HSN (NASDAQ:HSNI) traded up 0.37% during midday trading on Tuesday, reaching $40.55. The company’s stock had a trading volume of 107,040 shares. HSN has a 52 week low of $30.75 and a 52 week high of $55.87. The firm’s 50-day moving average price is $37.91 and its 200-day moving average price is $44.58. The stock has a market capitalization of $2.12 billion, a PE ratio of 15.93 and a beta of 1.12.
HSN (NASDAQ:HSNI) last released its earnings results on Monday, November 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. HSN had a return on equity of 100.35% and a net margin of 3.76%. The business had revenue of $823 million for the quarter, compared to analyst estimates of $836.02 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts anticipate that HSN will post $2.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Wednesday, December 7th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, December 5th. HSN’s payout ratio is currently 55.12%.
A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in HSN by 65.6% in the second quarter. FMR LLC now owns 3,240,299 shares of the company’s stock worth $158,547,000 after buying an additional 1,283,347 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in HSN during the second quarter worth about $27,841,000. Point72 Asset Management L.P. bought a new stake in HSN during the second quarter worth about $15,560,000. Renaissance Technologies LLC raised its stake in HSN by 4,208.7% in the first quarter. Renaissance Technologies LLC now owns 297,300 shares of the company’s stock worth $15,552,000 after buying an additional 290,400 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in HSN during the second quarter worth about $13,066,000. 63.61% of the stock is currently owned by hedge funds and other institutional investors.