HNI Corp. EVP Sells $963,637 in Stock (HNI)
HNI Corp. (NYSE:HNI) EVP Bradley Determan sold 24,677 shares of HNI Corp. stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $39.05, for a total transaction of $963,636.85. Following the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $1,027,757. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
HNI Corp. (NYSE:HNI) traded down 0.21% during mid-day trading on Wednesday, hitting $38.93. 189,846 shares of the company’s stock traded hands. HNI Corp. has a 52-week low of $25.08 and a 52-week high of $40.73. The stock has a 50-day moving average of $36.30 and a 200-day moving average of $35.60. The company has a market cap of $1.764 billion and a P/E ratio of 30.48.
HNI Corp. (NYSE:HNI) last released its earnings data on Thursday, October 17th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.03. The company had revenue of $565.70 million for the quarter, compared to the consensus estimate of $573.28 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that HNI Corp. will post $1.38 earnings per share for the current fiscal year.
Separately, analysts at Ned Davis Research upgraded shares of HNI Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th.
HNI Corporation is a provider of office furniture and hearth products. The Company operates in two segments: office furniture and hearth products.
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