HSN, Inc. (HSNI) Sees Large Decrease in Short Interest
HSN, Inc. (NASDAQ:HSNI) saw a large drop in short interest in the month of October. As of October 13th, there was short interest totalling 1,484,991 shares, a drop of 27.1% from the September 29th total of 2,036,426 shares. Based on an average daily trading volume, of 414,000 shares, the short-interest ratio is currently 3.6 days. Approximately 4.7% of the company’s shares are sold short.
Shares of HSN (NASDAQ:HSNI) opened at 37.60 on Friday. The stock has a 50 day moving average price of $38.19 and a 200 day moving average price of $36.41. The firm has a market capitalization of $1.97 billion, a PE ratio of 16.86 and a beta of 1.33. HSN has a 1-year low of $30.75 and a 1-year high of $42.75.
HSN (NASDAQ:HSNI) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.05. The business had revenue of $821.40 million during the quarter, compared to the consensus estimate of $831.18 million. HSN had a return on equity of 64.60% and a net margin of 3.36%. HSN’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. Equities research analysts anticipate that HSN will post $2.47 earnings per share for the current fiscal year.
Several research firms have recently commented on HSNI. FBR & Co lifted their target price on HSN from $35.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Wednesday, July 12th. Aegis lowered their target price on HSN from $39.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 6th. Sidoti cut HSN from a “buy” rating to a “neutral” rating in a research note on Thursday, July 6th. Zacks Investment Research raised HSN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Maxim Group set a $61.00 target price on HSN and gave the company a “buy” rating in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.
Institutional investors have recently modified their holdings of the business. US Bancorp DE grew its holdings in HSN by 0.4% during the 2nd quarter. US Bancorp DE now owns 4,345 shares of the specialty retailer’s stock worth $139,000 after acquiring an additional 19 shares during the period. First Mercantile Trust Co. grew its holdings in HSN by 70.4% during the 2nd quarter. First Mercantile Trust Co. now owns 4,600 shares of the specialty retailer’s stock worth $147,000 after acquiring an additional 1,900 shares during the period. North Star Investment Management Corp. grew its holdings in HSN by 124.1% during the 2nd quarter. North Star Investment Management Corp. now owns 5,715 shares of the specialty retailer’s stock worth $182,000 after acquiring an additional 3,165 shares during the period. Thrivent Financial For Lutherans grew its holdings in HSN by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock worth $206,000 after acquiring an additional 440 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in HSN during the 2nd quarter worth about $239,000. Hedge funds and other institutional investors own 57.70% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “HSN, Inc. (HSNI) Sees Large Decrease in Short Interest” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/28/hsn-inc-hsni-sees-large-decrease-in-short-interest.html.
HSN Company Profile
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.
Receive News & Ratings for HSN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.