Meeder Asset Management Inc bolstered its holdings by buying 125 shares an increase of 12.8% from 03/31/2017 to 06/30/2017. (NASDAQ:HSNI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Overall, volume was up 14.64% over the stocks normal daily volume.
Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc. raised its stake in HSN by 0.8% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer's stock worth $100,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. boosted its position in shares of HSN by 23,031.4% in the first quarter. Vanguard Group Inc. boosted its position in shares of HSN by 8.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the specialty retailer's stock worth $301,000 after buying an additional 200 shares in the last quarter. Finally, State Street Corp boosted its position in shares of HSN by 0.4% in the first quarter. Retirement Systems of Alabama now owns 41,241 shares of the specialty retailer's stock worth $1,530,000 after buying an additional 129 shares during the period. Public Employees Retirement Association of Colorado's holdings in HSN were worth $228,000 at the end of the most recent reporting period. 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. The institutional investors in our partner's database now own: 30.10 million shares, down from 30.99 million shares in 2016Q3. The value of the total investment in HSN, Inc. decreased from $16,000 to $12,000 decreasing 25.0% since the last quarter. (NASDAQ:HSNI) traded up 1.69% during trading on Monday, hitting $39.00.
512K shares changed hands in the last trading session. The stock has a market cap of $2.04 billion, a P/E ratio of 18.46 and a beta of 1.30. The stock's average target of $54.75 is 40.56% above today's ($38.95) share price.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. HSN had a return on equity of 72.70% and a net margin of 3.15%. The business had revenue of $785.40 million for the quarter, compared to analysts' expectations of $785.22 million. Analysts expect that HSN, Inc. will post $2.43 EPS for the current year. The business's revenue for the quarter was down 3.8% compared to the same quarter previous year. On average, analysts predict that HSN, Inc. will post $2.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Moreover, Zebra Capital Management Llc has 0.76% invested in the company for 72,864 shares. The ex-dividend date was Monday the 5th of June 2017. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.65%. The ratio has increased, as 108 institutional investors increased and started new stock positions, while 62 trimmed and sold stakes in HSN Inc. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark laws.
HSNI has been the subject of a number of other reports.
Several analysts have recently weighed in on HSNI shares. ValuEngine downgraded shares of HSN from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.
On October 10 the stock rating was downgraded to "Hold" from " with a current price target of $43.00 in an announcement from Craig-Hallum. Zacks Investment Research cut shares of HSN from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $47.25.
COPYRIGHT VIOLATION NOTICE: "HSN, Inc". The Firm markets and sells a range of third party and merchandise directly to clients 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.