Scripps Networks Interactive, Inc (NASDAQ:SNI) had its target price raised by Royal Bank Of Canada from $76.00 to $90.00 in a research report report published on Thursday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on SNI. UBS AG reissued a neutral rating and set a $90.00 target price (up previously from $83.00) on shares of Scripps Networks Interactive in a research report on Tuesday, August 1st. Argus downgraded Scripps Networks Interactive from a buy rating to a hold rating in a research report on Tuesday, August 1st. Citigroup Inc. raised Scripps Networks Interactive from a sell rating to a neutral rating and boosted their target price for the company from $66.00 to $90.00 in a research report on Tuesday, August 1st. Needham & Company LLC downgraded Scripps Networks Interactive from a buy rating to a hold rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reissued a hold rating and set a $76.00 target price on shares of Scripps Networks Interactive in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $83.31.
Shares of Scripps Networks Interactive (NASDAQ SNI) traded up 0.11% on Thursday, hitting $85.67. 1,328,895 shares of the stock traded hands. The firm has a market cap of $11.12 billion, a PE ratio of 17.68 and a beta of 1.49. The firm has a 50 day moving average price of $78.60 and a 200 day moving average price of $74.97. Scripps Networks Interactive has a 52-week low of $59.32 and a 52-week high of $88.45.
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The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Thursday, August 31st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, August 29th. Scripps Networks Interactive’s dividend payout ratio (DPR) is presently 24.79%.
In other Scripps Networks Interactive news, major shareholder Edward W. Scripps sold 300,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $66.96, for a total value of $20,088,000.00. Following the completion of the sale, the insider now directly owns 232,071 shares in the company, valued at approximately $15,539,474.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Sagansky sold 1,159 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $87.83, for a total value of $101,794.97. Following the completion of the sale, the director now owns 9,457 shares of the company’s stock, valued at $830,608.31. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Scripps Networks Interactive by 6.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,175 shares of the company’s stock valued at $159,000 after buying an additional 138 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Scripps Networks Interactive during the first quarter valued at $147,000. Raub Brock Capital Management LP boosted its stake in shares of Scripps Networks Interactive by 2.7% in the first quarter. Raub Brock Capital Management LP now owns 189,978 shares of the company’s stock valued at $14,889,000 after buying an additional 4,947 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Scripps Networks Interactive by 2.3% in the first quarter. Retirement Systems of Alabama now owns 46,178 shares of the company’s stock valued at $3,619,000 after buying an additional 1,028 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Scripps Networks Interactive by 3.8% in the first quarter. Huntington National Bank now owns 5,164 shares of the company’s stock valued at $405,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.
Scripps Networks Interactive Company Profile
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.
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