HNI (NYSE:HNI) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• HNI shares crossed above their 200-day moving average, reaching $48.48 and last trading near $46.83, compared with a 200-day average of $40.41.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $65 price target, well above the reported share price.
• HNI exceeded quarterly EPS expectations and reported 120.7% year-over-year revenue growth, while paying a $0.35 quarterly dividend; however, insiders sold approximately $4.65 million of stock over the prior 90 days.

HNI Corporation (NYSE:HNI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $40.41 and traded as high as $48.48. HNI shares last traded at $46.8320, with a volume of 622,825 shares changing hands.

Wall Street Analysts Forecast Growth

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

HNI Stock Performance

The business's fifty day moving average is $47.67 and its two-hundred day moving average is $40.41. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3.38 billion, a PE ratio of 520.41, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

HNI (NYSE:HNI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.23. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. HNI's quarterly revenue was up 120.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. 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, research analysts anticipate that HNI Corporation will post 4.19 EPS for the current fiscal year.

HNI Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Jeffrey Lorenger sold 45,850 shares of HNI stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $47.55, for a total value of $2,180,167.50. Following the completion of the transaction, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,060,699.50. This trade represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 95,138 shares of company stock valued at $4,648,587 in the last ninety days. Company insiders own 2.15% of the company's stock.

Institutional Investors Weigh In On HNI

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

HNI Company Profile

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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