FNY Managed Accounts LLC purchased a new stake in HSN, Inc. (NASDAQ:HSNI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 67,800 shares of the specialty retailer’s stock, valued at approximately $2,735,000. HSN accounts for approximately 2.5% of FNY Managed Accounts LLC’s portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its holdings in shares of HSN by 7.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 6,450 shares of the specialty retailer’s stock valued at $206,000 after purchasing an additional 440 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in HSN by 47.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 7,180 shares of the specialty retailer’s stock valued at $280,000 after acquiring an additional 2,300 shares in the last quarter. Verition Fund Management LLC purchased a new position in HSN during the 2nd quarter valued at about $333,000. Wolverine Trading LLC increased its holdings in HSN by 78.5% during the 2nd quarter. Wolverine Trading LLC now owns 11,427 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 5,027 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in HSN by 54.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 11,468 shares of the specialty retailer’s stock valued at $366,000 after acquiring an additional 4,044 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Several equities analysts have weighed in on HSNI shares. UBS Group dropped their target price on shares of HSN from $46.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 9th. B. Riley restated a “hold” rating on shares of HSN in a report on Tuesday, January 2nd. BidaskClub upgraded shares of HSN from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded shares of HSN from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.17.

HSN, Inc. (HSNI) traded down $1.60 during trading hours on Tuesday, reaching $40.35. 11,572,300 shares of the company’s stock traded hands, compared to its average volume of 536,533. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.53 and a quick ratio of 0.60. HSN, Inc. has a 52-week low of $30.90 and a 52-week high of $44.15. The stock has a market cap of $2,120.00, a P/E ratio of 18.68, a P/E/G ratio of 1.64 and a beta of 1.41.

HSN (NASDAQ:HSNI) last posted its earnings results on Wednesday, November 8th. The specialty retailer reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). The business had revenue of $782.56 million for the quarter, compared to analysts’ expectations of $804.04 million. HSN had a net margin of 3.29% and a return on equity of 56.55%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. sell-side analysts predict that HSN, Inc. will post 2.32 EPS for the current year.

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HSN Profile

HSN, Inc is an interactive multi-channel retailer. The Company markets and sells a range of third party and merchandise directly to consumers through various platforms, including television home shopping programing broadcast on the HSN television networks and other direct-response television marketing; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements; Websites, which consist primarily of HSN.com, joymangano.com and the five branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers.

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Institutional Ownership by Quarter for HSN (NASDAQ:HSNI)

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