HNI Corporation (NYSE:HNI) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.50.
HNI has been the topic of several research reports. Zacks Investment Research upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Raymond James Financial reiterated a “market perform” rating on shares of HNI in a research report on Tuesday, October 24th. Finally, Rowe cut shares of HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th.
In related news, Chairman Stanley A. Askren sold 6,111 shares of HNI stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $33.66, for a total value of $205,696.26. Following the transaction, the chairman now owns 214,750 shares of the company’s stock, valued at approximately $7,228,485. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Stanley A. Askren sold 12,000 shares of HNI stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $42.42, for a total value of $509,040.00. The disclosure for this sale can be found here. Insiders sold a total of 36,375 shares of company stock worth $1,336,121 in the last three months. 5.16% of the stock is currently owned by company insiders.
Shares of HNI (NYSE:HNI) opened at $38.71 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.08 and a quick ratio of 0.74. HNI has a 1 year low of $31.16 and a 1 year high of $55.48. The company has a market cap of $1,680.00, a PE ratio of 25.98 and a beta of 1.49.
HNI (NYSE:HNI) last issued its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. HNI had a net margin of 3.08% and a return on equity of 21.09%. The firm had revenue of $599.50 million for the quarter, compared to analysts’ expectations of $585.07 million. During the same period in the previous year, the business earned $0.80 earnings per share. HNI’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts anticipate that HNI will post 1.94 EPS for the current year.
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HNI Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company’s office furniture products include panel-based and freestanding furniture systems, seating, storage and tables. The Company’s segments include office furniture and hearth products. The office furniture segment manufactures and markets a line of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products.
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