HNI Corp (NYSE:HNI) Chairman Stanley A. Askren sold 25,212 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $38.95, for a total transaction of $982,007.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
HNI Corp (NYSE:HNI) opened at $39.41 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.68. The firm has a market cap of $1,678.82, a P/E ratio of 19.41 and a beta of 1.42. HNI Corp has a 52-week low of $31.16 and a 52-week high of $48.32.
HNI (NYSE:HNI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. HNI had a net margin of 4.13% and a return on equity of 17.64%. The company had revenue of $584.30 million for the quarter, compared to analysts’ expectations of $567.83 million. During the same period in the prior year, the business earned $0.82 earnings per share. HNI’s revenue for the quarter was up .5% compared to the same quarter last year. analysts anticipate that HNI Corp will post 2.5 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of HNI. Fuller & Thaler Asset Management Inc. grew its position in HNI by 271.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 1,900 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in HNI during the fourth quarter valued at approximately $232,000. Crossmark Global Holdings Inc. bought a new position in HNI during the fourth quarter valued at approximately $239,000. Two Sigma Advisers LP bought a new position in HNI during the fourth quarter valued at approximately $257,000. Finally, Vident Investment Advisory LLC bought a new position in HNI during the fourth quarter valued at approximately $267,000. Institutional investors and hedge funds own 72.81% of the company’s stock.
Several research analysts recently weighed in on HNI shares. Zacks Investment Research upgraded shares of HNI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Seaport Global Securities restated a “neutral” rating on shares of HNI in a research report on Monday, February 12th. One investment 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’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.
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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