Shares of HSN, Inc. (NASDAQ:HSNI) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $44.71.

HSNI has been the subject of a number of research reports. Zacks Investment Research lowered shares of HSN from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. Maxim Group set a $46.00 price target on shares of HSN and gave the company a “buy” rating in a research report on Thursday, May 4th. Craig Hallum set a $40.00 price target on shares of HSN and gave the company a “hold” rating in a research report on Thursday, May 4th. ValuEngine lowered shares of HSN from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Aegis raised shares of HSN from a “hold” rating to a “buy” rating in a research report on Monday, May 8th.

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Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of HSN by 2.9% in the second quarter. BlackRock Inc. now owns 3,334,104 shares of the specialty retailer’s stock valued at $106,357,000 after buying an additional 93,621 shares during the last quarter. Vanguard Group Inc. raised its position in shares of HSN by 3.6% in the second quarter. Vanguard Group Inc. now owns 2,779,690 shares of the specialty retailer’s stock valued at $88,673,000 after buying an additional 97,182 shares during the last quarter. RidgeWorth Capital Management LLC raised its position in shares of HSN by 3.9% in the first quarter. RidgeWorth Capital Management LLC now owns 1,659,280 shares of the specialty retailer’s stock valued at $61,559,000 after buying an additional 62,199 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of HSN by 2.8% in the second quarter. Eagle Asset Management Inc. now owns 1,478,595 shares of the specialty retailer’s stock valued at $47,167,000 after buying an additional 40,011 shares during the last quarter. Finally, State Street Corp raised its position in shares of HSN by 6.0% in the second quarter. State Street Corp now owns 1,210,032 shares of the specialty retailer’s stock valued at $38,604,000 after buying an additional 68,075 shares during the last quarter. 58.54% of the stock is owned by hedge funds and other institutional investors.

Shares of HSN (NASDAQ:HSNI) traded up 1.29% during trading on Tuesday, hitting $35.40. 222,300 shares of the stock were exchanged. HSN has a 52-week low of $30.75 and a 52-week high of $44.24. The firm has a 50 day moving average of $38.07 and a 200-day moving average of $36.08. The stock has a market cap of $1.85 billion, a PE ratio of 15.87 and a beta of 1.34.

HSN (NASDAQ:HSNI) last released its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.05. HSN had a net margin of 3.36% and a return on equity of 64.60%. The company had revenue of $821.40 million during the quarter, compared to analyst estimates of $831.18 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that HSN will post $2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Wednesday, September 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Friday, September 1st. HSN’s payout ratio is currently 63.06%.

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.

Analyst Recommendations for HSN (NASDAQ:HSNI)

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