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NYSE:HNI

HNI - HNI Stock Forecast, Price & News

$36.38
+0.40 (+1.11%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.72
$36.38
50-Day Range
$33.17
$38.74
52-Week Range
$32.91
$44.50
Volume
111,631 shs
Average Volume
190,687 shs
Market Capitalization
$1.50 billion
P/E Ratio
21.78
Dividend Yield
3.56%
Price Target
$38.00

HNI MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.5% Upside
$38.00 Price Target
Short Interest
Healthy
2.83% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
0.52mentions of HNI in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$106,575 Sold Last Quarter
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.

1.87 out of 5 stars

Business Services Sector

279th out of 339 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 and sells workplace furnishings and residential building products primarily in the United States. 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, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories 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. This segment markets its products 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 Performance

HNI Stock traded down $0.03 during mid-day trading on Tuesday, reaching $35.95. The company's stock had a trading volume of 274 shares, compared to its average volume of 128,414. The company has a current ratio of 1.27, a quick ratio of 0.81 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.49 billion, a PE ratio of 21.57 and a beta of 0.86. The company's 50 day moving average is $35.20 and its two-hundred day moving average is $37.12. HNI has a fifty-two week low of $32.91 and a fifty-two week high of $44.50.

HNI (NYSE:HNI - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The business services provider reported $0.52 EPS for the quarter. The business had revenue of $621.70 million during the quarter, compared to the consensus estimate of $606.65 million. HNI had a return on equity of 12.62% and a net margin of 3.01%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share.

Wall Street Analysts Forecast Growth

HNI has been the subject of several analyst reports. TheStreet raised shares of HNI from a "c+" rating to a "b-" rating in a research report on Monday, June 27th. StockNews.com lowered HNI from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 6th. Finally, Sidoti downgraded HNI from a "buy" rating to a "neutral" rating and set a $38.00 target price for the company. in a research report on Monday, August 1st.

Insider Buying and Selling

In other HNI news, Director Larry B. Porcellato sold 1,500 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $34.95, for a total value of $52,425.00. Following the sale, the director now directly owns 41,701 shares of the company's stock, valued at approximately $1,457,449.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.80% of the company's stock.

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HNI Stock News Headlines

HNI (NYSE:HNI) Stock Rating Lowered by StockNews.com
HNI (NYSE:HNI) Downgraded to "Neutral" at Sidoti
StockNews.com Upgrades HNI (NYSE:HNI) to "Strong-Buy"
HNI: Q2 Earnings Insights
HNI: Q2 Earnings Insights - Benzinga
HNI FQ2 Non-GAAP EPS, revenue beats - Seeking Alpha
Homeware Global Market Report 2022 - Yahoo Finance
See More Headlines
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HNI Company Calendar

Ex-Dividend for 6/8 Dividend
5/26/2022
Dividend Payable
6/08/2022
Last Earnings
7/28/2022
Today
8/16/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
40425110
Employees
8,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$38.00
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+4.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$59.81 million
Pretax Margin
3.39%

Debt

Sales & Book Value

Annual Sales
$2.18 billion
Cash Flow
$3.73 per share
Book Value
$13.54 per share

Miscellaneous

Free Float
40,176,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
0.86

Key Executives














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 twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HNI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HNI, but not buy additional shares or sell existing shares.
View HNI analyst ratings
or view top-rated stocks.

What is HNI's stock price forecast for 2022?

1 Wall Street analysts have issued 1-year price objectives for HNI's stock. Their HNI share price forecasts range from $38.00 to $38.00. On average, they predict the company's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 4.5% 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 2022?

HNI's stock was trading at $42.05 on January 1st, 2022. Since then, HNI shares have decreased by 13.5% and is now trading at $36.38.
View the best growth stocks for 2022 here
.

When is HNI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our HNI earnings forecast
.

How were HNI's earnings last quarter?

HNI Co. (NYSE:HNI) released its quarterly earnings data on Thursday, July, 28th. The business services provider reported $0.52 earnings per share for the quarter. The business services provider had revenue of $621.70 million for the quarter, compared to the consensus estimate of $606.65 million. HNI had a net margin of 3.01% and a trailing twelve-month return on equity of 12.62%. The company's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS.

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

HNI declared a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.32 per share on Wednesday, June 8th. This represents a $1.28 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Thursday, May 26th. This is a boost from the stock's previous quarterly dividend of $0.31.
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 3.56%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 76.65%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 Northern Trust Corp (5.26%), State Street Corp (3.78%), FMR LLC (3.68%), Frontier Capital Management Co. LLC (1.38%), Crawford Investment Counsel Inc. (1.23%) and Principal Financial Group Inc. (1.15%). Insiders that own company stock include Brian E Stern, Donna D Meade, Jeffrey D Lorenger, Kurt A Tjaden, Larry B Porcellato, Larry B Porcellato, Marshall H Bridges, Mary A Bell, Miguel M Calado, 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 $36.38.

How much money does HNI make?

HNI (NYSE:HNI) has a market capitalization of $1.50 billion and generates $2.18 billion in revenue each year. The business services provider earns $59.81 million in net income (profit) each year or $1.67 on an earnings per share basis.

How many employees does HNI have?

The company employs 8,100 workers across the globe.

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 8/16/2022 by MarketBeat.com Staff

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