BidaskClub upgraded shares of HSN (NASDAQ:HSNI) from a sell rating to a hold rating in a report issued on Wednesday.

Several other equities analysts have also recently commented on HSNI. B. Riley restated a neutral rating on shares of HSN in a report on Thursday, November 2nd. UBS Group lowered their price target on shares of HSN from $46.00 to $45.00 and set a buy rating on the stock in a report on Thursday, November 9th. Finally, Zacks Investment Research cut shares of HSN from a hold rating to a sell rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $43.00.

HSN (NASDAQ HSNI) opened at $43.25 on Wednesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.60 and a current ratio of 1.53. HSN has a fifty-two week low of $30.90 and a fifty-two week high of $44.15. The company has a market cap of $2,302.79, a price-to-earnings ratio of 19.77, a PEG ratio of 2.04 and a beta of 1.41.

HSN (NASDAQ:HSNI) last posted its quarterly earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 EPS for the quarter, missing the 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 company had revenue of $782.56 million for the quarter, compared to analysts’ expectations of $804.04 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue was down 4.9% on a year-over-year basis. sell-side analysts predict that HSN will post 2.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, December 6th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, December 5th. HSN’s payout ratio is presently 65.12%.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of HSN by 2.9% in the 2nd quarter. BlackRock Inc. now owns 3,334,104 shares of the specialty retailer’s stock valued at $106,357,000 after purchasing an additional 93,621 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of HSN by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,779,690 shares of the specialty retailer’s stock valued at $88,673,000 after purchasing an additional 97,182 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of HSN by 2.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,478,595 shares of the specialty retailer’s stock valued at $47,167,000 after purchasing an additional 40,011 shares during the last quarter. State Street Corp lifted its stake in shares of HSN by 6.0% in the 2nd quarter. State Street Corp now owns 1,210,032 shares of the specialty retailer’s stock valued at $38,604,000 after purchasing an additional 68,075 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in HSN by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 989,913 shares of the specialty retailer’s stock worth $31,578,000 after acquiring an additional 84,636 shares during the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for HSN (NASDAQ:HSNI)

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