Kurt A. Tjaden Sells 8,000 Shares of HNI Corp (HNI) Stock

HNI Corp (NYSE:HNI) SVP Kurt A. Tjaden sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $36.42, for a total transaction of $291,360.00. Following the transaction, the senior vice president now directly owns 43,634 shares in the company, valued at approximately $1,589,150.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:HNI traded down $1.04 during trading hours on Friday, reaching $36.02. 145,816 shares of the company were exchanged, compared to its average volume of 145,595. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. The company has a market cap of $1,602.71, a P/E ratio of 18.81 and a beta of 1.36. HNI Corp has a 52-week low of $31.16 and a 52-week high of $48.32.

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HNI (NYSE:HNI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. The company had revenue of $584.30 million for the quarter, compared to the consensus estimate of $567.83 million. HNI had a net margin of 4.13% and a return on equity of 17.64%. HNI’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. research analysts forecast that HNI Corp will post 2.5 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB purchased a new position in HNI during the fourth quarter worth approximately $232,000. Crossmark Global Holdings Inc. purchased a new position in HNI during the fourth quarter worth approximately $239,000. Two Sigma Advisers LP purchased a new position in HNI during the fourth quarter worth approximately $257,000. Vident Investment Advisory LLC acquired a new stake in shares of HNI in the fourth quarter worth $267,000. Finally, Jane Street Group LLC acquired a new stake in shares of HNI in the fourth quarter worth $366,000. 72.81% of the stock is currently owned by institutional investors.

HNI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of HNI from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine downgraded shares of HNI from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of HNI in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. HNI has an average rating of “Hold” and a consensus price target of $42.00.

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About HNI

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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