HNI (NYSE:HNI) Share Price Breaks Above 200 Day Moving Average - What's Next?

Key Points

• HNI shares rose above their 200-day moving average, reaching $48.33 and last trading near $46.95, compared with a 200-day average of $39.64.
• Analyst sentiment is cautiously positive: HNI has an average “Moderate Buy” rating and a $65 price target, while recent coverage included upgrades from Wall Street Zen and Weiss Ratings.
• HNI reported quarterly EPS of $1.27, beating estimates of $1.04, and revenue rose 120.7% year over year to $1.47 billion. The company also pays a $0.35 quarterly dividend, although insiders sold shares and the reported payout ratio is exceptionally high.

HNI Corporation (NYSE:HNI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.64 and traded as high as $48.33. HNI shares last traded at $46.9460, with a volume of 516,889 shares changing hands.

Analyst Upgrades and Downgrades

HNI has been the subject of several research analyst reports. Wall Street Zen upgraded HNI from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings upgraded shares of HNI from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. Wells Fargo & Company set a $65.00 price target on shares of HNI in a report on Wednesday, July 15th. Finally, Benchmark reiterated a "buy" rating on shares of HNI in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.00.

HNI Stock Up 0.5%

The company's 50-day moving average price is $47.52 and its 200 day moving average price is $39.64. 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 market cap of $3.39 billion, a PE ratio of 521.68, a price-to-earnings-growth ratio of 0.55 and a beta of 0.93.

HNI (NYSE:HNI - Get Free Report) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The firm's quarterly revenue was up 120.7% compared to the same quarter last year. 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, analysts forecast that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. HNI's dividend payout ratio (DPR) is currently 1,555.56%.

Insiders Place Their Bets

In other HNI news, CEO Jeffrey Lorenger sold 45,850 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the completion of the sale, the chief executive officer owned 148,490 shares of the company's stock, valued at approximately $7,060,699.50. The trade was a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 95,138 shares of company stock worth $4,648,587 in the last quarter. 2.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of HNI in the second quarter worth $431,744,000. Bank of New York Mellon Corp bought a new position in HNI in the 2nd quarter worth $37,988,000. Front Street Capital Management Inc. purchased a new stake in HNI in the 2nd quarter worth $23,462,000. Pillsbury Lake Capital LLC purchased a new stake in HNI in the 2nd quarter worth $16,681,571. Finally, Bank of America Corp DE bought a new stake in HNI during the second quarter valued at about $15,724,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

About HNI

HNI Corporation NYSE: HNI is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.

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