HNI (NYSE:HNI) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of HNI (NYSE:HNI) from a c+ rating to a b- rating in a research note published on Tuesday morning, TheStreetRatingsTable reports.

Several other equities analysts also recently issued reports on HNI. Zacks Investment Research downgraded HNI from a hold rating to a sell rating in a research report on Wednesday, October 30th. ValuEngine raised HNI from a sell rating to a hold rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $45.00.

Shares of HNI opened at $39.88 on Tuesday. HNI has a 12 month low of $29.90 and a 12 month high of $42.23. The stock has a fifty day moving average price of $36.55 and a 200-day moving average price of $34.71. The company has a current ratio of 1.19, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.68 billion, a PE ratio of 16.55 and a beta of 1.19.

HNI (NYSE:HNI) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.06 by $0.02. HNI had a return on equity of 19.43% and a net margin of 4.27%. The firm had revenue of $625.40 million during the quarter, compared to analyst estimates of $640.30 million. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that HNI will post 2.55 EPS for the current year.

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In related news, CEO Jeffrey D. Lorenger sold 10,183 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $35.00, for a total value of $356,405.00. Following the transaction, the chief executive officer now directly owns 34,669 shares of the company’s stock, valued at approximately $1,213,415. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Miguel M. Calado sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the director now directly owns 50,327 shares in the company, valued at $2,013,080. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,342 shares of company stock worth $442,606. 2.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dupont Capital Management Corp increased its position in shares of HNI by 10.2% in the 3rd quarter. Dupont Capital Management Corp now owns 3,069 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 285 shares during the period. Oregon Public Employees Retirement Fund grew its position in HNI by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,594 shares of the business services provider’s stock worth $622,000 after purchasing an additional 349 shares during the period. Alpha Windward LLC grew its position in HNI by 5.6% during the 3rd quarter. Alpha Windward LLC now owns 13,620 shares of the business services provider’s stock worth $484,000 after purchasing an additional 720 shares during the period. Strs Ohio grew its position in HNI by 3.4% during the 2nd quarter. Strs Ohio now owns 27,100 shares of the business services provider’s stock worth $958,000 after purchasing an additional 900 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in HNI during the 2nd quarter worth about $35,000. 70.33% of the stock is currently owned by hedge funds and other institutional investors.

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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