Topeka Reiterates Buy On HSN In Anticipation Of Meaningful Capital Return Initiatives

In a report issued today, Topeka Capital Markets analyst Victor Anthony reiterated a Buy rating on HSN, Inc. (NASDAQ:HSNI) in anticipation of what was believed a meaningful capital return initiative. A price target of $67 was given.

Anthony noted: “HSN’s largest shareholder, Liberty, has stated publicly their belief that HSN’s balance sheet is inefficient from a leverage standpoint. We believe HSN’s management generally agrees with Liberty and could decide to lever the balance sheet and act on a capital return as part of the normal board review this month.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Victor Anthony has a total average return of 24.8% and a 85.6% success rate. Anthony has a 4.1% average return when recommending HSNI, and is ranked #15 out of 3290 analysts.

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