HNI (NYSE:HNI) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded HNI from “hold” to “buy.” With Benchmark also maintaining a buy rating, HNI has a “Moderate Buy” consensus and a $65 price target.
• HNI reported quarterly EPS of $1.27, beating the $1.04 consensus estimate, while revenue rose 120.7% year over year to $1.47 billion, slightly below expectations.
• HNI shares opened at $46.93, below the consensus price target, and have traded between $28.93 and $52.79 over the past year. Insiders have sold roughly 95,138 shares worth $4.65 million over the last 90 days.

HNI (NYSE:HNI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently commented on the company. Weiss Ratings raised HNI from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. Benchmark reaffirmed a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, HNI currently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

HNI Stock Performance

NYSE:HNI opened at $46.93 on Friday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 521.55, a PEG ratio of 0.55 and a beta of 0.92. HNI has a fifty-two week low of $28.93 and a fifty-two week high of $52.79. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.36. The stock has a fifty day moving average price of $45.71 and a 200-day moving average price of $39.33.

HNI (NYSE:HNI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $1.11 EPS. The firm's revenue for the quarter was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. As a group, equities analysts anticipate that HNI will post 4.24 EPS for the current fiscal year.

Insider Buying and Selling at HNI

In related news, CEO Jeffrey Lorenger sold 1,504 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at $7,424,500. The trade was a 1.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 95,138 shares of company stock worth $4,648,587. Company insiders own 2.15% of the company's stock.

Hedge Funds Weigh In On HNI

Several large investors have recently bought and sold shares of HNI. Triumph Capital Management bought a new stake in shares of HNI during the third quarter worth about $28,000. Nykredit A S bought a new position in HNI in the 2nd quarter valued at approximately $36,000. Allworth Financial LP bought a new position in HNI in the 2nd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio acquired a new stake in HNI during the 2nd quarter worth approximately $78,000. Finally, denkapparat Operations GmbH acquired a new stake in HNI during the 2nd quarter worth approximately $227,000. 75.26% of the stock is currently owned by institutional investors.

About HNI

HNI Corporation NYSE: HNI is a workplace furnishings and building products company headquartered in Muscatine, Iowa. Through its office furniture businesses, the company designs and manufactures products for commercial workplaces, government facilities, education, healthcare and other institutional environments.

HNI's office furnishings portfolio includes desks, tables, seating, storage, workplace accessories and related solutions. Its brands have included HON, Allsteel, Gunlocke, HBF and OFM, serving organizations through dealers, distributors, direct sales and other channels.

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