HSN (HSNI) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 61

HSN (HSNI) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 61 from a previous price target of $66 . Maxim Group advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on HSN. Shares were Reiterated by FBR Capital on Aug 5, 2016 to “Mkt Perform” and Lowered the Price Target to $ 51 from a previous price target of $53 .Shares were Reiterated by Wunderlich on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 62 from a previous price target of $68 .Maxim Group Initiated HSN on Jun 9, 2016 to “Buy”, Price Target of the shares are set at $66.

On the company’s financial health, HSN reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.71. The company had revenue of $854.30 million for the quarter, compared to analysts expectations of $870.41 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

HSN closed down -5.23 points or -9.99% at $47.1 with 15,51,663 shares getting traded on Thursday. Post opening the session at $51.5, the shares hit an intraday low of $45.75 and an intraday high of $52.59 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Nov 4, 2015, Mindy F Grossman (CEO) sold 53,253 shares at $61.85 per share price. According to the SEC, on Jul 2, 2015, William C Brand (President, HSN) sold 3,000 shares at $70.47 per share price. On May 27, 2015, Judy Schmeling (CFO & COO) sold 19,381 shares at $68.21 per share price, according to the Form-4 filing with the securities and exchange commission.

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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