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HSNI

HSN, Inc.

$40.55

0.15 (0.37%)

, RDEN

Elizabeth Arden

10:00
11/28/16
11/28
10:00
11/28/16
10:00

HSN names former Elizabeth Arden CFO Rod Little to same role

Shares of home shopping network operator HSN, Inc (HSNI) are in focus on Monday morning after the company named a new chief financial officer. WHAT'S NEW: HSN announced this morning that it has named Rod Little as its CFO, effective January 3. Little is replacing Judy Schmeling, who was named president of HSNI division Cornerstone Brands in August, in addition to her ongoing role as chief operating officer of HSN. WHAT'S NOTABLE: Little was previously CFO of Elizabeth Arden (RDEN) from April 2014 to November 2016, according to a regulatory filing. Earlier this month, HSN named Carmen Bauza as executive vice president and chief merchandising officer. RECENT EARNINGS: On November 7, HSN reported earnings per share and sales that missed analysts' estimates. Maxim analyst Tom Forte said at the time that HSN is likely to see improving operating results as it benefits from easier comparisons and sees the potential for a merger of HSN with QVC (QVCA) as being higher than it was previously given pressure on both of their shares. UBS analyst Eric Sheridan said he believes 2017 will be better for HSN's operations and returns. PRICE ACTION: HSN is down 0.5% to $40.35 in morning trading and shares are down about 20% so far this year.

HSNI

HSN, Inc.

$40.55

0.15 (0.37%)

RDEN

Elizabeth Arden

QVCA

QVC Group

$22.11

-0.02 (-0.09%)

  • 05

    Dec

HSNI HSN, Inc.
$40.55

0.15 (0.37%)

10/10/16
10/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Honeywell (HON) downgraded to Buy from Conviction Buy at Goldman with analyst Christopher Glynn lowering his Q3 Earnings Per Share expectations for Honeywell after the company cut its earnings and revenue outlook and trimmed his price target to $122 from $128. 2. United Technologies (UTX) downgraded to Neutral from Buy at Citi with analyst Jason Gursky saying he sees three issues limiting share upside over the next twelve-plus months. 3. PNC Financial (PNC) was downgraded to Neutral from Buy at Nomura while the firm downgraded Fifth Third (FITB) to Reduce from Neutral. 4. Myriad Genetics (MYGN) downgraded to Sell from Neutral at Ladenburg with analyst Kevin DeGeeter citing a "significant and unexpected deterioration" in outlook for the company's companion diagnostic franchise. 5. HSN, Inc. (HSNI) downgraded to Hold from Buy at Craig-Hallum with analyst Alex Fuhrman saying his channel checks indicate continued weakness in the third quarter, with particular weakness in jewelry and consumer electronics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/31/16
MAXM
10/31/16
NO CHANGE
Target $61
MAXM
Buy
HSN, Inc. shares oversold amid short-term challenges, says Maxim
Maxim analyst Tom Forte acknowledge that his above-consensus projections for HSN, Inc.'s Q3 results may be "relatively optimistic" given that the Summer Olympics and election may have disrupted HSN's operating results. However, he believes the challenges facing the company to be widely known and views the shares as oversold given his expectation for significant upside over the next 12 months. Forte keeps a Buy rating and $61 price target on HSN shares ahead of the company's report on November 7.
11/08/16
MAXM
11/08/16
NO CHANGE
Target $54
MAXM
Buy
HSN, Inc. price target lowered to $54 from $61 at Maxim
Maxim analyst Tom Forte noted HSN, Inc. (HSNI) reported Q3 sales and EPS that missed estimates, which he said was partly due to some divestitures. Following the report, he decreased his 2016 and 2017 sales projections and lowered his price target on HSN shares to $54 from $61, but maintains his Buy rating, contending that HSN will see improving operating results as it benefits from easier comparisons. Forte also sees the potential for a potential merger of HSN with QVC (QVCA) as being higher than it was entering the year given the recent pressure on both of their shares.
11/08/16
UBSW
11/08/16
NO CHANGE
Target $50
UBSW
Buy
HSN, Inc. price target lowered to $50 from $60 at UBS
UBS analyst Eric Sheridan lowered his price target on HSN, Inc. to $50 from $60 following Q3 results. The analyst said the quarter was disappointing with both revenues and continued gross margin pressure. Sheridan believes 2017 will be better for the company's operations and returns and with the stock approaching low historical multiples, he maintained his Buy rating on HSN, Inc. shares.
RDEN Elizabeth Arden

QVCA QVC Group
$22.11

-0.02 (-0.09%)

10/06/16
SBSH
10/06/16
DOWNGRADE
Target $43
SBSH
Neutral
HSN, Inc. downgraded to Neutral from Buy at Citi
Citi analyst Jason Bazinet downgraded HSN, Inc. (HSNI) to Neutral saying the company's business has been "slowly deteriorating." Unlikely Liberty Interactive (QVCA), HSN has not been using credit "to paper over" the underlying top-line deterioration, Bazinet tells investors in a research note. He now believes HSN shares may only reach $43 in 2018, suggesting less than 10% upside. The analyst lowered his price target for the shares to $43 from $53. Bazinet keeps a Buy rating on Liberty Interactive but lowered his price target for the shares to $26 from $33.
11/17/16
BOFA
11/17/16
UPGRADE
Target $25
BOFA
Buy
Liberty Interactive upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Heather Balsky upgraded Liberty Interactive to Buy and raised its price target $25 from $21. The analyst has increased confidence in a return to positive US sales growth and expects multiple expansion as sales improve. Balsky does not believe the market is giving enough credit for the turnaround or the same re-rating in valuation as peers following election strength.
11/17/16
11/17/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Microsoft (MSFT) upgraded to Buy from Neutral at Goldman with analyst Heather Bellini saying Azure is the number two market share vendor in the cloud space, and has grown 100% or more year-over-year eight of the last 10 quarters. 2. Time Warner (TWX) upgraded to Buy from Sell at MoffettNathanson. 3. First Solar (FSLR) upgraded at JMP Securities with analyst Joseph Osha citing valuation. 4. KBR (KBR) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Anna Kaminskaya saying she expects structurally higher defense spending to drive a re-rating in KBR and sees less risk of cost overruns in the E&C business given lower reliance on fixed priced contracts and diversification into smaller sized service projects. 5. Liberty Interactive (QVCA) upgraded to Buy from Neutral at BofA Merrill Lynch with analyst Heather Balsky saying she has increased confidence in a return to positive US sales growth and expects multiple expansion as sales improve. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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