HSN, Inc. (NASDAQ:HSNI) was the recipient of a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 904,118 shares, a decrease of 40.9% from the December 15th total of 1,530,106 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,681,015 shares, the short-interest ratio is currently 0.5 days.

HSNI has been the topic of several analyst reports. BidaskClub upgraded HSN from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. B. Riley reiterated a “hold” rating and set a $36.00 price target on shares of HSN in a research report on Thursday, November 9th. Zacks Investment Research cut HSN from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, UBS Group decreased their price target on HSN from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. HSN has a consensus rating of “Hold” and a consensus price target of $43.17.

HSN (NASDAQ:HSNI) opened at $40.35 on Thursday. HSN has a twelve month low of $30.90 and a twelve month high of $44.15. The company has a current ratio of 1.53, a quick ratio of 0.60 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $2,120.00, a PE ratio of 18.68, a PEG ratio of 1.64 and a beta of 1.41.

HSN (NASDAQ:HSNI) last issued its quarterly earnings data on Wednesday, November 8th. The specialty retailer reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). HSN had a return on equity of 56.55% and a net margin of 3.29%. The business had revenue of $782.56 million for the quarter, compared to analysts’ expectations of $804.04 million. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. research analysts forecast that HSN will post 2.32 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of HSNI. PineView Asset Management LP grew its holdings in shares of HSN by 206.0% during the second quarter. PineView Asset Management LP now owns 956,256 shares of the specialty retailer’s stock worth $30,505,000 after purchasing an additional 643,765 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of HSN during the third quarter worth about $20,796,000. Magnetar Financial LLC purchased a new position in shares of HSN during the third quarter worth about $19,676,000. Victory Capital Management Inc. grew its holdings in shares of HSN by 4,102.0% during the third quarter. Victory Capital Management Inc. now owns 499,324 shares of the specialty retailer’s stock worth $19,498,000 after purchasing an additional 487,441 shares in the last quarter. Finally, Koch Industries Inc. grew its holdings in shares of HSN by 6,451.3% during the second quarter. Koch Industries Inc. now owns 383,449 shares of the specialty retailer’s stock worth $372,000 after purchasing an additional 377,596 shares in the last quarter. 57.49% of the stock is owned by institutional investors.

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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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