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F   11.51 (+0.79%)
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NYSE:HNI

HNI - HNI Stock Forecast, Price & News

$26.96
+0.46 (+1.74%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$26.24
$27.02
50-Day Range
$26.14
$32.35
52-Week Range
$24.60
$39.44
Volume
333,629 shs
Average Volume
314,501 shs
Market Capitalization
$1.12 billion
P/E Ratio
9.14
Dividend Yield
4.75%
Price Target
$34.00

HNI MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.1% Upside
$34.00 Price Target
Short Interest
Bearish
3.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.24
Upright™ Environmental Score
News Sentiment
0.58mentions of HNI in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$211,106 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.

2.69 out of 5 stars

Business Services Sector

59th out of 323 stocks

Office Furniture, Except Wood Industry

2nd out of 2 stocks


HNI stock logo

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

7 Long-Term Stocks That Will Reward Patient Investors
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
K-12 Furniture Market Share and Forecast till 2028
HNI Corporation: A Reasonable Deal At The Wrong Time
HNI Corporation to Acquire Kimball International
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Q4 2022 HNI Corp Earnings Call
HNI Full Year 2022 Earnings: EPS Misses Expectations
ALLSTEEL ANNOUNCES INVESTMENT FOCUS FOR 2023
See More Headlines
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HNI Company Calendar

Last Earnings
2/23/2023
Ex-Dividend for 3/8 Dividend
2/24/2023
Dividend Payable
3/08/2023
Today
3/24/2023
Next Earnings (Estimated)
4/27/2023
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
$34.00
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+27.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$123.90 million
Pretax Margin
6.20%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$4.27 per share
Book Value
$14.91 per share

Miscellaneous

Free Float
40,289,000
Market Cap
$1.11 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Jeffrey D. LorengerJeffrey D. Lorenger
    Chairman, President & Chief Executive Officer
  • Marshall H. BridgesMarshall H. Bridges
    Chief Financial Officer & Senior Vice President
  • Radhakrishna S. Rao
    Chief Information & Digital Officer, VP
  • Vincent Paul Berger
    Executive Vice President
  • Steven M. BradfordSteven M. Bradford
    Secretary, Senior Vice President & General Counsel













HNI Stock - Frequently Asked Questions

Should I buy or sell HNI stock right now?

1 Wall Street equities 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 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?

1 brokers have issued twelve-month price targets for HNI's stock. Their HNI share price forecasts range from $34.00 to $34.00. On average, they expect the company's share price to reach $34.00 in the next year. This suggests a possible upside of 26.1% 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 5.2% and is now trading at $26.96.
View the best growth stocks for 2023 here
.

Are investors shorting HNI?

HNI saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 1,360,000 shares, an increase of 7.1% from the January 31st total of 1,270,000 shares. Based on an average daily volume of 161,500 shares, the short-interest ratio is presently 8.4 days. Currently, 3.4% of the company's stock are sold short.
View HNI's Short Interest
.

When is HNI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our HNI earnings forecast
.

How were HNI's earnings last quarter?

HNI Co. (NYSE:HNI) posted its earnings results on Thursday, February, 23rd. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.15. The business services provider had revenue of $568.90 million for the quarter, compared to analyst estimates of $559.22 million. HNI had a trailing twelve-month return on equity of 15.68% and a net margin of 5.25%. HNI's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share.

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

HNI declared a quarterly dividend on Tuesday, February 14th. Shareholders of record on Monday, February 27th will be given a dividend of $0.32 per share on Wednesday, March 8th. This represents a $1.28 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Friday, February 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 4.77%. 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 43.39%. 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 a number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (3.17%), Dimensional Fund Advisors LP (2.94%), Geode Capital Management LLC (1.79%), Morgan Stanley (1.24%), Norges Bank (0.93%) and Victory Capital Management Inc. (0.88%). 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 $26.96.

How much money does HNI make?

HNI (NYSE:HNI) has a market capitalization of $1.12 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 $2.95 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 3/24/2023 by MarketBeat.com Staff