Zebra Capital Management buys $2,480,160 stake in HSN (HSNI)

HSN (HSNI) : Zebra Capital Management scooped up 9,026 additional shares in HSN during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 54,509 shares of HSN which is valued at $2,480,160.HSN makes up approximately 0.83% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management sold out all of its stake in HSNI during the most recent quarter. The investment firm sold 5,175 shares of HSNI which is valued $235,463.Bnp Paribas Investment Partners S.a. reduced its stake in HSNI by selling 589 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 75,184 shares of HSNI which is valued at $3,400,572. HSN makes up approx 0.03% of Bnp Paribas Investment Partners S.a.’s portfolio. Glenmede Trust Co Na sold out all of its stake in HSNI during the most recent quarter. The investment firm sold 55 shares of HSNI which is valued $2,461. Strs Ohio sold out all of its stake in HSNI during the most recent quarter. The investment firm sold 1,800 shares of HSNI which is valued $91,458.

HSN opened for trading at $42.65 and hit $43 on the upside on Monday, eventually ending the session at $42.57, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 2,99,149 shares. Company has a market cap of $2,225 M.

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.

Investors should note that on Aug 4, 2016, HSN announced a cash dividend of $0.3500. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 22, 2016.

Many Wall Street Analysts have commented on HSN. Shares were Reiterated by Axiom Capital on Aug 8, 2016 to “Buy” and Lowered the Price Target to $ 57 from a previous price target of $66 .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 Maxim Group on Aug 5, 2016 to “Buy” and Lowered the Price Target to $ 61 from a previous price target of $66 .

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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