HNI Corp (NYSE:HNI) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

A number of brokerages recently issued reports on HNI. ValuEngine cut shares of HNI from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. TheStreet upgraded shares of HNI from a “c+” rating to a “b-” rating in a report on Tuesday, July 24th. Finally, Zacks Investment Research cut shares of HNI from a “hold” rating to a “sell” rating in a report on Thursday, July 26th.

In other HNI news, Director Miguel M. Calado sold 1,000 shares of HNI stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $42.56, for a total value of $42,560.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stanley A. Askren sold 25,212 shares of HNI stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $42.70, for a total transaction of $1,076,552.40. Following the completion of the transaction, the director now directly owns 257,336 shares in the company, valued at approximately $10,988,247.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,068 shares of company stock valued at $2,664,859. Corporate insiders own 5.16% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HNI. Bank of Montreal Can bought a new position in HNI in the second quarter valued at approximately $157,000. Susquehanna Fundamental Investments LLC bought a new position in HNI in the first quarter valued at approximately $212,000. Koch Industries Inc. bought a new position in HNI in the first quarter valued at approximately $225,000. Creative Planning bought a new position in HNI in the second quarter valued at approximately $227,000. Finally, A.R.T. Advisors LLC bought a new position in HNI in the first quarter valued at approximately $248,000. 71.89% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HNI traded down $0.59 during trading on Wednesday, reaching $42.47. 233,000 shares of the stock traded hands, compared to its average volume of 174,779. The stock has a market cap of $1.87 billion, a P/E ratio of 21.79 and a beta of 1.41. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.23. HNI has a fifty-two week low of $31.16 and a fifty-two week high of $45.40.

HNI (NYSE:HNI) last issued its quarterly earnings data on Monday, July 23rd. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.10. The firm had revenue of $543.60 million during the quarter, compared to analysts’ expectations of $525.00 million. HNI had a net margin of 4.13% and a return on equity of 15.89%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. analysts predict that HNI will post 2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, August 16th. HNI’s dividend payout ratio is currently 59.90%.

About HNI

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, and Taiwan. The company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, basyx by HON, Lamex, and HNI India brands.

Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks

Receive News & Ratings for HNI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HNI and related companies with MarketBeat.com's FREE daily email newsletter.