Media coverage about HNI (NYSE:HNI) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. HNI earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.3953738556565 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
HNI has been the topic of several recent analyst reports. Zacks Investment Research upgraded HNI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Seaport Global Securities reiterated a “neutral” rating on shares of HNI in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.00.
Shares of HNI (NYSE HNI) opened at $39.57 on Friday. The company has a market capitalization of $1,689.20, a PE ratio of 19.49 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.68 and a current ratio of 1.00. HNI has a 12 month low of $31.16 and a 12 month high of $48.32.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Monday, February 26th were paid a dividend of $0.285 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.14 annualized dividend and a yield of 2.88%. HNI’s dividend payout ratio is presently 56.16%.
In other HNI news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Stanley A. Askren sold 6,099 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $33.79, for a total value of $206,085.21. Following the sale, the chairman now owns 221,575 shares of the company’s stock, valued at $7,487,019.25. The disclosure for this sale can be found here. Corporate insiders own 5.16% of the company’s stock.
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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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