HNI - HNI Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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.

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.

ETFs with the largest weight of HNI (NYSE:HNI) stock in their portfolio include 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), Hartford Multifactor Small Cap ETF (ROSC), Distillate Small/Mid Cash Flow ETF (DSMC) and First Trust Small Cap Value AlphaDEX Fund (FYT).

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.

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 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.
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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 $26.96.

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.

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.