Brean Capital Expects Continued Momentum for HSN, Inc. in 4Q14

In a report published Thursday, Brean Capital analyst Tom Forte reiterated a Buy rating and $81.00 price target on

. In the report, Brean Capital noted, "HSNi operates the 2nd largest video retailer in the US (HSN) and the Cornerstone portfolio of catalogs (Ballard Designs, Chasing Fireflies, Frontgate, Garnet Hill, Grandin Road, Improvements, and TravelSmith). The company will be reporting 4Q14 earnings on Thursday, February 26th at 8:00 AM ET with its earnings call scheduled for 9:00 AM ET. Overall, we are anticipating the company will report strong results because of the momentum at HSN entering the period. In particular, we look for another strong performance in mobile commerce, forecasting it to represent 16.0% of revenue at HSN vs. 14.0% last year and 16.0% in the prior quarter. However, there are a couple items we will be interested in learning more about – the impact (if any) of QVC's changes to its shipping and handling policies on HSN's business and the trends at its Cornerstone unit and if the cold weather in January and February has negated the easy comparison from last year (where the polar vortex negatively affected its results). We are reiterating our Buy rating and 12-month price target of $81, and we are comfortable recommending investor purchase shares in front of earnings." HSN, Inc. closed on Wednesday at $67.43.