HSN, Inc. (NASDAQ:HSNI) Sees Unusual Trading Volume in Its Shares

Modesto Morganelli
Luglio 18, 2017

Bank of America initiated coverage giving it an initial rating of "Underperform" and a price target of $33.00.

512K shares changed hands in the last trading session. RidgeWorth Capital Management LLC now owns 1,659,280 shares of the specialty retailer's stock valued at $61,559,000 after buying an additional 62,199 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of HSN by 22.7% in the first quarter. New York State Teachers Retirement System now owns 57,062 shares of the specialty retailer's stock valued at $1,957,000 after buying an additional 3,100 shares during the last quarter.

On October 10 the company was downgraded from " to "Hold" and a price target of $43.00 was set in a report issued by Craig-Hallum. HSN has an average rating of Hold and an average price target of $47.25. Louisiana State Employees Retirement System increased its position in HSN by 2.5% in the first quarter. The firm owned 6,150 shares of the specialty retailer's stock at the end of the first quarter.

Shares of HSN (HSNI) traded up 1.69% during midday trading on Tuesday, hitting $39.00. ValuEngine cut HSN from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. The value of the total investment in HSN, Inc. decreased from $16,000 to $12,000 decreasing 25.0% since the last quarter. The company has a market cap of $2.01 billion, a P/E ratio of 18.18 and a beta of 1.30. Eagle Asset Management Inc. boosted its position in shares of HSN by 13.0% in the first quarter. Retirement Systems of Alabama now owns 41,241 shares of the specialty retailer's stock valued at $1,530,000 after buying an additional 129 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of HSN during the fourth quarter worth approximately $279,000. Zacks Investment Research downgraded HSN from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 25th. BidaskClub upgraded HSN from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 27th. The stock's 50-day moving average is $33.04 and its 200 day moving average is $35.22.

HSN (NASDAQ:HSNI) last posted its quarterly earnings results on Wednesday, May 3rd. Finally, Aegis raised shares of HSN from a "hold" rating to a "buy" rating in a research note on Monday, May 8th. The specialty retailer reported $0.40 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.40. The firm had revenue of $785.40 million for the quarter, compared to analyst estimates of $785.22 million. HSN had a net margin of 3.15% and a return on equity of 72.70%. HSN's revenue was down 3.8% compared to the same quarter previous year. During the same period in the prior year, the company posted $0.54 EPS. On average, analysts predict that HSN, Inc. will post $2.43 earnings per share for the current year.

The company recently announced a dividend that was paid on Wed Jun 21, 2017. Moreover, Zebra Capital Management Llc has 0.76% invested in the company for 72,864 shares. The ex-dividend date of this dividend was Monday, June 5th. This dividend amount represented a yeild of $3.65. HSN's dividend payout ratio is presently 66.67%. If you are accessing this report on another publication, it was stolen and republished in violation of United States & global copyright & trademark laws. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Federated Investors Inc. PA now owns 36,986 shares of the specialty retailer's stock valued at $1,269,000 after buying an additional 17,305 shares during the last quarter.

HSN, Inc., launched on May 9, 2008, is an interactive multi-channel retailer. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/07/16/sidoti-downgrades-hsn-inc-nasdaqhsni-to-neutral-updated.html. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.

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