HNI (NYSE:HNI) is scheduled to release its earnings data after the market closes on Tuesday, February 6th. Analysts expect HNI to post earnings of $0.96 per share for the quarter.
Shares of HNI (NYSE HNI) opened at $37.68 on Friday. HNI has a 12-month low of $31.16 and a 12-month high of $50.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.08. The company has a market capitalization of $1,640.00, a PE ratio of 25.29 and a beta of 1.44.
In related news, CEO Stanley A. Askren sold 3,032 shares of HNI stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $34.62, for a total value of $104,967.84. Following the sale, the chief executive officer now directly owns 213,020 shares in the company, valued at approximately $7,374,752.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Stanley A. Askren sold 6,112 shares of HNI stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $33.44, for a total value of $204,385.28. Following the completion of the sale, the chairman now owns 218,163 shares in the company, valued at $7,295,370.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,375 shares of company stock worth $1,027,081. 5.16% of the stock is currently owned by insiders.
A number of research firms have recently commented on HNI. Rowe cut HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Raymond James Financial restated a “market perform” rating on shares of HNI in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut HNI from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. HNI has a consensus rating of “Hold” and an average price target of $39.67.
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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.
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