HNI Corp (NYSE:HNI) Director Miguel M. Calado sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $42.00, for a total transaction of $84,000.00. Following the completion of the transaction, the director now directly owns 46,327 shares in the company, valued at $1,945,734. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE HNI opened at $39.74 on Friday. The company’s fifty day moving average is $37.60 and its 200-day moving average is $36.41. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 15.58 and a beta of 1.20. HNI Corp has a twelve month low of $29.90 and a twelve month high of $42.90. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.30.
HNI (NYSE:HNI) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.08. The company had revenue of $616.10 million for the quarter, compared to analysts’ expectations of $626.24 million. HNI had a net margin of 4.92% and a return on equity of 20.28%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. On average, research analysts anticipate that HNI Corp will post 2.75 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aigen Investment Management LP bought a new position in shares of HNI during the fourth quarter worth $85,000. Dupont Capital Management Corp boosted its position in shares of HNI by 10.2% during the third quarter. Dupont Capital Management Corp now owns 3,069 shares of the business services provider’s stock worth $109,000 after purchasing an additional 285 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of HNI during the third quarter worth $181,000. Jane Street Group LLC bought a new position in shares of HNI during the fourth quarter worth $202,000. Finally, GAM Holding AG bought a new position in shares of HNI during the fourth quarter worth $205,000. 70.66% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on HNI. ValuEngine raised shares of HNI from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. TheStreet raised shares of HNI from a “c+” rating to a “b-” rating in a research report on Tuesday, November 5th. Finally, Zacks Investment Research cut shares of HNI from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.00.
HNI Company Profile
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands.
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