Shares of HNI Corp. (NYSE:HNI) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. HNI Corp.’s rating score has declined by 20% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Zacks has also assigned HNI Corp. an industry rank of 244 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently issued reports on the company. Raymond James Financial Inc. lowered HNI Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th. Zacks Investment Research lowered HNI Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, September 21st.
Shares of HNI Corp. (NYSE:HNI) opened at 38.76 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 15.42 and a beta of 1.50. The company’s 50 day moving average price is $48.31 and its 200 day moving average price is $46.63. HNI Corp. has a 52-week low of $29.84 and a 52-week high of $56.96.
HNI Corp. (NYSE:HNI) last issued its earnings results on Thursday, July 21st. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. HNI Corp. had a return on equity of 26.76% and a net margin of 5.06%. On average, analysts predict that HNI Corp. will post $2.55 EPS for the current year.
In other HNI Corp. news, Chairman Stanley A. Askren sold 58,676 shares of HNI Corp. stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $52.30, for a total transaction of $3,068,754.80. Following the completion of the transaction, the chairman now owns 254,378 shares in the company, valued at approximately $13,303,969.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey D. Lorenger sold 36,483 shares of HNI Corp. stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $52.20, for a total value of $1,904,412.60. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC raised its position in HNI Corp. by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,661 shares of the company’s stock worth $356,000 after buying an additional 43 shares during the last quarter. Mason Street Advisors LLC bought a new position in HNI Corp. during the second quarter worth $941,000. Royal Bank of Canada raised its position in HNI Corp. by 846.6% in the second quarter. Royal Bank of Canada now owns 253,377 shares of the company’s stock worth $11,781,000 after buying an additional 226,609 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in HNI Corp. by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 27,449 shares of the company’s stock worth $1,276,000 after buying an additional 227 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in HNI Corp. by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 226,270 shares of the company’s stock worth $10,520,000 after buying an additional 10,196 shares during the last quarter. Institutional investors and hedge funds own 68.01% of the company’s stock.
HNI Corp. Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range 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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