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55.14 (1y: +44%)
Market Cap 2.97 B P/E(ttm) 23.00
Enterprise Value 3.07 B P/B 6.10
HSNI- NAS (USA)
HSN, Inc.
Not Rated
Top Ranked Predictable Companies
$55.14
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 0.888
HSNI's Cash to Debt is ranked lower than
67% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.99 vs. HSNI: 0.888 )
HSNI' s 10-Year Cash to Debt Range
Min: 0.43   Max: No Debt
Current: 0.89
Equity to Asset 0.171
HSNI's Equity to Asset is ranked lower than
85% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.42 vs. HSNI: 0.171 )
HSNI' s 10-Year Equity to Asset Range
Min: -0.12   Max: 0.64
Current: 0.17
-0.12
0.64
Interest Coverage 12.8
HSNI's Interest Coverage is ranked lower than
58% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 71.00 vs. HSNI: 12.8 )
HSNI' s 10-Year Interest Coverage Range
Min: 5   Max: No Debt
Current: 12.8
F-Score: 5
Z-Score: 4.41
M-Score: -2.54
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 7.90
HSNI's Operating margin (%) is ranked higher than
67% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 3.20 vs. HSNI: 7.90 )
HSNI' s 10-Year Operating margin (%) Range
Min: -109.9   Max: 7.9
Current: 7.9
-109.9
7.9
Net-margin (%) 4
HSNI's Net-margin (%) is ranked higher than
55% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.15 vs. HSNI: 4 )
HSNI' s 10-Year Net-margin (%) Range
Min: -84.7   Max: 8.4
Current: 4
-84.7
8.4
ROE (%) 25.9
HSNI's ROE (%) is ranked higher than
75% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 6.00 vs. HSNI: 25.9 )
HSNI' s 10-Year ROE (%) Range
Min: -925.7   Max: 25.9
Current: 25.9
-925.7
25.9
ROA (%) 9.8
HSNI's ROA (%) is ranked higher than
71% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.80 vs. HSNI: 9.8 )
HSNI' s 10-Year ROA (%) Range
Min: -207.5   Max: 9.8
Current: 9.8
-207.5
9.8
ROC (Joel Greenblatt) (%) 75.30
HSNI's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 10.80 vs. HSNI: 75.30 )
HSNI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -1028.2   Max: 82.1
Current: 75.3
-1028.2
82.1
Revenue Growth (%) 4.1
HSNI's Revenue Growth (%) is ranked higher than
75% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.90 vs. HSNI: 4.1 )
HSNI' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 4.1
Current: 4.1
0
4.1
EBITDA Growth (%) 10.9
HSNI's EBITDA Growth (%) is ranked lower than
100% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 6.10 vs. HSNI: 10.9 )
HSNI' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 10.9
Current: 10.9
0
10.9
EPS Growth (%) 15.6
HSNI's EPS Growth (%) is ranked lower than
94% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 11.65 vs. HSNI: 15.6 )
HSNI' s 10-Year EPS Growth (%) Range
Min: 0   Max: 15.6
Current: 15.6
0
15.6
ยป HSNI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

HSNI Guru Trades in Q2 2012

Chuck Royce 18,400 sh (New)
Paul Tudor Jones 60,000 sh (New)
Mario Gabelli 251,939 sh (+3.83%)
Joel Greenblatt Sold Out
John Burbank Sold Out
Steven Cohen Sold Out
Murray Stahl 24,946 sh (-0.68%)
Jim Simons 206,700 sh (-51.55%)
Louis Moore Bacon 7,125 sh (-83.57%)
Lee Ainslie 35,095 sh (-93.6%)
» More
Q3 2012

HSNI Guru Trades in Q3 2012

Murray Stahl 25,013 sh (+0.27%)
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Lee Ainslie Sold Out
Jim Simons Sold Out
Mario Gabelli 238,549 sh (-5.31%)
Chuck Royce 16,400 sh (-10.87%)
» More
Q4 2012

HSNI Guru Trades in Q4 2012

Murray Stahl 38,257 sh (+52.95%)
Mario Gabelli 216,069 sh (-9.42%)
Chuck Royce 7,300 sh (-55.49%)
» More
Q1 2013

HSNI Guru Trades in Q1 2013

Steven Cohen 7,710 sh (New)
Murray Stahl 51,176 sh (+33.77%)
Mario Gabelli 198,474 sh (-8.14%)
Chuck Royce 700 sh (-90.41%)
» More
» Details

Insider Trades

Latest Guru Trades with HSNI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2012-09-30 Sold Out 0.02%$40.19 - $49.05 $ 55.1425%0
Lee Ainslie 2012-06-30 Reduce -93.6%0.28%$36.29 - $41.43 $ 55.1444%35095
Joel Greenblatt 2012-06-30 Sold Out 0.21%$36.29 - $41.43 $ 55.1444%0
John Burbank 2012-06-30 Sold Out 0.08%$36.29 - $41.43 $ 55.1444%0
Joel Greenblatt 2012-03-31 New Buy0.21%$35.16 - $38.29 $ 55.1460%63296
John Burbank 2012-03-31 Add 93.33%0.04%$35.16 - $38.29 $ 55.1460%58000
Mario Gabelli 2012-03-31 Add 33.19%0.02%$35.16 - $38.29 $ 55.1460%242639
Mario Gabelli 2011-12-31 Add 43.31%0.02%$31.25 - $38.01 $ 55.1455%182181
Lee Ainslie 2011-09-30 New Buy0.37%$28.61 - $35.15 $ 55.1468%804866
Joel Greenblatt 2011-09-30 Sold Out 0.0429%$28.61 - $35.15 $ 55.1468%0
Joel Greenblatt 2011-06-30 New Buy0.04%$30.62 - $35.21 $ 55.1469%9329
Mario Gabelli 2011-06-30 Add 46.43%0.01%$30.62 - $35.21 $ 55.1469%118721
George Soros 2011-06-30 Sold Out $30.62 - $35.21 $ 55.1469%0
Mario Gabelli 2011-03-31 Reduce -78.23%0.07%$27.39 - $32.48 $ 55.1484%81076
Mario Gabelli 2010-12-31 Add 25.32%0.01%$26.17 - $31.78 $ 55.1487%372480
Wallace Weitz 2010-09-30 Sold Out 0.05%$25.62 - $30.6 $ 55.1495%0
George Soros 2010-09-30 New Buy0.01%$25.62 - $30.6 $ 55.1495%13200
Wallace Weitz 2010-06-30 New Buy0.05%$23.07 - $33.68 $ 55.1498%39750
Mario Gabelli 2010-06-30 Add 41.59%0.01%$23.07 - $33.68 $ 55.1498%264955
Wallace Weitz 2010-03-31 Sold Out 0.01%$18.09 - $30.85 $ 55.14142%0
PRIMECAP Management 2010-03-31 Sold Out $18.09 - $30.85 $ 55.14142%0
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 23.00
HSNI's P/E(ttm) is ranked higher than
60% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 18.51 vs. HSNI: 23.00 )
HSNI' s 10-Year P/E(ttm) Range
Min: 14.25   Max: 26.33
Current: 23
14.25
26.33
P/B 6.10
HSNI's P/B is ranked lower than
90% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.40 vs. HSNI: 6.10 )
HSNI' s 10-Year P/B Range
Min: 0.09   Max: 6.68
Current: 6.1
0.09
6.68
P/S 1.00
HSNI's P/S is ranked lower than
74% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.50 vs. HSNI: 1.00 )
HSNI' s 10-Year P/S Range
Min: 0.04   Max: 1.06
Current: 1
0.04
1.06
PFCF 23.00
HSNI's PFCF is ranked lower than
70% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 14.90 vs. HSNI: 23.00 )
HSNI' s 10-Year PFCF Range
Min: 1.06   Max: 36.95
Current: 23
1.06
36.95
EV-to-EBIT 11.6
HSNI's EV-to-EBIT is ranked higher than
77% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 12.56 vs. HSNI: 11.6 )
HSNI' s 10-Year EV-to-EBIT Range
Min: 7.1   Max: 13.2
Current: 11.6
7.1
13.2

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.10
HSNI's Dividend Yield is ranked higher than
50% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.86 vs. HSNI: 1.10 )
HSNI' s 10-Year Dividend Yield Range
Min: 0.33   Max: 1.17
Current: 1.1
0.33
1.17
Dividend Payout 0.2471
HSNI's Dividend Payout is ranked higher than
87% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.69 vs. HSNI: 0.2471 )
HSNI' s 10-Year Dividend Payout Range
Min: 0.06   Max: 0.25
Current: 0.25
0.06
0.25
Yield on cost (5-Year) 1.10
HSNI's Yield on cost (5-Year) is ranked higher than
51% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.93 vs. HSNI: 1.10 )
HSNI' s 10-Year Yield on cost (5-Year) Range
Min: 0.33   Max: 1.17
Current: 1.1
0.33
1.17
Share Buyback Rate -0.3
HSNI's Share Buyback Rate is ranked higher than
73% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: -0.40 vs. HSNI: -0.3 )
HSNI' s 10-Year Share Buyback Rate Range
Min: 0   Max: -1.9
Current: -0.3

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8.9
HSNI's Price/Net Current Asset Value is ranked higher than
81% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 5.70 vs. HSNI: 8.9 )
HSNI' s 10-Year Price/Net Current Asset Value Range
Min: 1.6   Max: 9.3
Current: 8.9
1.6
9.3
Price/Tangible Book 13.3
HSNI's Price/Tangible Book is ranked higher than
98% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 2.30 vs. HSNI: 13.3 )
HSNI' s 10-Year Price/Tangible Book Range
Min: 6.6   Max: 14
Current: 13.3
6.6
14
Price/DCF (Projected) 2.2
HSNI's Price/DCF (Projected) is ranked lower than
98% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.00 vs. HSNI: 2.2 )
HSNI' s 10-Year Price/DCF (Projected) Range
Min: 2.1   Max: 2.1
Current: 2.2
Price/Median PS Value 1.6
HSNI's Price/Median PS Value is ranked higher than
94% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 0.80 vs. HSNI: 1.6 )
HSNI' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.6
Current: 1.6
0.2
1.6
Price/Graham Number 3.8
HSNI's Price/Graham Number is ranked higher than
98% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 1.60 vs. HSNI: 3.8 )
HSNI' s 10-Year Price/Graham Number Range
Min: 2.3   Max: 3.8
Current: 3.8
2.3
3.8
Earnings Yield (Greenblatt) 8.60
HSNI's Earnings Yield (Greenblatt) is ranked higher than
84% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 8.60 vs. HSNI: 8.60 )
HSNI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 7.6   Max: 14.1
Current: 8.6
7.6
14.1
Forward Rate of Return (Yacktman) 2.71
HSNI's Forward Rate of Return (Yacktman) is ranked lower than
96% of the 493 Companies
in the Global Specialty Retail industry.

( Industry Median: 10.22 vs. HSNI: 2.71 )
HSNI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 3   Max: 4.1
Current: 2.71
3
4.1

Business Description

HSN, Inc. was incorporated in Delaware in May 2008 in connection with the spin-off of several businesses previously owned by IAC/InterActiveCorp, or IAC. The Company is an interactive 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. HSN is a retailer and interactive lifestyle network offering a broad assortment of products primarily through television home shopping programming on the HSN television networks and through its business-to-consumer internet commerce site HSN.com. HSN strives to transform the shopping experience by incorporating experts, entertainment, inspiration, solutions, tips and ideas in connection with the sale of products. Cornerstone comprises home and apparel lifestyle brands, including Frontgate, Ballard Designs, Garnet Hill, Grandin Road, Smith+Noble, The Territory Ahead, TravelSmith and Improvements. Cornerstone distributes more than 300 million catalogs annually, operates eight separate internet sites and operates 19 retail and outlet stores. HSNi provides customers with convenient options in connection with the purchase, payment and shipment of merchandise, some of which vary by brand, business or product. Merchandise may be purchased online, through mobile devices or ordered using toll free phone numbers through live sales and service agents. HSN also offers the convenience of an automated attendant system and, in limited markets, remote control ordering capabilities through pay television set-top boxes. The Company markets and offers a broad range of merchandise through television, online, catalogs and other channels. The manner in which it promotes and sells merchandise, including claims and representations made in connection with these efforts, is regulated by a wide variety of federal, state and local laws, regulations, rules, policies and procedures.
Company Website
SEC Reports
Industry: Specialty Retail
Compare:
Traded in other countries:HSM.Germany
ยป More Articles for HSNI

Headlines

Articles On GuruFocus.com
Joel Greenblatt's Top Buys and Sells Aug 15 2012 
Ira Sohn Conference: Robert Howard Likes WABCO and HSN May 26 2011 
IAC/Interactive Makes the Connection Jan 21 2010 
Edward Lapmert Buys Genworth Financial Inc., Sells HSN, Inc., KB Home, Home Depot Aug 22 2009 
Edward Lampert Buys Genworth Financial Inc., HSN Inc., Adds to AutoZone Inc., and AutoNation Inc. Feb 19 2009 

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