New Jersey Better Educational Savings Trust boosted its stake in HSN Inc. (NASDAQ:HSNI) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the company’s stock after buying an additional 1,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in HSN were worth $489,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in HSN during the first quarter worth approximately $233,000. Aperio Group LLC bought a new position in HSN during the first quarter worth approximately $266,000. Scotia Capital Inc. bought a new position in HSN during the first quarter worth approximately $357,000. 1st Global Advisors Inc. boosted its position in HSN by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 8,621 shares of the company’s stock worth $422,000 after buying an additional 132 shares during the period. Finally, BlackRock Inc. boosted its position in HSN by 10.7% in the first quarter. BlackRock Inc. now owns 12,650 shares of the company’s stock worth $662,000 after buying an additional 1,219 shares during the period. 63.65% of the stock is owned by institutional investors and hedge funds.
HSN Inc. (NASDAQ:HSNI) traded up 0.13% during mid-day trading on Friday, reaching $37.20. 304,581 shares of the company’s stock were exchanged. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 13.27 and a beta of 1.04. HSN Inc. has a one year low of $36.85 and a one year high of $63.32. The stock has a 50-day moving average of $39.10 and a 200-day moving average of $46.71.
HSN (NASDAQ:HSNI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The firm earned $854.30 million during the quarter, compared to the consensus estimate of $871.23 million. HSN had a return on equity of 117.99% and a net margin of 4.10%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. On average, equities research analysts anticipate that HSN Inc. will post $2.99 earnings per share for the current year.
A number of research analysts have recently commented on HSNI shares. Bank of America Corp. started coverage on shares of HSN in a report on Tuesday, September 20th. They issued an “underperform” rating for the company. Citigroup Inc. lowered their price objective on HSN from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, September 15th. TheStreet downgraded HSN from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Craig Hallum downgraded HSN from a “buy” rating to a “hold” rating and lowered their price objective for the company from $62.00 to $42.00 in a research note on Monday, October 10th. Finally, Axiom Securities lowered their price objective on HSN from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. HSN presently has a consensus rating of “Hold” and an average price target of $55.67.
In other news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $43.51, for a total transaction of $174,040.00. Following the completion of the sale, the director now owns 53,669 shares in the company, valued at approximately $2,335,138.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
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.