Trading Report: The Craig Hallum lowers the Stock rating of HSN Inc. (HSNI)

The Craig Hallum lowers the Stock rating of HSN Inc. (HSNI)

Craig Hallum lowered shares of HSN Inc. (NASDAQ:HSNI) from a buy rating to a hold rating in a research note released on Monday morning. They currently have $42.00 target price on the stock, down from their previous target price of $62.00.

Several other research firms also recently commented on HSNI. Maxim Group cut their price objective on HSN from $66.00 to $61.00 and set a buy rating for the company in a report on Friday, August 5th. TheStreet raised HSN from a hold rating to a buy rating in a report on Monday, August 1st. FBR & Co cut their price objective on HSN from $53.00 to $51.00 and set a mkt perform rating for the company in a report on Friday, August 5th. Zacks Investment Research downgraded HSN from a hold rating to a sell rating in a report on Tuesday, July 5th. Finally, Wunderlich cut their price objective on HSN from $68.00 to $62.00 and set a buy rating for the company in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $55.67.

Shares of HSN (NASDAQ:HSNI) opened at 38.18 on Monday. HSN has a one year low of $37.34 and a one year high of $63.44. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 13.62 and a beta of 1.04. The firm has a 50-day moving average of $40.33 and a 200 day moving average of $47.84.

HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company earned $854.30 million during the quarter, compared to analysts’ expectations of $871.23 million. HSN had a net margin of 4.10% and a return on equity of 117.99%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Equities research analysts anticipate that HSN will post $3.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.67%. The ex-dividend date was Friday, September 2nd. HSN’s dividend payout ratio (DPR) is presently 50.00%.

In other HSN news, Director Thomas Mcinerney sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $43.62, for a total value of $174,480.00. Following the transaction, the director now directly owns 59,669 shares of the company’s stock, valued at $2,602,761.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new position in shares of HSN during the second quarter valued at about $108,000. Pacer Advisors Inc. acquired a new position in shares of HSN during the second quarter valued at about $157,000. Thrivent Financial for Lutherans raised its position in shares of HSN by 10.8% in the second quarter. Thrivent Financial for Lutherans now owns 4,500 shares of the company’s stock valued at $220,000 after buying an additional 440 shares during the period. Magnetar Financial LLC acquired a new position in shares of HSN during the first quarter valued at about $233,000. Finally, Teacher Retirement System of Texas raised its position in shares of HSN by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,765 shares of the company’s stock valued at $233,000 after buying an additional 574 shares during the period. 63.67% of the stock is currently owned by hedge funds and other institutional investors.

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