DUPONT CAPITAL MANAGEMENT Corp increased its stake in HSN Inc. (NASDAQ:HSNI) by 15.2% during the second quarter, Holdings Channel reports. The firm owned 80,837 shares of the company’s stock after buying an additional 10,686 shares during the period. DUPONT CAPITAL MANAGEMENT Corp’s holdings in HSN were worth $3,955,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HSNI. BB&T Corp bought a new position in shares of HSN during the second quarter valued at about $4,672,000. Deprince Race & Zollo Inc. acquired a new stake in HSN during the second quarter valued at about $27,841,000. Bank of Montreal Can acquired a new stake in HSN during the second quarter valued at about $2,243,000. 1st Global Advisors Inc. raised its stake in HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock valued at $422,000 after buying an additional 132 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in HSN by 2.3% in the second quarter. Eagle Asset Management Inc. now owns 766,410 shares of the company’s stock valued at $37,500,000 after buying an additional 17,513 shares during the last quarter. Institutional investors own 63.65% of the company’s stock.
HSN Inc. (NASDAQ:HSNI) traded up 0.13% during mid-day trading on Friday, hitting $37.20. 304,581 shares of the stock were exchanged. The company’s 50-day moving average price is $39.10 and its 200 day moving average price is $46.71. HSN Inc. has a 52 week low of $36.85 and a 52 week high of $63.32. The firm has a market capitalization of $1944.15 billion, a price-to-earnings ratio of 13.29 and a beta of 1.04.
HSN (NASDAQ:HSNI) last released its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. HSN had a net margin of 4.10% and a return on equity of 117.99%. The company had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $871.23 million. During the same quarter in the previous year, the company earned $0.81 EPS. HSN’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts expect that HSN Inc. will post $2.99 EPS for the current year.
HSNI has been the subject of several analyst reports. Zacks Investment Research lowered shares of HSN from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Wunderlich cut their price target on shares of HSN from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Monday, July 25th. TheStreet upgraded shares of HSN from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Maxim Group cut their price target on shares of HSN from $66.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Finally, FBR & Co cut their price target on shares of HSN from $53.00 to $51.00 and set a “mkt perform” rating for the company in a research report on Friday, August 5th. 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. HSN presently has an average rating of “Hold” and a consensus price target of $55.67.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction on Friday, August 19th. The shares were sold at an average price of $43.51, for a total value of $174,040.00. Following the sale, the director now directly owns 53,669 shares in the company, valued at approximately $2,335,138.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by company insiders.
HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.