HNI Corp (NYSE:HNI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.89 and traded as high as $38.05. HNI shares last traded at $37.72, with a volume of 6,269 shares traded.

HNI has been the topic of a number of research analyst reports. ValuEngine upgraded shares of HNI from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research cut HNI from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Finally, TheStreet raised HNI from a “c+” rating to a “b-” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. HNI currently has a consensus rating of “Hold” and an average target price of $45.00.

The firm has a market cap of $1.62 billion, a P/E ratio of 17.25 and a beta of 1.19. The firm’s fifty day simple moving average is $38.23 and its 200 day simple moving average is $35.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 1.19.

HNI (NYSE:HNI) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. HNI had a return on equity of 19.43% and a net margin of 4.27%. The company had revenue of $625.40 million for the quarter, compared to the consensus estimate of $640.30 million. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts predict that HNI Corp will post 2.55 earnings per share for the current year.

In related news, Director Brian E. Stern sold 20,000 shares of HNI stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $39.41, for a total value of $788,200.00. Following the completion of the transaction, the director now owns 30,905 shares in the company, valued at $1,217,966.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Miguel M. Calado sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the director now directly owns 50,327 shares in the company, valued at $2,013,080. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of HNI by 9.5% in the 3rd quarter. First Trust Advisors LP now owns 41,736 shares of the business services provider’s stock worth $1,482,000 after acquiring an additional 3,638 shares during the last quarter. United Capital Financial Advisers LLC purchased a new position in HNI during the 2nd quarter worth $230,000. Point72 Asset Management L.P. purchased a new position in HNI during the 3rd quarter worth $181,000. Man Group plc bought a new stake in HNI during the 3rd quarter valued at $270,000. Finally, Russell Investments Group Ltd. grew its holdings in HNI by 1,546.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 76,632 shares of the business services provider’s stock worth $2,721,000 after acquiring an additional 71,978 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.

About HNI (NYSE:HNI)

HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of 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, Lamex, and HNI India brands.

Read More: What are the benefits of investing in REITs?

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.