HNI (NYSE:HNI) Given New $65.00 Price Target at Benchmark

Key Points

• Benchmark cut its price target for HNI from $75 to $65 but kept a buy rating, implying roughly an 84.7% upside from current levels.
• HNI reported Q1 EPS of $0.34 (beating estimates) while revenue of $1.35B slightly missed consensus, and management guided to mid‑teens % non‑GAAP EPS growth for 2026 with a priority on reducing net leverage and “profits over volume.”
• Analysts have a consensus Moderate Buy with an average target of $71.67; the stock trades near $35 and is ~75% institutionally owned, with recent large positions added by funds like Cooke & Bieler and Millennium.

HNI (NYSE:HNI - Get Free Report) had its target price dropped by analysts at Benchmark from $75.00 to $65.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Benchmark's price objective suggests a potential upside of 84.72% from the stock's current price.

A number of other research analysts have also commented on the company. Weiss Ratings lowered HNI from a "buy (b-)" rating to a "hold (c)" rating in a research report on Thursday, March 5th. Wall Street Zen lowered HNI from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.67.

HNI Trading Up 5.7%

HNI traded up $1.90 during midday trading on Thursday, reaching $35.19. 149,351 shares of the company's stock traded hands, compared to its average volume of 684,932. The firm has a fifty day moving average of $37.69 and a two-hundred day moving average of $41.83. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 0.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.24 and a quick ratio of 0.82. HNI has a 52 week low of $31.41 and a 52 week high of $53.29.

HNI (NYSE:HNI - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. HNI had a return on equity of 15.80% and a net margin of 1.91%.HNI's quarterly revenue was up 124.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. On average, equities analysts anticipate that HNI will post 3.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HNI. Cooke & Bieler LP bought a new position in HNI during the 3rd quarter valued at approximately $28,744,000. Millennium Management LLC bought a new position in HNI during the 1st quarter valued at approximately $10,666,000. Jane Street Group LLC bought a new position in HNI during the 1st quarter valued at approximately $10,301,000. SG Americas Securities LLC increased its position in HNI by 167.4% during the 4th quarter. SG Americas Securities LLC now owns 42,621 shares of the business services provider's stock valued at $1,792,000 after buying an additional 26,683 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in HNI during the 3rd quarter valued at approximately $676,000. Institutional investors own 75.26% of the company's stock.

Trending Headlines about HNI

Here are the key news stories impacting HNI this week:

• Positive Sentiment: EPS topped consensus for Q1 (reported $0.34 vs. street ~ $0.29–$0.31), showing the company controlled profitability better than expected. HNI (HNI) Surpasses Q1 Earnings Estimates
• Positive Sentiment: Management gave forward targets: mid‑teens % non‑GAAP EPS growth for 2026 and a goal to reduce net leverage to ~1.0–1.5x within two years — clear financial priorities that can boost investor confidence if execution continues. HNI projects mid-teens % non-GAAP EPS growth in 2026
• Positive Sentiment: Management emphasized “profits over volume” on the earnings call — signaling a shift to margin expansion and cash‑flow focus that investors often reward if paired with consistent execution. HNI Corp Earnings Call Signals Profits Over Volume
• Positive Sentiment: Large institutional holders (BlackRock, Vanguard and others) increased positions in recent filings, which can provide a stabilizing base and signal confidence from long‑term investors. HNI ($HNI) Releases Q1 2026 Earnings
• Neutral Sentiment: Revenue showed large year‑over‑year growth (reported up ~125%), but this appears influenced by mix and prior‑period comparables — important context for analysts parsing sustainability. HNI Corporation Reports First Quarter 2026 Results
• Negative Sentiment: Total revenue missed consensus (~$1.35B reported vs. ~$1.37–1.41B expected), which may weigh on sentiment while analysts adjust revenue/volume assumptions. HNI NYSE: HNI Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Q1 EPS declined year‑over‑year (from $0.44 to $0.34) and individual investor holdings have fallen to a five‑year low, which can reduce retail buying support and add downside pressure if institutional buying slows. Individual investors, HNI holdings in equity fall to 5-year low

HNI Company Profile

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI's Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.

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