Momentum Stock Watch: HSN, Inc. (HSNI)

Company Profile:

HSN, Inc. operates as an interactive multi-channel retailer in the United States. It operates through two segments, HSN and Cornerstone. The HSN segment offers jewelry; fashion apparel and accessories; beauty and health, wellness, and fitness; and home, electronics, culinary, and other products. The Cornerstone segment offers home furnishings, including indoor/outdoor furniture, home décor, tabletop, textiles, and other home related goods under the Frontgate, Ballard Designs, Grandin Road, and Improvements brands; and apparel and accessories under the Garnet Hill brand. The company markets and sells a range of third party and private label merchandise directly to consumers. HSN, Inc. was founded in 1981 and is headquartered in St. Petersburg, Florida.

Recent News:

On July 6, 2017, HSN, Inc. and Liberty Interactive Corporation jointly announced that they had entered into an agreement whereby Liberty will acquire the approximately 62% of HSN, Inc. it does not already own in an all-stock transaction.

The company reported net sales decreased 5% for the third quarter of 2017, including the negative impact of Hurricane Irma of an estimated $13 million, or 1.6%. HSNI’s digital sales penetration increased 90 basis points to 53.6%.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

HSNI’s strengths can be seen in its strong profitability and robust efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator, RSI (14) stands at 61.93 with positive bias. We rate HSN, Inc. (HSNI) a STRONG BUY.

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