BB&T Corp Sells 58,860 Shares of HSN, Inc. (HSNI)
BB&T Corp cut its holdings in HSN, Inc. (NASDAQ:HSNI) by 78.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,084 shares of the specialty retailer’s stock after selling 58,860 shares during the quarter. BB&T Corp’s holdings in HSN were worth $628,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in HSNI. UBS Asset Management Americas Inc. boosted its stake in HSN by 45,803.8% in the first quarter. UBS Asset Management Americas Inc. now owns 11,935 shares of the specialty retailer’s stock valued at $443,000 after acquiring an additional 11,909 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in HSN by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 86,977 shares of the specialty retailer’s stock valued at $3,227,000 after acquiring an additional 3,817 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in HSN by 11.3% in the first quarter. Parametric Portfolio Associates LLC now owns 77,988 shares of the specialty retailer’s stock valued at $2,893,000 after acquiring an additional 7,945 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in HSN by 20.7% in the first quarter. OppenheimerFunds Inc. now owns 25,306 shares of the specialty retailer’s stock valued at $939,000 after acquiring an additional 4,335 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in HSN by 2.2% in the first quarter. Principal Financial Group Inc. now owns 125,182 shares of the specialty retailer’s stock valued at $4,644,000 after acquiring an additional 2,669 shares during the last quarter. 57.80% of the stock is currently owned by hedge funds and other institutional investors.
HSN, Inc. (NASDAQ:HSNI) opened at 37.70 on Wednesday. The company has a market capitalization of $1.97 billion, a PE ratio of 16.91 and a beta of 1.33. The stock’s 50 day moving average is $38.19 and its 200-day moving average is $36.43. HSN, Inc. has a 12 month low of $30.75 and a 12 month high of $42.75.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data 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 net margin of 3.36% and a return on equity of 64.60%. The company had revenue of $821.40 million for the quarter, compared to analyst estimates of $831.18 million. During the same period in the prior year, the firm posted $0.74 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts expect that HSN, Inc. will post $2.47 EPS for the current year.
A number of equities analysts have issued reports on the stock. FBR & Co raised their price objective on shares of HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Wednesday, July 12th. Aegis reduced their price objective on shares of HSN from $39.00 to $37.00 and set a “hold” rating on the stock in a research note on Thursday, July 6th. Sidoti cut shares of HSN from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of HSN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Maxim Group set a $61.00 price objective on shares of HSN and gave the company a “buy” rating in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.00.
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HSN Company Profile
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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