The stock of HSN, Inc. (NASDAQ:HSNI) gapped down by $2.1 today and has $28.44 target or 9.00% below today’s $31.25 share price. The 7 months technical chart setup indicates high risk for the $1.59B company. The gap down was reported on Nov, 7 by Barchart.com. If the $28.44 price target is reached, the company will be worth $143.10 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 13.19% or $4.75 during the last trading session, hitting $31.25. About 1.77M shares traded hands or 508.13% up from the average. HSN, Inc. (NASDAQ:HSNI) has declined 29.69% since April 5, 2016 and is downtrending. It has underperformed by 31.64% 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 firm has “Neutral” rating by Sidoti given on Tuesday, August 25. Sidoti maintained it with “Buy” rating and $58 target price in Wednesday, September 14 report. The stock has “Mkt Perform” rating given by FBR Capital on Friday, August 5. As per Friday, August 5, the company rating was maintained by Maxim Group. On Tuesday, November 1 the stock rating was maintained by Wunderlich with “Buy”. The stock of HSN, Inc. (NASDAQ:HSNI) has “Buy” rating given on Thursday, November 5 by Brean Capital. The stock of HSN, Inc. (NASDAQ:HSNI) earned “Hold” rating by Craig Hallum on Monday, October 10. The rating was upgraded by Zacks to “Sell” on Friday, August 21. Zacks upgraded the stock to “Sell” rating in Thursday, August 27 report. Stifel Nicolaus downgraded the shares of HSNI in a report on Thursday, November 5 to “Hold” rating.
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.
One National Association has 4,373 shares for 0.02% of their US portfolio. Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Ameriprise Fin Incorporated last reported 80,144 shares in the company. Tiaa Cref Management Ltd Liability Corp has invested 0.01% of its portfolio in HSN, Inc. (NASDAQ:HSNI). Blackrock Management Lc, a New Jersey-based fund reported 196,401 shares. White Elm Capital Limited Com accumulated 3.88% or 685,326 shares. Savings Bank Of America De last reported 0% of its portfolio in the stock. Deutsche National Bank & Trust Ag accumulated 88,023 shares or 0% of the stock. Advisory Networks Ltd Company last reported 0% of its portfolio in the stock. Grantham Mayo Van Otterloo And Limited Liability Company holds 0.01% of its portfolio in HSN, Inc. (NASDAQ:HSNI) for 28,533 shares. Springbok Cap Management Limited Liability Company accumulated 0% or 600 shares. Gotham Asset Management Lc reported 54,339 shares or 0.03% of all its holdings. Ls Invest Advsr Limited reported 1,961 shares or 0.01% of all its holdings. The Illinois-based Lsv Asset Mngmt has invested 0.01% in HSN, Inc. (NASDAQ:HSNI). Tompkins Corp owns 140 shares or 0% of their US portfolio.
Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 2 selling transactions for $348,520 net activity. $174,040 worth of HSN, Inc. (NASDAQ:HSNI) shares were sold by MCINERNEY THOMAS.
More important recent HSN, Inc. (NASDAQ:HSNI) news were published by: Nasdaq.com which released: “HSN, Inc. Announces Carmen Bauza as Executive Vice President and Chief …” on November 07, 2016, also Nasdaq.com published article titled: “HSN Inc. Q3 Earnings Retreat 27%”, Cnbc.com published: “HSN, Inc. shares tumble 9 percent; CEO says election weighing on consumers” on August 04, 2016. More interesting news about HSN, Inc. (NASDAQ:HSNI) was released by: Globenewswire.com and their article: “HSN, Inc. to Report Third Quarter 2016 Results on November 7th” with publication date: October 17, 2016.
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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