Citigroup Maintains HSN to Buy with Price Target $53.00

Brokerage firm Citigroup Maintains its rating on HSN(NASDAQ:HSNI). In a research note issued to the investors, the brokerage major Lowers the price-target to $53.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Sep 15, 2016.

In a different note, On Sep 14, 2016, Sidoti & Co. said it Maintains its rating on HSN. In the research note, the firm Lowers the price-target to $62.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Citigroup said it Maintains its rating on HSN. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, UBS said it Maintains its rating on HSN. In the research note, the firm Lowers the price-target to $64.00 per share. The shares have been rated ‘Buy’ by the firm.

HSN (HSNI) shares turned negative on Tuesdays trading session with the shares closing down -2.38 points or -5.88% at a volume of 9,40,152. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.825. The peak price level was also seen at $39.825 while the days lowest was $37.34. Finally the shares closed at $38.12. The 52-week high of the shares is $63.44 while the 52-week low is $37.34. According to the latest information available, the market cap of the company is $1,992 M.

HSN(HSNI) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $854.31M. Analysts had an estimated revenue of $873.09M. Earnings per share were $0.74. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Thomas Mcinerney (director) sold 4,000 shares at $43.51 per share price.Also, On Nov 4, 2015, Mindy F Grossman (CEO) sold 53,253 shares at $61.85 per share price.On Jul 2, 2015, William C Brand (President, HSN) sold 3,000 shares at $70.47 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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