Favorable News Coverage Somewhat Unlikely to Impact HNI (HNI) Stock Price

Headlines about HNI (NYSE:HNI) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HNI earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 43.9518799289419 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

HNI (NYSE HNI) opened at $39.18 on Friday. HNI has a 52-week low of $31.16 and a 52-week high of $52.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.08. The stock has a market cap of $1,701.47, a PE ratio of 16.89 and a beta of 1.49.

A number of brokerages recently commented on HNI. Rowe cut shares of HNI from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 24th. Raymond James Financial restated a “market perform” rating on shares of HNI in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of HNI from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $39.67.

In related news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stanley A. Askren sold 3,021 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $35.07, for a total transaction of $105,946.47. The disclosure for this sale can be found here. Insiders have sold 29,375 shares of company stock worth $1,027,081 in the last quarter. 5.16% of the stock is owned by corporate insiders.

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About HNI

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 (NYSE:HNI)

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