HNI Corporation (NYSE:HNI) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $39.67.

HNI has been the subject of a number of research analyst reports. Raymond James Financial, Inc. raised HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 23rd. Citigroup Inc. raised HNI Corporation to an “outperform” rating and set a $42.00 price target on the stock in a research report on Wednesday, August 23rd. BidaskClub downgraded HNI Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. UBS AG raised HNI Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research raised HNI Corporation from a “sell” rating to a “hold” rating in a research report on Monday, September 11th.

Shares of HNI Corporation (NYSE:HNI) opened at 42.86 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 30.79 and a beta of 1.46. HNI Corporation has a one year low of $34.60 and a one year high of $56.94. The company has a 50 day moving average price of $39.92 and a 200 day moving average price of $40.75.

HNI Corporation (NYSE:HNI) last issued its earnings results on Monday, July 24th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The firm had revenue of $514.50 million during the quarter, compared to analysts’ expectations of $516.10 million. HNI Corporation had a return on equity of 20.82% and a net margin of 2.94%. The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. Equities analysts predict that HNI Corporation will post $2.45 EPS for the current year.

In other HNI Corporation news, Chairman Stanley A. Askren sold 12,000 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $37.78, for a total transaction of $453,360.00. Following the sale, the chairman now directly owns 216,996 shares of the company’s stock, valued at approximately $8,198,108.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 36,000 shares of company stock worth $1,399,680 over the last ninety days. 5.16% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its position in HNI Corporation by 102.7% during the 2nd quarter. SG Americas Securities LLC now owns 13,877 shares of the business services provider’s stock worth $553,000 after purchasing an additional 7,031 shares during the period. Dalton Greiner Hartman Maher & Co. grew its position in HNI Corporation by 325.9% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 421,823 shares of the business services provider’s stock worth $16,818,000 after purchasing an additional 322,791 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of HNI Corporation during the 1st quarter valued at about $284,000. Paloma Partners Management Co acquired a new stake in shares of HNI Corporation during the 1st quarter valued at about $931,000. Finally, AQR Capital Management LLC grew its position in shares of HNI Corporation by 320.7% during the 1st quarter. AQR Capital Management LLC now owns 196,911 shares of the business services provider’s stock valued at $9,076,000 after acquiring an additional 150,104 shares during the period. 68.99% of the stock is currently owned by institutional investors.

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About HNI Corporation

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 Corporation (NYSE:HNI)

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