Royce & Associates LP decreased its position in shares of HSN, Inc. (NASDAQ:HSNI) by 4.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,215 shares of the specialty retailer’s stock after selling 2,507 shares during the quarter. Royce & Associates LP owned approximately 0.11% of HSN worth $2,156,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Alpine Associates Management Inc. bought a new position in HSN during the 3rd quarter valued at about $20,796,000. Vivaldi Asset Management LLC purchased a new stake in HSN in the 3rd quarter valued at about $2,978,000. Schwab Charles Investment Management Inc. boosted its position in HSN by 16.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 319,740 shares of the specialty retailer’s stock valued at $12,486,000 after buying an additional 46,082 shares during the period. Legal & General Group Plc lifted its position in shares of HSN by 19.6% in the 3rd quarter. Legal & General Group Plc now owns 35,361 shares of the specialty retailer’s stock worth $1,379,000 after purchasing an additional 5,791 shares during the period. Finally, K2 Principal Fund L.P. purchased a new stake in shares of HSN in the 3rd quarter worth approximately $922,000. Institutional investors own 57.49% of the company’s stock.
Shares of HSN, Inc. (NASDAQ HSNI) traded down $1.60 on Friday, hitting $40.35. 11,572,300 shares of the company’s stock were exchanged, compared to its average volume of 536,533. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 2.02. HSN, Inc. has a 1-year low of $30.90 and a 1-year high of $44.15. The firm has a market capitalization of $2,120.00, a PE ratio of 18.68, a PEG ratio of 1.64 and a beta of 1.41.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). HSN had a net margin of 3.29% and a return on equity of 56.55%. The business had revenue of $782.56 million during the quarter, compared to analysts’ expectations of $804.04 million. During the same period in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. equities analysts forecast that HSN, Inc. will post 2.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, December 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.47%. HSN’s dividend payout ratio is currently 64.81%.
A number of brokerages have issued reports on HSNI. B. Riley restated a “hold” rating on shares of HSN in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of HSN from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. UBS Group lowered their price target on shares of HSN from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.00.
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HSN Company Profile
HSN, Inc is an interactive multi-channel retailer. 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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