HNI Corp (HNI) Given Consensus Rating of “Hold” by Brokerages
Shares of HNI Corp (NYSE:HNI) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.00.
HNI has been the subject of several recent analyst reports. Off Wall Street initiated coverage on shares of HNI Corp in a report on Monday, February 6th. They issued a “sell” rating for the company. Zacks Investment Research raised shares of HNI Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, Sidoti initiated coverage on shares of HNI Corp in a report on Friday, January 6th. They issued a “neutral” rating and a $59.00 price target for the company.
HNI Corp (NYSE:HNI) opened at 46.69 on Thursday. HNI Corp has a 1-year low of $35.68 and a 1-year high of $56.96. The company has a 50-day moving average of $47.40 and a 200 day moving average of $48.22. The stock has a market cap of $2.05 billion, a P/E ratio of 24.84 and a beta of 1.44.
HNI Corp (NYSE:HNI) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.85 by $0.03. The company earned $581.30 million during the quarter, compared to analysts’ expectations of $581.50 million. HNI Corp had a return on equity of 23.75% and a net margin of 3.88%. HNI Corp’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Analysts predict that HNI Corp will post $2.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 6th. Investors of record on Monday, February 27th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, February 23rd. HNI Corp’s payout ratio is presently 58.51%.
Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of HNI Corp during the fourth quarter valued at approximately $53,804,000. Royal Bank of Canada boosted its stake in shares of HNI Corp by 846.6% in the second quarter. Royal Bank of Canada now owns 253,377 shares of the company’s stock valued at $11,781,000 after buying an additional 226,609 shares during the period. Principal Financial Group Inc. boosted its stake in shares of HNI Corp by 24.7% in the third quarter. Principal Financial Group Inc. now owns 700,074 shares of the company’s stock valued at $27,863,000 after buying an additional 138,584 shares during the period. BlackRock Fund Advisors boosted its stake in shares of HNI Corp by 5.6% in the third quarter. BlackRock Fund Advisors now owns 2,328,923 shares of the company’s stock valued at $92,691,000 after buying an additional 122,473 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of HNI Corp by 13.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 995,223 shares of the company’s stock valued at $55,653,000 after buying an additional 118,408 shares during the period. 67.13% of the stock is owned by institutional investors.
“HNI Corp (HNI) Given Consensus Rating of “Hold” by Brokerages” was reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/03/16/hni-corp-hni-given-consensus-rating-of-hold-by-brokerages.html.
HNI Corp Company Profile
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range 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.
Receive News & Ratings for HNI Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI Corp and related companies with MarketBeat.com's FREE daily email newsletter.