BidaskClub Downgrades HSN, Inc. (HSNI) to Strong Sell

HSN, Inc. (NASDAQ:HSNI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded HSN from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Maxim Group set a $46.00 price objective on HSN and gave the company a “buy” rating in a research note on Thursday, May 4th. Craig Hallum set a $40.00 price objective on HSN and gave the company a “hold” rating in a research note on Thursday, May 4th. ValuEngine downgraded HSN from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Aegis raised HSN from a “hold” rating to a “buy” rating in a research note on Monday, May 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. HSN currently has an average rating of “Hold” and a consensus target price of $46.38.

Shares of HSN (HSNI) opened at 35.05 on Friday. The company’s 50 day moving average price is $37.98 and its 200-day moving average price is $36.06. HSN has a 52 week low of $30.75 and a 52 week high of $44.00. The stock has a market capitalization of $1.84 billion, a PE ratio of 15.72 and a beta of 1.34.

HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. HSN had a return on equity of 64.60% and a net margin of 3.36%. The business had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. During the same period in the previous year, the business earned $0.74 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Equities research analysts predict that HSN will post $2.43 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in HSN by 342.3% in the fourth quarter. Teachers Advisors LLC now owns 277,844 shares of the specialty retailer’s stock valued at $9,530,000 after buying an additional 215,022 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in HSN by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,315 shares of the specialty retailer’s stock valued at $420,000 after buying an additional 200 shares during the last quarter. First Trust Advisors LP boosted its position in HSN by 99.7% in the first quarter. First Trust Advisors LP now owns 59,909 shares of the specialty retailer’s stock valued at $2,223,000 after buying an additional 29,907 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in HSN by 11.7% in the first quarter. Deprince Race & Zollo Inc. now owns 774,154 shares of the specialty retailer’s stock valued at $28,721,000 after buying an additional 81,344 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in HSN by 34.7% in the first quarter. Russell Investments Group Ltd. now owns 487,544 shares of the specialty retailer’s stock valued at $18,086,000 after buying an additional 125,718 shares during the last quarter. Institutional investors own 58.54% of the company’s stock.

About HSN

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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