Zebra Capital Management buys $2.2 Million stake in HSN (HSNI)

HSN (HSNI) : Zebra Capital Management scooped up 10,571 additional shares in HSN during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 45,483 shares of HSN which is valued at $2.2 Million.HSN makes up approximately 0.91% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates added HSNI to its portfolio by purchasing 3,983 company shares during the most recent quarter which is valued at $195,087.Blackrock Investment Management boosted its stake in HSNI in the latest quarter, The investment management firm added 4,942 additional shares and now holds a total of 188,882 shares of HSN which is valued at $9.3 Million. HSN makes up approx 0.01% of Blackrock Investment Management’s portfolio. Numeric Investors sold out all of its stake in HSNI during the most recent quarter. The investment firm sold 16,100 shares of HSNI which is valued $809,669.

HSN opened for trading at $48.35 and hit $50.02 on the upside on Friday, eventually ending the session at $49.66, with a gain of 2.82% or 1.36 points. The heightened volatility saw the trading volume jump to 3,84,479 shares. Company has a market cap of $2,597 M.

On the company’s financial health, HSN reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.55. The company had revenue of $816.77 million for the quarter, compared to analysts expectations of $838.85 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on HSN. Shares were Reiterated by Wunderlich on May 5, 2016 to “Buy” and Lowered the Price Target to $ 68 from a previous price target of $73 .

HSN Inc. is an interactive multi-channel retailer. The Company offers products and brand names to its customers including television online mobile catalogs and in retail and outlet stores. The Company markets and sells a range of third-party and private label merchandise directly to consumers which includes its television networks and digital platforms including mobile as well as through Cornerstone’s portfolio of catalogs and digital platforms including mobile. Its merchandise categories primarily consist of jewelry fashion such as apparel and accessories beauty and health and home and other including household home design electronics culinary and other. Its operating segments include HSN and Cornerstone. The Company engages in co-promotional partnerships with media companies. It engages in search engine marketing and targeted offline advertising.

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