Maxim Group Initiates Coverage on HSN to Buy

Maxim Group Initiates Coverage on HSN(NASDAQ:HSNI). The shares have been rated Buy. The rating by Maxim Group was issued on Jun 9, 2016.

HSN (HSNI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.90% or 0.44 points. Due to strong positive momentum, the stock ended at $49.19, which is also near the day’s high of $49.64. The stock began the session at $48.81 and the volume stood at 4,47,392 shares. The 52-week high of the shares is $75.4299 and the 52 week low is $40.83. The company has a current market capitalization of $2,572 M and it has 5,22,85,790 shares in outstanding.

HSN(HSNI) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $816.76M. Analysts had an estimated revenue of $837.10M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Nov 4, 2015, Mindy F Grossman (CEO) sold 53,253 shares at $61.85 per share price.Also, 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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