HNI (NYSE:HNI) Hits New 12-Month Low - Should You Sell?

HNI Co. (NYSE:HNI - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $39.76 and last traded at $43.25, with a volume of 411803 shares trading hands. The stock had previously closed at $40.26.

Analysts Set New Price Targets

Separately, StockNews.com cut HNI from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.

HNI Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.98 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.14 and a beta of 0.78. The firm has a fifty day simple moving average of $45.22 and a 200-day simple moving average of $49.94.

HNI (NYSE:HNI - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $642.50 million for the quarter, compared to analysts' expectations of $657.03 million. HNI had a net margin of 5.52% and a return on equity of 18.27%. On average, research analysts forecast that HNI Co. will post 3.6 EPS for the current fiscal year.

HNI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, February 24th. HNI's dividend payout ratio (DPR) is presently 45.67%.

Insider Buying and Selling at HNI

In other news, insider Brian Scott Smith sold 556 shares of HNI stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $49.90, for a total value of $27,744.40. Following the sale, the insider now owns 14,394 shares of the company's stock, valued at $718,260.60. The trade was a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.37% of the company's stock.

Institutional Investors Weigh In On HNI

A number of hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of HNI in the 1st quarter valued at approximately $735,000. Harbor Capital Advisors Inc. purchased a new stake in shares of HNI during the 1st quarter worth $535,000. GAMMA Investing LLC grew its stake in shares of HNI by 2,701.9% during the 1st quarter. GAMMA Investing LLC now owns 23,816 shares of the business services provider's stock worth $10,560,000 after purchasing an additional 22,966 shares during the period. Mackenzie Financial Corp increased its holdings in shares of HNI by 38.3% in the 4th quarter. Mackenzie Financial Corp now owns 31,153 shares of the business services provider's stock valued at $1,569,000 after purchasing an additional 8,620 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of HNI by 10.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 132,560 shares of the business services provider's stock valued at $6,677,000 after purchasing an additional 12,086 shares during the period. Institutional investors and hedge funds own 75.26% of the company's stock.

About HNI

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.