The Best Stock in Tennessee: Scripps Network Interactive
We analyzed publicly traded companies based in the Volunteer State to identify the best stock in Tennessee to buy now.
We scoured the nation to identify the best stock in every state. Scripps Network Interactive (symbol SNI) is the publicly traded company we picked in Tennessee. The company headquarters is located in Knoxville.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Scripps Network Interactive by the Numbers
- Headquarters: Knoxville
- Share price: $66.61
- Market value: $8.6 billion
- Price-earnings ratio: 12
(Prices and data are as of June 22, 2017)
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Scripps owns Food Network, HGTV, DIY Network and the Cooking Channel, along with other national television networks. The company owns 98% of the content it airs on its channels, and it produces programming more cheaply than competitors. Scripps spends $550 million annually to create 2,500 hours of content, less than half of what Discovery Communications spends for roughly the same number of hours. Scripps recently inked a deal to bring new short-form programming to Snapchat, in hopes of reaching the next generation of viewers, but its bread and butter comes from its core viewership of wealthy, 24- to 54-year-old women – a lucrative demographic for advertisers. Scripps derives 68% of revenues from ad sales. A recent study found that more than 30% of viewers of both Food Network and HGTV were likely to buy products advertised on the network, “making the channels the most influential in the U.S.,” according to research from Morningstar. CFRA analyst Tuna Amobi rates the stock a “buy” with a 12-month price target of $80.
Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.
-
Use An iPhone? You May Be Hearing From A Class-Action Lawsuit Group
A handful of suits against the iPhone maker seek to crack down on everything from app store purchases to messaging.
By Keerthi Vedantam Published
-
Capital One/Discover: What's In Their Wallet For You?
Push back on Capital One's planned merger with Discover is growing with one group of consumer advocates calling for a public hearing.
By Keerthi Vedantam Published
-
Stock Market Today: Dow Outperforms as Merck Hits New High
The S&P 500 and Dow Jones Industrial Average snapped three-day losing streaks as drugmaker Merck rallied.
By Karee Venema Published
-
Stock Market Today: S&P 500, Dow Extend Losing Streaks
Reddit stock continued to charge higher and has now nearly doubled in price since last week's IPO.
By Karee Venema Published
-
Stock Market Today: Bitcoin, Boeing Shine as Stocks Slip
Digital World Acquisition sizzled, too, ahead of its merger with Trump Media & Technology Group.
By Karee Venema Published
-
Stock Market Today: Dow Retreats After Nike Earnings
The Nasdaq Composite managed to notch a new record close Friday, building on the week's impressive gains.
By Karee Venema Published
-
Stock Market Today: Stocks Hit New Highs as Rate-Cut Momentum Continues
Reddit sizzled in its market debut, while Apple slumped after the tech giant was slapped with an antitrust lawsuit.
By Karee Venema Published
-
Stock Market Today: Stocks Climb After Fed Forecasts Three Rate Cuts This Year
The main indexes notched new record closes Wednesday after the Federal Reserve kept its outlook for rate cuts unchanged.
By Karee Venema Published
-
Stock Market Today: Stocks Close Higher After Nvidia's Reversal
The main indexes erased early losses Tuesday as mega-cap tech stock Nvidia swung higher.
By Karee Venema Published
-
Stock Market Today: Nasdaq Soars on Strength in Magnificent 7 Stocks
The main indexes started the week strong after several mega-cap stocks rallied.
By Karee Venema Published