The Skandinaviska Enskilda Banken AB publ Has $816,000 Position in HNI Corp. (HNI)

The Skandinaviska Enskilda Banken AB publ Has $816,000 Position in HNI Corp. (HNI)

Skandinaviska Enskilda Banken AB publ continued to hold its stake in shares of HNI Corp. (NYSE:HNI) during the third quarter, Holdings Channel reports. The fund owned 20,500 shares of the company’s stock at the end of the third quarter. Skandinaviska Enskilda Banken AB publ’s holdings in HNI Corp. were worth $816,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in HNI Corp. by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 978,620 shares of the company’s stock valued at $45,495,000 after buying an additional 28,228 shares during the last quarter. Teacher Retirement System of Texas boosted its position in HNI Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,176 shares of the company’s stock valued at $287,000 after buying an additional 750 shares during the last quarter. Victory Capital Management Inc. boosted its position in HNI Corp. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,796 shares of the company’s stock valued at $502,000 after buying an additional 1,617 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in HNI Corp. by 28.2% in the second quarter. UBS Asset Management Americas Inc. now owns 24,489 shares of the company’s stock valued at $1,139,000 after buying an additional 5,390 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in HNI Corp. by 3.1% in the second quarter. Nationwide Fund Advisors now owns 104,762 shares of the company’s stock valued at $4,870,000 after buying an additional 3,180 shares during the last quarter. 67.78% of the stock is owned by hedge funds and other institutional investors.

Shares of HNI Corp. (NYSE:HNI) traded down 2.69% during trading on Thursday, hitting $49.49. 148,260 shares of the company’s stock were exchanged. The company has a market cap of $2.20 billion, a P/E ratio of 21.06 and a beta of 1.44. HNI Corp. has a 12-month low of $30.58 and a 12-month high of $56.96. The company has a 50-day moving average of $53.99 and a 200-day moving average of $49.33.

HNI Corp. (NYSE:HNI) last posted its earnings results on Wednesday, October 19th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. HNI Corp. had a net margin of 4.82% and a return on equity of 24.76%. The firm earned $584.60 million during the quarter, compared to analysts’ expectations of $583.70 million. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts expect that HNI Corp. will post $2.65 earnings per share for the current fiscal year.

HNI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of HNI Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Sidoti initiated coverage on shares of HNI Corp. in a research note on Friday, January 6th. They issued a “neutral” rating and a $59.00 price objective for the company. Finally, Seaport Global Securities initiated coverage on shares of HNI Corp. in a research note on Friday, November 4th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.00.

About HNI Corp.

HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range 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.

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