HSN Inc. (NASDAQ:HSNI) – Research analysts at Craig Hallum decreased their Q3 2016 earnings per share (EPS) estimates for HSN in a research report issued on Monday. Craig Hallum analyst A. Fuhrman now forecasts that the brokerage will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.52. Craig Hallum currently has a “Hold” rating and a $42.00 price target on the stock. Craig Hallum also issued estimates for HSN’s FY2016 earnings at $2.90 EPS, Q1 2017 earnings at $0.54 EPS and Q3 2017 earnings at $0.51 EPS.
HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. HSN had a net margin of 4.10% and a return on equity of 117.99%. The company earned $854.30 million during the quarter, compared to the consensus estimate of $871.23 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year.
A number of other research analysts have also commented on HSNI. Maxim Group cut their price target on HSN from $66.00 to $61.00 and set a “buy” rating for the company in a report on Friday, August 5th. TheStreet upgraded HSN from a “hold” rating to a “buy” rating in a report on Monday, August 1st. FBR & Co cut their price target 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 lowered HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Wunderlich cut their price target 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 given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $55.67.
HSN (NASDAQ:HSNI) opened at 38.18 on Wednesday. The stock’s 50 day moving average is $40.33 and its 200 day moving average is $47.84. The firm has a market cap of $2.00 billion, a P/E ratio of 13.62 and a beta of 1.04. HSN has a one year low of $37.34 and a one year high of $63.44.
Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position 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 period. Deprince Race & Zollo Inc. acquired a new position in HSN during the second quarter worth approximately $27,841,000. Point72 Asset Management L.P. acquired a new position in HSN during the second quarter worth approximately $15,560,000. Renaissance Technologies LLC boosted its position 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 period. Finally, Emerald Acquisition Ltd. acquired a new position in HSN during the second quarter worth approximately $13,066,000. 63.67% of the stock is owned by institutional investors.
In other HSN news, Director Thomas Mcinerney sold 4,000 shares of HSN stock in a transaction on Friday, August 19th. The stock was sold at an average price of $43.51, for a total value of $174,040.00. Following the completion of the transaction, the director now directly owns 53,669 shares of the company’s stock, valued at approximately $2,335,138.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were issued a $0.35 dividend. The ex-dividend date was Friday, September 2nd. This represents a $1.40 annualized dividend and a yield of 3.67%. HSN’s dividend payout ratio is presently 50.00%.