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NYSE:HNI

HNI (HNI) Stock Forecast, Price & News

$34.20
+0.03 (+0.09%)
(As of 10:02 AM ET)
Compare
Today's Range
$34.02
$34.26
50-Day Range
$28.54
$34.84
52-Week Range
$24.60
$34.96
Volume
6,805 shs
Average Volume
277,268 shs
Market Capitalization
$1.59 billion
P/E Ratio
20.85
Dividend Yield
3.74%
Price Target
$39.50

HNI MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.5% Upside
$39.50 Price Target
Short Interest
Healthy
1.76% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.24
Upright™ Environmental Score
News Sentiment
1.12mentions of HNI in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.43%
From $2.16 to $2.45 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Business Services Sector

54th out of 308 stocks

Office Furniture, Except Wood Industry

1st out of 2 stocks


HNI stock logo

About HNI (NYSE:HNI) Stock

HNI Corporation, together with its subsidiaries, manufactures, sells, and markets workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, and architectural products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF Textiles, HBF, OFM, Respawn, and HNI India brands. This segment sells its products through independent office products dealers, wholesalers, office product distributors, e-commerce focused resellers, and wholesalers, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; outdoor fire pits and fire tables; and accessories. This segment sells its products primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.

HNI Price History

HNI Stock News Headlines

What's Driving HNI Corp's Surprising 26% Stock Rally?
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
What Makes HNI (HNI) a Good Fit for 'Trend Investing'
ARCs want HNIs in stressed asset mkt
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
2023 Shipper of Choice profile: HNI Corp.
HNI (NYSE:HNI) Is Paying Out A Dividend Of $0.32
Kimball International acquired in $485M deal
See More Headlines
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HNI Company Calendar

Last Earnings
8/08/2023
Ex-Dividend for 9/8 Dividend
8/24/2023
Dividend Payable
9/08/2023
Today
10/04/2023
Next Earnings (Estimated)
10/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
40425110
Employees
7,300
Year Founded
1944

Price Target and Rating

Average Stock Price Forecast
$39.50
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+15.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$123.90 million
Pretax Margin
4.29%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$4.29 per share
Book Value
$14.91 per share

Miscellaneous

Free Float
44,645,000
Market Cap
$1.59 billion
Optionable
Optionable
Beta
0.86

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Key Executives

  • Mr. Jeffrey D. LorengerMr. Jeffrey D. Lorenger (Age 57)
    Chairman, Pres & CEO
    Comp: $2.28M
  • Mr. Marshall H. BridgesMr. Marshall H. Bridges (Age 53)
    Sr. VP & CFO
    Comp: $985.96k
  • Mr. Steven Mark BradfordMr. Steven Mark Bradford (Age 65)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $867.46k
  • Mr. Vincent P. Berger (Age 50)
    Exec. VP and Pres of Hearth & Home Technologies
    Comp: $1.06M
  • Mr. Brandon Bishop Bullock III (Age 45)
    Pres of The HON Company
    Comp: $661.51k
  • Mr. Jack D. Herring
    VP of Corp. Fin. & Treasurer
  • Mr. Radhakrishna S. Rao
    VP and Chief Information & Digital Officer
  • Mr. Matthew Scott McCall C.F.A.
    VP of Investor Relations & Corp. Devel.
  • Mr. Gregory A. Meunier (Age 52)
    Exec. VP of Global Operations - Kimball International
  • Mr. Michael J. Roch (Age 44)
    Chief Customer Officer of Kimball International













HNI Stock - Frequently Asked Questions

Should I buy or sell HNI stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for HNI in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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?

2 analysts have issued 1-year target prices for HNI's stock. Their HNI share price forecasts range from $34.00 to $45.00. On average, they expect the company's share price to reach $39.50 in the next twelve months. This suggests a possible upside of 15.5% 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 beginning of 2023. Since then, HNI shares have increased by 20.3% and is now trading at $34.21.
View the best growth stocks for 2023 here
.

Are investors shorting HNI?

HNI saw a decline in short interest in August. As of August 31st, there was short interest totaling 832,800 shares, a decline of 19.1% from the August 15th total of 1,030,000 shares. Based on an average daily volume of 247,600 shares, the days-to-cover ratio is currently 3.4 days.
View HNI's Short Interest
.

When is HNI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our HNI earnings forecast
.

How were HNI's earnings last quarter?

HNI Co. (NYSE:HNI) announced its earnings results on Tuesday, August, 8th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.28 by $0.27. The business services provider had revenue of $563.50 million for the quarter, compared to analyst estimates of $564.29 million. HNI had a trailing twelve-month return on equity of 13.43% and a net margin of 3.09%. The firm's revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS.

How often does HNI pay dividends? What is the dividend yield for HNI?

HNI declared a quarterly dividend on Tuesday, August 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.32 per share on Friday, September 8th. This represents a $1.28 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for HNI
.

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 3.75%. 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 78.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HNI will have a dividend payout ratio of 52.24% next year. This indicates that the company will be able to sustain or increase its dividend.
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."

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 $34.21.

How much money does HNI make?

HNI (NYSE:HNI) has a market capitalization of $1.59 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 $1.64 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 10/4/2023 by MarketBeat.com Staff

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