UBS Reiterates a Buy Rating on HSN Inc

By George MacDonald

In a report released today, Eric Sheridan from UBS reiterated a Buy rating on HSN Inc (NASDAQ: HSNI), with a price target of $75. The company’s shares opened today at $65.01.

Currently, the analyst consensus on HSN Inc is Strong Buy and the average price target is $82.20, representing a 26.4% upside. In a report issued on February 19, Brean Capital also reiterated a Buy rating on the stock with a $81 price target.

Based on HSN Inc`s latest earnings report from September 30, the company posted quarterly revenue of $837.5M and quarterly net profit of $39.53M. In comparison, last year the company earned revenue of $1.02B and had a net profit of $61.57M.

According to TipRanks, Sheridan is a 5-star analyst with an average return of 16.9% and a 74.4% success rate. Sheridan covers the Technology sector, focusing on stocks such as Activision Blizzard, IAC/InterActiveCorp, and TripAdvisor Inc.

HSN, Inc., is a multi-channel retailer offering retail experiences through various platforms including television, online, mobile, in catalogs and in retail and outlet stores through its two operating segments, HSN and Cornerstone.