HNI (NYSE:HNI)‘s stock had its “neutral” rating reiterated by stock analysts at Seaport Global Securities in a note issued to investors on Monday. Seaport Global Securities also issued estimates for HNI’s Q2 2018 earnings at $0.57 EPS and Q3 2018 earnings at $0.99 EPS.

Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of HNI from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of HNI in a research note on Tuesday, October 24th. Finally, Rowe lowered shares of HNI from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. HNI currently has a consensus rating of “Hold” and a consensus price target of $42.00.

HNI (HNI) opened at $37.26 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.68 and a current ratio of 1.00. The firm has a market cap of $1,590.00, a PE ratio of 18.45 and a beta of 1.44. HNI has a 12 month low of $31.16 and a 12 month high of $48.32.

HNI (NYSE:HNI) last announced its earnings results 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. The company had revenue of $584.30 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. equities analysts forecast that HNI will post 2.49 EPS for the current year.

In other news, CEO Stanley A. Askren sold 3,021 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $35.07, for a total value of $105,946.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 29,375 shares of company stock valued at $1,027,081. Insiders own 5.16% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HNI. Fuller & Thaler Asset Management Inc. lifted its stake in HNI by 271.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,600 shares of the business services provider’s stock worth $108,000 after acquiring an additional 1,900 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in HNI in the fourth quarter worth approximately $239,000. Stoneridge Investment Partners LLC purchased a new position in HNI in the fourth quarter worth approximately $366,000. SG Americas Securities LLC lifted its stake in HNI by 18.6% in the third quarter. SG Americas Securities LLC now owns 16,463 shares of the business services provider’s stock worth $683,000 after acquiring an additional 2,586 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in HNI by 51.8% in the third quarter. New York State Common Retirement Fund now owns 71,200 shares of the business services provider’s stock worth $2,953,000 after acquiring an additional 24,300 shares during the last quarter. 70.88% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for HNI (NYSE:HNI)

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