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.
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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