HNI (HNI) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HNI in the last twelve months. There are currently 1 buy rating 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.

1 analysts have issued 1 year target prices for HNI's stock. Their HNI share price forecasts range from $34.00 to $34.00. On average, they predict the company's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 33.3% 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 at the beginning of 2023. Since then, HNI stock has decreased by 10.3% and is now trading at $25.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our HNI earnings forecast.

HNI Co. (NYSE:HNI) posted its quarterly earnings data on Monday, May, 8th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS.

HNI declared a quarterly dividend on Monday, May 15th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.32 per share on Friday, June 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, June 8th.
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), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI),

HNI (NYSE:HNI) pays an annual dividend of $1.28 per share and currently has a dividend yield of 4.83%. 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.

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."

HNI's stock is owned by a number of retail and institutional investors. Top institutional investors 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.

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 $25.50.

HNI (NYSE:HNI) has a market capitalization of $1.06 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.

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.