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NYSE:HNI

HNI - HNI Stock Forecast, Price & News

$34.65
+0.58 (+1.70%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$34.45
$34.93
50-Day Range
$33.17
$39.34
52-Week Range
$32.91
$44.50
Volume
99,814 shs
Average Volume
193,254 shs
Market Capitalization
$1.43 billion
P/E Ratio
20.75
Dividend Yield
3.76%
Price Target
$38.00

HNI MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.7% 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
0.41mentions of HNI in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$54,150 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.

1.86 out of 5 stars

Business Services Sector

208th out of 337 stocks

Office Furniture, Except Wood Industry

2nd 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 Stock Down 1.0 %

HNI Stock opened at $34.07 on Wednesday. The business has a 50-day moving average of $35.43 and a 200-day moving average of $37.32. HNI has a fifty-two week low of $32.91 and a fifty-two week high of $44.50. The stock has a market capitalization of $1.41 billion, a P/E ratio of 20.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 0.81.

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

HNI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Friday, May 27th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from HNI's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 26th. HNI's dividend payout ratio is currently 76.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TheStreet raised HNI from a "c+" rating to a "b-" rating in a research note on Monday, June 27th. Sidoti cut HNI from a "buy" rating to a "neutral" rating and set a $38.00 target price for the company. in a research note on Monday, August 1st. Finally, StockNews.com downgraded shares of HNI from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Insider Activity

In related news, Director Larry B. Porcellato sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $36.10, for a total transaction of $54,150.00. Following the sale, the director now owns 43,018 shares in the company, valued at $1,552,949.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

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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
8/10/2022
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
+9.7%
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
$1.43 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 analysts have issued "buy," "hold," and "sell" ratings for HNI in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 brokerages 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 expect the company's share price to reach $38.00 in the next twelve months. This suggests a possible upside of 9.7% 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 stock has decreased by 17.6% and is now trading at $34.65.
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 earnings results on Thursday, July, 28th. The business services provider reported $0.52 earnings per share (EPS) for the quarter. The business services provider earned $621.70 million during the quarter, compared to analyst estimates of $606.65 million. HNI had a trailing twelve-month return on equity of 12.62% and a net margin of 3.01%. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share.

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

HNI announced a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, May 27th will be given a dividend of $0.32 per share on Wednesday, June 8th. This represents a $1.28 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 26th. This is an increase 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 3.72%. 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 a number of institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (1.38%), Victory Capital Management Inc. (0.87%), ProShare Advisors LLC (0.54%), Clifford Capital Partners LLC (0.34%), Advisors Asset Management Inc. (0.19%) and Brinker Capital Investments LLC (0.10%). 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 $34.65.

How much money does HNI make?

HNI (NYSE:HNI) has a market capitalization of $1.43 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 8/10/2022 by MarketBeat.com Staff

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