HNI (HNI) Q2 Earnings Beat Estimates
HNI (HNI) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.55 per share a year ago.
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HNI (HNI) Upgraded to Strong Buy: Here's What You Should Know
HNI (HNI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
HNI Corporation (HNI) Hit a 52 Week High, Can the Run Continue?
HNI (HNI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
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Swiss National Bank Has $3.84 Million Stake in HNI Co. (NYSE:HNI)
Swiss National Bank cut its stake in shares of HNI Co. (NYSE:HNI – Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,700 shares of the business services provider’s stock after selling 10,300 shares during the quarter. Swiss National Bank owned approximately 0.20% of HNI worth $3,836,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new position in HNI during the 4th quarter valued at about $1,347,000. Vanguard Group Inc. increased its holdings in shares of HNI by 0.7% during the third quarter. Vanguard Group Inc. now owns 5,276,579 shares of the business services provider’s stock worth $182,728,000 after buying an additional 36,988 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of HNI in the third quarter valued at approximately $947,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of HNI by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 800,024 shares of the business services provider’s stock worth $27,705,000 after acquiring an additional 30,475 shares in the last quarter. Finally, L2 Asset Management LLC bought a new stake in HNI during the 3rd quarter worth approximately $1,251,000. 75.26% of the stock is owned by institutional investors. Insider Activity at HNI In other HNI news, EVP Vincent P. Berger sold 9,976 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $43.01, for a total transaction of $429,067.76. Following the transaction, the executive vice president now owns 67,025 shares in the company, valued at $2,882,745.25. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Vincent P. Berger sold 9,976 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.01, for a total value of $429,067.76. Following the sale, the executive vice president now directly owns 67,025 shares in the company, valued at approximately $2,882,745.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry B. Porcellato sold 1,796 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $46.00, for a total transaction of $82,616.00. Following the transaction, the director now owns 39,100 shares of the company’s stock, valued at approximately $1,798,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,172 shares of company stock worth $832,242. 3.36% of the stock is owned by insiders. Analysts Set New Price Targets A number of research firms have commented on HNI. Benchmark boosted their price objective on HNI from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. StockNews.com lowered shares of HNI from a “strong-buy” rating to a “buy” rating in a report on Friday, March 8th. Check Out Our Latest Stock Analysis on HNI HNI Price Performance HNI stock opened at $45.98 on Monday. The business’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $42.01. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 1.24 and a beta of 0.87. HNI Co. has a 12-month low of $25.06 and a 12-month high of $47.60. HNI (NYSE:HNI – Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.18 by $0.19. HNI had a net margin of 2.57% and a return on equity of 17.75%. The company had revenue of $588.00 million during the quarter, compared to analysts’ expectations of $574.56 million. During the same quarter in the previous year, the company earned $0.13 EPS. HNI’s revenue was up 22.7% on a year-over-year basis. As a group, research analysts anticipate that HNI Co. will post 3.1 earnings per share for the current year. HNI Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 24th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, May 23rd. This is a boost from HNI’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.87%. HNI’s payout ratio is 94.81%. About HNI (Free Report) HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.
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