The stock of HSN, Inc. (NASDAQ:HSNI) hit a new 52-week low and has $33.53 target or 9.00% below today’s $36.85 share price. The 6 months bearish chart indicates high risk for the $1.88B company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $33.53 price target is reached, the company will be worth $169.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 286,463 shares traded hands or 2.17% up from the average. HSN, Inc. (NASDAQ:HSNI) has declined 29.65% since March 31, 2016 and is downtrending. It has underperformed by 32.17% the S&P500.
HSN, Inc. (NASDAQ:HSNI) Ratings Coverage
Out of 9 analysts covering HSN (NASDAQ:HSNI), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. HSN has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of HSN, Inc. (NASDAQ:HSNI) earned “Buy” rating by Maxim Group on Friday, August 5. The firm earned “Buy” rating on Thursday, November 5 by Brean Capital. The firm earned “Neutral” rating on Tuesday, August 25 by Sidoti. Craig Hallum downgraded HSN, Inc. (NASDAQ:HSNI) on Monday, October 10 to “Hold” rating. The rating was maintained by Axiom Securities with “Buy” on Tuesday, August 11. The stock of HSN, Inc. (NASDAQ:HSNI) earned “Hold” rating by Zacks on Friday, August 7. Bank of America initiated the shares of HSNI in a report on Tuesday, September 20 with “Underperform” rating. As per Friday, August 5, the company rating was maintained by FBR Capital. The stock of HSN, Inc. (NASDAQ:HSNI) earned “Buy” rating by Citigroup on Wednesday, August 10. Citigroup maintained HSN, Inc. (NASDAQ:HSNI) rating on Thursday, September 15. Citigroup has “Buy” rating and $53 price target.
According to Zacks Investment Research, “HSNi owns and operates, through its subsidiaries, HSN, a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts, entertainment, inspiration, solutions, tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates, through its subsidiaries, the Cornerstone Brands portfolio of catalogs and related websites, including Frontgate, Ballard Designs, Garnet Hill, Smith+Noble, The Territory Ahead, TravelSmith and Improvements, as well as a limited number of retail stores.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.01, from 1.09 in 2016Q1. The ratio improved, as 29 funds sold all HSN, Inc. shares owned while 55 reduced positions. 18 funds bought stakes while 74 increased positions. They now own 32.54 million shares or 2.21% more from 31.84 million shares in 2016Q1.
Federated Pa accumulated 0% or 19,258 shares. Barclays Plc reported 14,816 shares or 0% of all its holdings. Grantham Mayo Van Otterloo & Limited Liability has 0.01% invested in the company for 28,533 shares. 1St Glob Advsr has 0.06% invested in the company for 8,621 shares. Blackrock Inv Management Limited Com last reported 0.01% of its portfolio in the stock. Louisiana State Employees Retirement has invested 0.02% of its portfolio in HSN, Inc. (NASDAQ:HSNI). Morgan Stanley reported 38,980 shares or 0% of all its holdings. National Bank Of America De last reported 0% of its portfolio in the stock. Arizona State Retirement System has invested 0.01% of its portfolio in HSN, Inc. (NASDAQ:HSNI). Deprince Race Zollo Incorporated accumulated 0.56% or 568,993 shares. Scotia Inc accumulated 7,048 shares or 0.01% of the stock. Martingale Asset Mgmt Limited Partnership holds 18,812 shares or 0.02% of its portfolio. Advisory Network Lc reported 125 shares or 0% of all its holdings. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 10,895 shares. Citigroup Inc, a New York-based fund reported 5,544 shares.
Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 2 selling transactions for $348,520 net activity. MCINERNEY THOMAS had sold 4,000 shares worth $174,040.
More news for HSN, Inc. (NASDAQ:HSNI) were recently published by: Cnbc.com, which released: “HSN, Inc. shares tumble 9 percent; CEO says election weighing on consumers” on August 04, 2016. Globenewswire.com‘s article titled: “HSN, Inc. to Report Third Quarter 2016 Results on November 7th” and published on October 17, 2016 is yet another important article.
HSNI Company Profile
HSN, Inc., incorporated on May 9, 2008, is an interactive multi-channel retailer. The Firm markets and sells a range of third party and merchandise directly to clients through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Chasing Fireflies, Frontgate, Garnet Hill, Grandin Road, Improvements and TravelSmith; Websites, which consist primarily of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers. The Firm operates through two divisions: HSN and Cornerstone. HSN offerings consist of jewelry, fashion (apparel and accessories), beauty and health (including beauty, wellness and fitness), and home and other (including home, electronics, culinary and other). Merchandise offered by Cornerstone consists of home furnishings (including indoor/outdoor furniture, home decor, tabletop, textiles and other home related goods), and apparel and accessories.
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