HSN, Inc. (NASDAQ:HSNI):
WeissLaw LLP: HSN, Inc. Merger May Not Be in the Best Interests of HSNI Shareholders.
The company is down from yesterday’s close of $38.4.
HSN, Inc. declared a dividend for shareholders paid on Wednesday the 21st of June 2017. The dividend was $0.350 per share for the quarter or $1.40 on an annualized basis. This dividend represents a yeild of $3.54 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 5th of June 2017.
HSN, Inc., launched on May 9, 2008, 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. The Company operates through two segments: HSN and Cornerstone. HSN offerings consist of jewelry, fashion (apparel and accessories), beauty and health (including beauty, wellness and fitness), and home and other (including home, electronics, culinary and other). Merchandise offered by Cornerstone consists of home furnishings (including indoor/outdoor furniture, home decor, tabletop, textiles and other home related goods), and apparel and accessories..
Company chares are trading at $38.30 which is marginally higher than $33.04, the stock’s 50 day moving average and which is just over the 200 day moving average of $35.22. The 50 day moving average went up $5.28 or +15.991% whereas the 200 day moving average was up $3.11 or +8.820%.
HSN, Inc. currently has a P/E ratio of 18.164 and the market cap of the company is 2.01B. In the last earnings report the EPS was $2.11 and is estimated to be $2.42 for the current year with 52,375,000 shares now outstanding. Next quarter’s EPS is expected be $0.45 and the next full year EPS is anticipated to be $2.78.
Traders are a little more bearish on shares of the company of late if you look at the motion in short interest. The firm realized a rise in short interest of 4.91% as of the latest report on May 31, 2017. Short interest increased 88,981 over that period. Days to cover increased from 4.1 to 4.8 and the percentage of shorted shares was 0.04% on May 31.
Brokerage firms have issued ratings on HSNI recently. On October 10 the stock rating was downgraded to “Hold” from “” and a price target of $43.00 was set in a report issued by Craig-Hallum. On October 6 the company was downgraded from “” to “Hold” with a current price target of $43.00 in a statement from .
On October 6 the stock rating was downgraded to “Hold” from “Buy” and a price target of $43.00 was set in an announcement from Citigroup. Citigroup downgraded the stock and lowered the price target on October 6 changing the price target from $58.00 to $43.00 and altering the rating from “Buy” to “Hold”.
On September 20, 2016 Bank of America started covering HSNI by announcing an initial rating of “Underperform” and projecting a price target of $33.00. September 15 investment analysts at Citigroup left the stock rating at “Buy” but lowered the price target to $58.00 from $82.00.