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.

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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.

5 Day Chart for NYSE:HNI

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