HSN, Inc. (HSNI) Stock Price Up 0% Following Dividend Announcement

HSN, Inc. (NASDAQ:HSNI) rose 0% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $39.55 and last traded at $38.70. Approximately 875,584 shares traded hands during mid-day trading, an increase of 216% from the average daily volume of 276,918 shares. The stock had previously closed at $38.70.

The newly announced dividend which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $1.40 annualized dividend and a dividend yield of 3.52%. HSN’s dividend payout ratio is presently 65.12%.

HSNI has been the subject of several research reports. BidaskClub downgraded HSN from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. B. Riley restated a “neutral” rating on shares of HSN in a research note on Thursday, November 2nd. Zacks Investment Research downgraded HSN from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, UBS AG reduced their target price on HSN from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.00.

The stock has a market cap of $2,080.00, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 2.02.

HSN (NASDAQ:HSNI) last announced its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share 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 the consensus estimate of $804.04 million. During the same period in the previous year, the business posted $0.52 EPS. HSN’s revenue was down 4.9% compared to the same quarter last year. equities analysts expect that HSN, Inc. will post 2.41 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HSNI. US Bancorp DE lifted its position in shares of HSN by 0.4% during the 2nd quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock worth $139,000 after buying an additional 19 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of HSN by 70.4% during the 2nd quarter. First Mercantile Trust Co. now owns 4,600 shares of the specialty retailer’s stock worth $147,000 after buying an additional 1,900 shares in the last quarter. North Star Investment Management Corp. lifted its position in shares of HSN by 124.1% during the 2nd quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock worth $182,000 after buying an additional 3,165 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of HSN by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock worth $206,000 after buying an additional 440 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of HSN by 47.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 7,180 shares of the specialty retailer’s stock worth $280,000 after buying an additional 2,300 shares in the last quarter. 58.15% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://stocknewstimes.com/2017/11/11/hsn-inc-hsni-stock-price-up-0-following-dividend-announcement.html.

About HSN

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.

Receive News & Ratings for HSN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply