Quantbot Technologies LP makes a $101,000 investment in HNI Co. (NYSE:HNI)

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10 February, 2023

The most recent report that Quantbot Technologies LP has submitted to the Securities and Exchange Commission (SEC) indicates that the company made a new investment in HNI Co (NYSE: HNI) during the third quarter of the fiscal year.

The corporation spent approximately $101,000 to acquire 3,826 shares of the business services provider’s stock, bringing the total cost of the transaction close to that figure.

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‘A promise realized’: MillerKnoll hopes to seize combined potential in 2023

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9 February, 2023

MillerKnoll leadership said it hopes 2023 will be the year the combined entity gets to embrace its market potential.

It’s been nearly two years since Herman Miller announced its acquisition of Knoll, seeking to amplify the combined business as a leader in modern design. The companies at the time said they hoped to catalyze the transformation of the home and office sector at a time of unprecedented disruption.

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Office, contract furniture giant Kimball sees big sales gain

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8 February, 2023

JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year.

Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.

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La-Z-Boy: Margin Recovery And Upside Potential

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8 February, 2023

Summary

  • Positive change in channel mix continues to support business operating margins.
  • La-Z-Boy continues to effectively pass the inflation rate on to the end consumer.
  • The company is trading below the fair level based on fundamental analysis in accordance with my model.
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Office, contract furniture giant Kimball sees big sales gain

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8 February, 2023

JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year.

Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.

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Greg Stoner Joins Indiana Furniture’s Board of Directors

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8 February, 2023

Indiana Furniture announced Greg Stoner has been elected to their board of directors. Stoner will bring decades of experience in corporate leadership and manufacturing, and a long track record of driving innovative and diverse teams globally.

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Nisa Investment Advisors LLC Has $721,000 Position in HNI Co. (NYSE:HNI)

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7 February, 2023

Nisa Investment Advisors LLC reduced its position in shares of HNI Co. (NYSE:HNI) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,046 shares of the business services provider’s stock after selling 1,766 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of HNI worth $721,000 at the end of the most recent quarter.

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HNI Co. (NYSE:HNI) CFO Marshall H. Bridges Sells 4,383 Shares of Stock

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7 February, 2023

HNI Co. (NYSE:HNI) CFO Marshall H. Bridges sold 4,383 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $32.35, for a total value of $141,790.05. Following the completion of the transaction, the chief financial officer now owns 72,287 shares of the company’s stock, valued at $2,338,484.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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La-Z-Boy (LZB): Retail Focus And Weak Cash Flow Could Spell Slowdown Ahead

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7 February, 2023

Summary

  • La-Z-Boy’s retail focus could mean weakness in growth ahead.
  • Although the company has had strong earnings growth, its free cash flow growth isn’t picking up.
  • Combining the two could mean a slowdown in the near term that impacts both its shareholder return and acquisitions.
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Flexsteel hits target with $93.14 million net sales in second quarter 2023

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7 February, 2023

DUBUQUE, Iowa — Flexsteel Inds. reported second quarter 2023 (ending Dec. 31, 2022) revenues of $93.14 million besting analyst estimates of $89.53 million but still coming in at a a decrease of 34.3% from $141.7 million in the prior-year quarter.

The company’s earnings per share was 8 cents per share, 5 cents better than analyst estimates.

Jerry Dittmer, president and CEO, said, “While many furniture manufacturers are scaling back investments and resources in response to uncertain business conditions across the industry, we are making judicious investments to support our long-term strategic growth plans.”

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