In a surprising turn of events, research analysts at StockNews.com have chosen to downgrade their rating on HNI Corporation (NYSE:HNI) from a “buy” to a “hold.” The news, which was issued to investors on Sunday, has left many wondering about the implications for the future of this well-known furniture manufacturer.
In a recent report released on July 9, 2023, equities researchers at StockNews.com have taken a deep dive into Flexsteel Industries (NASDAQ:FLXS) and initiated coverage on the company’s shares. The researchers have assigned a coveted “strong-buy” rating to the stock, reflecting their bullish stance on its future prospects.
Flexsteel Industries, a leading manufacturer of upholstered and wooden furniture, last announced its earnings results on May 1st of this year. The company surpassed analysts’ expectations by reporting earnings per share (EPS) of $0.28 for the quarter, exceeding the consensus estimate of $0.22 by an impressive margin of $0.06. Furthermore, Flexsteel Industries generated revenue of $99.05 million during the same period, outperforming analysts’ projections of $97.72 million.
Nordea Investment Management AB, a well-known institutional investor, has recently made a significant reduction in its holdings of HNI Co. (NYSE:HNI). According to the latest disclosure filed with the Securities & Exchange Commission, Nordea Investment Management AB now owns 24,818 shares of HNI’s stock, which is a decrease of 59.5% from the previous quarter. This represents an approximate value of $686,000.
MillerKnoll, Inc. (NASDAQ:MLKN)‘s share price gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $17.63, but opened at $18.13. MillerKnoll shares last traded at $18.37, with a volume of 154,205 shares traded. Specifically, insider Megan Lyon purchased 6,410 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average cost of $15.60 per share, for a total transaction of $99,996.00.
In a bold move that has piqued the interest of investors, StockNews.com has recently initiated coverage on shares of Kimball International (NASDAQ: KBAL). With a “buy” rating bestowed upon the stock, shareholders are left captivated by the potential that lies ahead.
Earlier this year, a clip from our internal town hall – in which I discussed meeting our fiscal year goals and ongoing inquiries about bonuses – was leaked, and subsequently went viral.
During the Q&A period, I made comments that were intended to rally our team members while answering their questions. Following the town hall, it was evident that my comments did not land as I had intended. Questions immediately began to swirl about my compensation, and misinformation spread across news outlets and social media.
In a recent filing, Fifth Third Bancorp revealed that it has decreased its position in Steelcase Inc., a prominent business services provider, by 0.9% during the first quarter of this year. The institutional investor now holds 5,199,000 shares, down from its previous ownership of 5,246,943 shares. This decrease in ownership accounts for approximately 47,943 shares sold by Fifth Third Bancorp during the period.
MONROE, Mich. — As it nears its 100th anniversary in 2027, furniture manufacturer and Top 100 retailer La-Z-Boy is re-examining how it connects with consumers.
The Monroe, Mich.-based furniture maker and retailer is undergoing a La-Z-Boy brand refresh that will roll out in August. It has secured the services of marketing firm Colle McVoy to provide strategy, design, public relations and influencer marketing to reposition the La-Z-Boy brand from one that is steeped in nostalgia to an active, dynamic and distinctive brand for modern audiences. RPA, La-Z-Boy’s long-time creative agency, is creating the campaign.
MillerKnoll (NASDAQ:MLKN) Prepares to Announce Quarterly Earnings, Maintaining Steady Dividend Payout Ratio
July 5, 2023
MillerKnoll (NASDAQ:MLKN), a renowned worldwide provider of interior furnishings, is set to release its quarterly earnings data after the market closes on Wednesday, July 12th. Analysts believe that the company will announce earnings of $0.39 per share for the quarter, providing valuable insights into its financial performance and overall market outlook.
In the world of stock analysis, where predictions and speculations shape investment decisions, StockNews.com has shed light on the potential of Flexsteel Industries (NASDAQ:FLXS). The analysts at StockNews.com have recently initiated coverage on the company and have set a “strong-buy” rating on its stock.
Flexsteel Industries, a leading furniture manufacturer, made an admirable performance with its quarterly earnings results, which were announced on Monday, May 1st. Despite market expectations, the company surpassed analysts’ consensus estimates by reporting $0.28 earnings per share for the quarter. This impressive figure exceeded projections by $0.06.
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