HSN, Inc. (NASDAQ:HSNI) Rating Lowered to Neutral at Sidoti

Paterniano Del Favero
Luglio 23, 2017

(NASDAQ:HSNI) by 24.4% during the first quarter, according to its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HSNI. Guggenheim Capital LLC boosted its position in shares of HSN by 105.3% in the fourth quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer's stock worth $139,000 after buying an additional 19 shares during the last quarter. Paloma Partners Management Co raised its stake in shares of HSN by 178.7% in the first quarter. Advantus Capital Management Inc now owns 4,090 shares of the specialty retailer's stock worth $152,000 after buying an additional 228 shares during the last quarter. Norges Bank acquired a new stake in shares of HSN during the fourth quarter valued at $20,430,000. 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 period. Oregon Public Employees Retirement Fund boosted its stake in HSN by 1.8% in the first quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer's stock valued at $182,000 after buying an additional 3,165 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of HSN by 0.3% in the first quarter. First Mercantile Trust Co. now owns 2,700 shares of the specialty retailer's stock valued at $100,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 59.54% of the company's stock.

HSN, Inc. has a 12 month low of $30.75 and a 12 month high of $52.81.

Investors and Traders continue to monitor technical levels of shares of HSN, Inc.

999K shares changed hands in the last trading session. The company has a 50-day moving average price of $34.02 and a 200-day moving average price of $35.40. The company has market cap of $2.10 billion. HSN (NASDAQ:HSNI) last released its earnings results on Wednesday, May 3rd. The specialty retailer reported $0.40 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.40. The firm had revenue of $785.40 million for the quarter, compared to analysts' expectations of $785.22 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts predict that HSN, Inc. will post $2.43 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: "North Star Investment Management Corp".

Analysts' mean recommendation for HSN, Inc. "(HSNI)" was published by BNB Daily and is owned by of BNB Daily. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and worldwide copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/22/hsn-inc-nasdaqhsni-price-target-cut-to-37-00-updated.html. (NASDAQ HSNI) opened at 39.90 on Friday. Zacks Investment Research upgraded shares of HSN from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 5th. Equity analyst Citigroup lowered the price target and downgraded the stock on October 6 changing the price target from $58.00 to $43.00 and setting the rating at "Hold" which had previously been "Buy". Craig Hallum set a $40.00 price objective on shares of HSN and gave the stock a "hold" rating in a research report on Thursday, May 4th. Sidoti cut shares of HSN from a "buy" rating to a "neutral" rating in a research note on Thursday, July 6th. Finally, Aegis initiated coverage on shares of HSN in a research report on Tuesday, April 11th. They set a "hold" rating and a $41.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock closing price is now trading upward to its 50 day moving average with change of 14.29%, escalated to its 20 day moving average with figure of 12.99% and above its 200 day moving average with value 8.40%.

Presently HSN, Inc. (NASDAQ:HSNI) stock have an ABR of 2.29. 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.

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