NYSE:HNI

HNI (HNI) Stock Forecast, Price & News

$26.67

+1.05 (+4.10%)

(As of 06/2/2023 08:48 PM ET)

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Today's Range: $26.05
▼
$26.83
50-Day Range: $24.90
▼
$28.09
52-Week Range: $24.60
▼
$39.44

Volume: 357,700 shs
Average Volume: 291,398 shs
Market Capitalization: $1.11 billion

P/E Ratio: 10.03
Dividend Yield: 4.80%
Price Target: $34.00

HNI MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 27.5% Upside
$34.00 Price Target
Short Interest: Healthy
4.23% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.24
Upright™ Environmental Score
News Sentiment: 0.58
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Business Services Sector

38th out of 332 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
HNI has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.00, HNI has a forecasted upside of 27.5% from its current price of $26.67.
Amount of Analyst Coverage
HNI has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.23% of the float of HNI has been sold short.
Short Interest Ratio / Days to Cover
HNI has a short interest ratio ("days to cover") of 5.2.
Change versus previous month
Short interest in HNI has recently decreased by 4.95%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Leadership
HNI is a leading dividend payer. It pays a dividend yield of 4.80%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
HNI has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of HNI is 48.12%. This payout ratio is at a healthy, sustainable level, below 75%.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
HNI has received a 4.28% net impact score from Upright. HNI seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Fireplaces", "Stoves", and "Workplace interior design services" products. See details.
Environmental Sustainability
The Environmental Impact score for HNI is -2.24.

3.1

News and Social Media Coverage

News Sentiment
HNI has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for HNI this week, compared to 4 articles on an average week.
Search Interest
16 people have searched for HNI on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HNI insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.09% of the stock of HNI is held by insiders.
Percentage Held by Institutions
76.28% of the stock of HNI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of HNI is 10.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of HNI is 10.03, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 329.85.
Price to Book Value per Share Ratio
HNI has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About HNI (NYSE:HNI) Stock

HNI Corp. engages in the provision of workplace furnishings and residential building products. It operates through the Workplace Furnishing and Residential Building Products segments. The Workplace Furnishings segment manufactures and markets a broad line of commercial and home office furniture, which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. The Residential Building Products segment manufactures and markets a full array of gas, wood, electric, and pellet fueled fireplaces, inserts, stoves, facings, and accessories. The company was founded by C. Maxwell Stanley, Clem Hanson, and H. Wood Miller in 1944 and is headquartered in Muscatine, IA.

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HNI Stock News Headlines

June 3, 2023 | finance.yahoo.com

HNI Corporation (NYSE:HNI) Is About To Go Ex-Dividend, And It Pays A 4.8% Yield

June 2, 2023 | finance.yahoo.com

HNI (NYSE:HNI) Is Paying Out A Dividend Of $0.32

June 5, 2023 | Chaikin Analytics (Ad)

Wall Street Legend Who Called AMZN Crash Issues New Sell Alert

Now, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.

June 1, 2023 | bizjournals.com

Kimball International acquired in $485M deal

June 1, 2023 | finanznachrichten.de

Kimball International, Inc.: Kimball International Shareholders Approve Transaction with HNI Corporation

May 31, 2023 | seekingalpha.com

HNI And Kimball Tie-Up May Be MillerKnoll 2.0

May 19, 2023 | finance.yahoo.com

HNI's (NYSE:HNI) Dividend Will Be $0.32

May 18, 2023 | msn.com

'If the TCS payee is a taxpayer, he can claim credit...': FinMin issues FAQs on 20% TCS on international credit card usage

June 5, 2023 | Chaikin Analytics (Ad)

Wall Street Legend Who Called AMZN Crash Issues New Sell Alert

May 18, 2023 | americanbankingnews.com

HNI (NYSE:HNI) Now Covered by Analysts at StockNews.com

May 17, 2023 | msn.com

Number of UHNWIs in India dip to 12,069 in 2022, to rise to 19,119 in 5 yrs: Knight Frank

May 17, 2023 | msn.com

HNI (HNI) Declares $0.32 Dividend

May 16, 2023 | msn.com

HNI declares $0.32 dividend

May 16, 2023 | marketwatch.com

Hni $HNI Investment Analysis

May 16, 2023 | msn.com

HNI Corporation declares $0.32 dividend

May 14, 2023 | marketwatch.com

2030, Desk Accessories Market in 2023, Size Projection

May 13, 2023 | marketwatch.com

2023 Office Chairs Market: Regional Growth Drivers till 2031

May 12, 2023 | marketwatch.com

Height Adjustable Desks Market Size, Demand, Applications, Companies and Global Outlook 2023 to 2030 |Herman Miller, Okamura, HNI, Steelcase

May 12, 2023 | marketwatch.com

Office Chairs Market Size and Research Overview 2023-2030

May 11, 2023 | msn.com

Aditya Birla Capital Q4 Results: Company reports consolidated revenue growth of 31% Y-o-Y to Rs 9,146 crore

May 10, 2023 | benzinga.com

HNI shares are trading higher following better-than-expected Q1 results.

May 10, 2023 | markets.businessinsider.com

HNI Corp. Q1 Results Top Estimates

May 10, 2023 | marketwatch.com

HNI Shares Rise 10% After 1Q Results Beat Estimates

May 10, 2023 | msn.com

HNI jumps after Q1 sales and earnings beat estimates

May 9, 2023 | americanbankingnews.com

HNI (NYSE:HNI) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

May 9, 2023 | finance.yahoo.com

Q1 2023 HNI Corp Earnings Call

May 8, 2023 | finance.yahoo.com

HNI Corporation Reports Earnings for First Quarter Fiscal Year 2023

See More Headlines

HNI Price History

30 days | 90 days | 365 days | Advanced Chart

HNI Company Calendar

Ex-Dividend for 3/8 Dividend: 2/24/2023
Dividend Payable: 3/08/2023
Last Earnings: 5/08/2023
Today: 6/04/2023
Ex-Dividend for 6/23 Dividend: 6/08/2023
Dividend Payable: 6/23/2023
Next Earnings (Estimated): 7/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Office furniture, except wood
Sub-Industry: Office Services & Supplies
Sector: Business Services
Current Symbol: NYSE:HNI
CUSIP: 40425110
CIK: 48287
Web: www.hnicorp.com
Phone: (563) 272-7400
Fax: 563-272-7217
Employees: 7,300
Year Founded: 1944

Price Target and Rating

Average Stock Price Forecast: $34.00
High Stock Price Forecast: $34.00
Low Stock Price Forecast: $34.00
Forecasted Upside/Downside: +27.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.66
Trailing P/E Ratio: 10.03
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $123.90 million
Net Margins: 4.91%
Pretax Margin: 5.81%
Return on Equity: 13.96%
Return on Assets: 5.69%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 1.27
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: $2.36 billion
Price / Sales: 0.47
Cash Flow: $4.28 per share
Price / Cash Flow: 6.23
Book Value: $14.70 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 41,700,000
Free Float: 39,994,000
Market Cap: $1.11 billion
Optionable: Optionable
Beta: 0.92

Social Links

Key Executives

Jeffrey D. Lorenger
Chairman, President & Chief Executive Officer

Marshall H. Bridges
Chief Financial Officer & Senior Vice President

Radhakrishna S. Rao
Chief Information & Digital Officer, VP

Vincent Paul Berger
Executive Vice President

Steven M. Bradford
Secretary, Senior Vice President & General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HNI Stock - Frequently Asked Questions

Should I buy or sell HNI stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HNI in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" HNI shares.
View HNI analyst ratings or view top-rated stocks.
What is HNI's stock price forecast for 2023?: 1 Wall Street analysts have issued twelve-month target prices for HNI's stock. Their HNI share price forecasts range from $34.00 to $34.00. On average, they anticipate the company's share price to reach $34.00 in the next year. This suggests a possible upside of 27.5% from the stock's current price.
View analysts price targets for HNI or view top-rated stocks among Wall Street analysts.
How have HNI shares performed in 2023?: HNI's stock was trading at $28.43 at the start of the year. Since then, HNI shares have decreased by 6.2% and is now trading at $26.67.
View the best growth stocks for 2023 here.
When is HNI's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our HNI earnings forecast.
How were HNI's earnings last quarter?: HNI Co. (NYSE:HNI) announced its quarterly earnings data on Monday, May, 8th. The business services provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.16. The business services provider had revenue of $479.10 million for the quarter, compared to analysts' expectations of $462.26 million. HNI had a net margin of 4.91% and a trailing twelve-month return on equity of 13.96%. HNI's revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS.
How often does HNI pay dividends? What is the dividend yield for HNI?: HNI announced a quarterly dividend on Monday, May 15th. Stockholders of record on Friday, June 9th will be given a dividend of $0.32 per share on Friday, June 23rd. This represents a $1.28 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for HNI.
What ETFs hold HNI's stock?: ETFs with the largest weight of HNI (NYSE:HNI) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco High Yield Equity Dividend Achievers ETF (PEY), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI),
Is HNI a good dividend stock?: HNI (NYSE:HNI) pays an annual dividend of $1.28 per share and currently has a dividend yield of 4.80%. HNI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 48.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for HNI.

What is Jeff Lorenger's approval rating as HNI's CEO?: 14 employees have rated HNI Chief Executive Officer Jeff Lorenger on Glassdoor.com. Jeff Lorenger has an approval rating of 77% among the company's employees.
What other stocks do shareholders of HNI own?: Based on aggregate information from My MarketBeat watchlists, some companies that other HNI investors own include Intuitive Surgical (ISRG), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Altria Group (MO), Intel (INTC), Exxon Mobil (XOM), Broadcom (AVGO) and Bristol-Myers Squibb (BMY).
What is HNI's stock symbol?: HNI trades on the New York Stock Exchange (NYSE) under the ticker symbol "HNI."
Who are HNI's major shareholders?: HNI's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.90%), State Street Corp (5.10%), Dimensional Fund Advisors LP (3.04%), Geode Capital Management LLC (1.84%), Charles Schwab Investment Management Inc. (1.70%) and Bank of New York Mellon Corp (1.52%). Insiders that own company stock include Donna D Meade, Jeffrey D Lorenger, Kurt A Tjaden, Larry B Porcellato, Larry B Porcellato, Marshall H Bridges, Mary A Bell, Miguel M Calado, Steven M Bradford and Vincent P Berger.
View institutional ownership trends.
How do I buy shares of HNI?: Shares of HNI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is HNI's stock price today?: One share of HNI stock can currently be purchased for approximately $26.67.
How much money does HNI make?: HNI (NYSE:HNI) has a market capitalization of $1.11 billion and generates $2.36 billion in revenue each year. The business services provider earns $123.90 million in net income (profit) each year or $2.66 on an earnings per share basis.
How many employees does HNI have?: The company employs 7,300 workers across the globe.
Does HNI have any subsidiaries?: The following companies are subsidiares of HNI: Aladdin Steel Products Inc, Allied Group, Allsteel Inc., American Fireplace Company, Architectural Installations Atlanta Inc., BP Ergo Ltd, Dansons Inc, Design Holdings Inc., Design Public Group, Dongguan Lamex Furniture Co. Ltd., Edward George Company, Global Known Ltd., HFM Partners, HNI Asia L.L.C., HNI Asia Technology Services (Shenzhen) Limited, HNI Holdings Inc., HNI Hong Kong Limited, HNI International (Mexico) L.L.C., HNI International (Puerto Rico) L.L.C., HNI International Inc., HNI Middle East DMCC, HNI Office India Ltd., HNI Services LLC, HNI Singapore Private Limited, HNI Technologies Inc., HON INDUSTRIES (Canada) Inc., HON Internacional Servicios de Mexico S.de R.L. de C.V., HON Internacional de Mexico S.de R.L.de C.V., Hearth & Home Technologies LLC, Heat-N-Glo Fireplace Products Inc, Hickory Business Furniture, Hickory Business Furniture LLC, Lamex China Investment Ltd., Lamex Trading Co, Lamex Trading Co. Ltd., Maxon Furniture Inc., Monessen Hearth Canada Inc., Monessen Hearth Systems Company LLC, OFM, OFM LLC, Omni Workspace Co., Paoli Inc, Paoli LLC, Pearl City Insurance Company, Sagus International, The Gunlocke Company L.L.C., The HON Company LLC, and VCG.
Read More
How can I contact HNI?: HNI's mailing address is 600 EAST SECOND STREET PO BOX 1109, MUSCATINE IA, 52761. The official website for the company is www.hnicorp.com. The business services provider can be reached via phone at (563) 272-7400, via email at investorrelations@hnicorp.com, or via fax at 563-272-7217.

This page (NYSE:HNI) was last updated on 6/5/2023 by MarketBeat.com Staff

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