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.

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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.

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