HSN Inc. (NASDAQ:HSNI) shares were down 10.8% during trading on Thursday . The company traded as low as $46.59 and last traded at $46.68, with a volume of 868,139 shares changing hands. The stock had previously closed at $52.33.

A number of research analysts have recently commented on HSNI shares. Wunderlich lowered their price objective on HSN from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Maxim Group started coverage on HSN in a report on Thursday, June 9th. They set a “buy” rating and a $66.00 price objective on the stock. TheStreet raised HSN from a “hold” rating to a “buy” rating in a report on Monday. Finally, Zacks Investment Research lowered HSN from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $67.57.

The firm has a market capitalization of $2.46 billion and a PE ratio of 15.33. The firm’s 50 day moving average is $50.25 and its 200 day moving average is $50.65.

HSN (NASDAQ:HSNI) last posted its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $854.30 million for the quarter, compared to the consensus estimate of $871.23 million. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Analysts forecast that HSN Inc. will post $3.30 earnings per share for the current year.

Other hedge funds have recently modified their holdings of the company. RS Investment Management Co. LLC purchased a new stake in shares of HSN during the fourth quarter worth approximately $18,381,000. Suntrust Banks Inc. raised its stake in shares of HSN by 2.5% in the fourth quarter. Suntrust Banks Inc. now owns 71,977 shares of the company’s stock worth $3,646,000 after buying an additional 1,777 shares during the period. Bank of Montreal Can raised its stake in shares of HSN by 1.1% in the fourth quarter. Bank of Montreal Can now owns 45,188 shares of the company’s stock worth $2,290,000 after buying an additional 473 shares during the period. Trexquant Investment LP raised its stake in shares of HSN by 111.9% in the fourth quarter. Trexquant Investment LP now owns 29,479 shares of the company’s stock worth $1,494,000 after buying an additional 15,567 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in shares of HSN by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 20,794 shares of the company’s stock worth $1,053,000 after buying an additional 7,053 shares during the period.

HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and private-label merchandise directly to consumers through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, comprising the Cornerstone portfolio of print catalogs; Websites, which consist 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.

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