HNI (HNI) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HNI in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HNI shares.
View HNI analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month 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 stock price to reach $39.50 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for HNI or view top-rated stocks among Wall Street analysts.

HNI's stock was trading at $28.43 on January 1st, 2023. Since then, HNI shares have increased by 21.8% and is now trading at $34.63.
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HNI saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 832,800 shares, a decrease of 19.1% from the August 15th total of 1,030,000 shares. Based on an average daily volume of 247,600 shares, the short-interest ratio is currently 3.4 days.
View HNI's Short Interest.

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

HNI Co. (NYSE:HNI) posted its quarterly earnings results on Tuesday, August, 8th. The business services provider reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.27. The business services provider earned $563.50 million during 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%. HNI's quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS.

HNI announced a quarterly dividend on Tuesday, August 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.32 per share on Friday, September 8th. This represents a $1.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for HNI.

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), WBI Power Factor High Dividend ETF (WBIY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV) and Hartford Multifactor Small Cap ETF (ROSC).Small Cap US Equity Select ETF (RNSC).

HNI (NYSE:HNI) pays an annual dividend of $1.28 per share and currently has a dividend yield of 3.67%. 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.

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.

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).

HNI trades on the New York Stock Exchange (NYSE) under the ticker symbol "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.
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One share of HNI stock can currently be purchased for approximately $34.63.

HNI (NYSE:HNI) has a market capitalization of $1.61 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.

The company employs 7,300 workers across the globe.

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.