State of New Jersey Common Pension Fund D reduced its position in HSN, Inc. (NASDAQ:HSNI) by 28.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,000 shares of the specialty retailer’s stock after selling 150,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in HSN were worth $11,803,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HSNI. BlackRock Inc. raised its position in HSN by 23,031.4% in the first quarter. BlackRock Inc. now owns 3,240,483 shares of the specialty retailer’s stock worth $120,222,000 after buying an additional 3,226,474 shares during the period. Vanguard Group Inc. raised its position in HSN by 8.5% in the first quarter. Vanguard Group Inc. now owns 2,682,508 shares of the specialty retailer’s stock worth $99,521,000 after buying an additional 209,968 shares during the period. RidgeWorth Capital Management LLC raised its position in HSN by 3.9% in the first quarter. RidgeWorth Capital Management LLC now owns 1,659,280 shares of the specialty retailer’s stock worth $61,559,000 after buying an additional 62,199 shares during the period. Eagle Asset Management Inc. raised its position in HSN by 13.0% in the first quarter. Eagle Asset Management Inc. now owns 1,438,584 shares of the specialty retailer’s stock worth $53,371,000 after buying an additional 165,998 shares during the period. Finally, State Street Corp raised its position in HSN by 0.4% in the first quarter. State Street Corp now owns 1,141,957 shares of the specialty retailer’s stock worth $42,365,000 after buying an additional 4,452 shares during the period. 59.54% of the stock is owned by hedge funds and other institutional investors.
Shares of HSN, Inc. (NASDAQ:HSNI) opened at 37.55 on Thursday. HSN, Inc. has a 52-week low of $30.75 and a 52-week high of $46.36. The company has a 50 day moving average price of $37.07 and a 200-day moving average price of $35.98. The stock has a market capitalization of $1.97 billion, a P/E ratio of 17.80 and a beta of 1.34.
HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.05. HSN had a return on equity of 64.60% and a net margin of 3.36%. The firm had revenue of $821.40 million for the quarter, compared to analysts’ expectations of $831.18 million. During the same period last year, the firm earned $0.74 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts predict that HSN, Inc. will post $2.40 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, September 1st. HSN’s dividend payout ratio (DPR) is presently 63.06%.
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A number of equities analysts have recently weighed in on HSNI shares. Zacks Investment Research lowered HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. BidaskClub raised HSN from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. ValuEngine lowered HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Craig Hallum set a $40.00 price objective on HSN and gave the stock a “hold” rating in a research note on Thursday, May 4th. Finally, Sidoti lowered HSN from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.38.
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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