News stories about HNI Corporation (NYSE:HNI) have been trending positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HNI Corporation earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.2955574922105 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of HNI Corporation (NYSE:HNI) traded up 1.15% during midday trading on Friday, hitting $38.70. The stock had a trading volume of 156,167 shares. HNI Corporation has a 12 month low of $34.60 and a 12 month high of $56.94. The stock has a market cap of $1.70 billion, a PE ratio of 27.80 and a beta of 1.41. The stock’s 50-day moving average is $36.41 and its 200-day moving average is $41.44.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, August 16th. HNI Corporation’s payout ratio is currently 81.43%.

Several equities analysts have weighed in on HNI shares. TheStreet cut HNI Corporation from a “b-” rating to a “c+” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded HNI Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Raymond James Financial, Inc. upgraded HNI Corporation from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Wednesday, August 23rd. Citigroup Inc. upgraded HNI Corporation to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Wednesday, August 23rd. Finally, UBS AG upgraded HNI Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.50.

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In other news, Chairman Stanley A. Askren sold 12,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.44, for a total transaction of $437,280.00. Following the transaction, the chairman now directly owns 216,996 shares of the company’s stock, valued at $7,907,334.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.16% of the company’s stock.

HNI Corporation 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.

Insider Buying and Selling by Quarter for HNI Corporation (NYSE:HNI)

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