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NYSE:HNIHNI Stock Price, Forecast & News

$24.25
+0.49 (+2.06 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$23.58
Now: $24.25
$24.77
50-Day Range
$20.65
MA: $23.43
$26.43
52-Week Range
$16.60
Now: $24.25
$42.90
Volume137,900 shs
Average Volume211,884 shs
Market Capitalization$1.03 billion
P/E Ratio12.31
Dividend Yield5.03%
Beta1.1
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, and office product distributors, as well as directly to end-user customers; and federal, state, and local governments. The company's Hearth Products segment provides various gas, electric, wood, and biomass burning fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, Stellar Hearth, and PelPro brands. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. HNI Corporation was incorporated in 1944 and is headquartered in Muscatine, Iowa.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry Office furniture, except wood
Sub-IndustryOffice Services & Supplies
SectorBusiness Services
CUSIP40425110
Phone563-272-7400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.25 billion
Cash Flow$4.43 per share
Book Value$13.65 per share

Profitability

Net Income$110.50 million

Miscellaneous

Employees8,500
Market Cap$1.03 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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HNI (NYSE:HNI) Frequently Asked Questions

How has HNI's stock been impacted by COVID-19 (Coronavirus)?

HNI's stock was trading at $26.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HNI stock has decreased by 8.8% and is now trading at $24.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of HNI?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HNI in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for HNI.

When is HNI's next earnings date?

HNI is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for HNI.

How were HNI's earnings last quarter?

HNI Corp (NYSE:HNI) issued its earnings results on Wednesday, April, 22nd. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.27. The business services provider earned $468.70 million during the quarter, compared to the consensus estimate of $476.51 million. HNI had a return on equity of 21.69% and a net margin of 3.83%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. View HNI's earnings history.

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

HNI announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, May 15th will be given a dividend of $0.305 per share on Monday, June 1st. This represents a $1.22 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, May 14th. View HNI's dividend history.

What price target have analysts set for HNI?

2 brokerages have issued 12-month price targets for HNI's shares. Their forecasts range from $45.00 to $45.00. On average, they expect HNI's stock price to reach $45.00 in the next year. This suggests a possible upside of 85.6% from the stock's current price. View analysts' price targets for HNI.

Has HNI been receiving favorable news coverage?

Media stories about HNI stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. HNI earned a daily sentiment score of -2.6 on InfoTrie's scale. They also assigned news articles about the business services provider a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutHNI.

Are investors shorting HNI?

HNI saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 599,400 shares, a drop of 11.0% from the April 30th total of 673,200 shares. Based on an average trading volume of 235,500 shares, the short-interest ratio is presently 2.5 days. Approximately 1.4% of the company's shares are short sold. View HNI's Current Options Chain.

Who are some of HNI's key competitors?

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), AbbVie (ABBV), Exxon Mobil (XOM), Ford Motor (F), Dominion Energy (D), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), IBM (IBM) and Kohl's (KSS).

Who are HNI's key executives?

HNI's management team includes the following people:
  • Mr. Jeffrey D. Lorenger, Pres, CEO & Director (Age 53)
  • Mr. Marshall H. Bridges, Sr. VP & CFO (Age 49)
  • Mr. Kurt A. Tjaden, Sr. VP (Age 55)
  • Vincent P. Berger, Exec. VP (Age 46)
  • Jack D. Herring, Director of Fin. & Investor Relations and Treasurer

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.47%), State Street Corp (3.24%), Frontier Capital Management Co. LLC (1.76%), Bank of New York Mellon Corp (1.66%), Geode Capital Management LLC (1.43%) and JPMorgan Chase & Co. (1.21%). Company insiders that own HNI stock include Brian E Stern, Jeffrey D Lorenger, Larry B Porcellato, Marshall H Bridges, Miguel M Calado, Ronald V Waters, Stanley A Askren and Vincent P Berger. View institutional ownership trends for HNI.

Which institutional investors are selling HNI stock?

HNI stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, BlackRock Inc., NWQ Investment Management Company LLC, Principal Financial Group Inc., UBS Group AG, AJO LP, WINTON GROUP Ltd, and Morgan Stanley. Company insiders that have sold HNI company stock in the last year include Brian E Stern, Jeffrey D Lorenger, Larry B Porcellato, and Miguel M Calado. View insider buying and selling activity for HNI.

Which institutional investors are buying HNI stock?

HNI stock was acquired by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., JPMorgan Chase & Co., Aperio Group LLC, Acadian Asset Management LLC, and Merriman Wealth Management LLC. View insider buying and selling activity for HNI.

How do I buy shares of HNI?

Shares of HNI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is HNI's stock price today?

One share of HNI stock can currently be purchased for approximately $24.25.

How big of a company is HNI?

HNI has a market capitalization of $1.03 billion and generates $2.25 billion in revenue each year. HNI employs 8,500 workers across the globe.

What is HNI's official website?

The official website for HNI is www.hnicorp.com.

How can I contact HNI?

HNI's mailing address is 600 EAST SECOND STREET PO BOX 1109, MUSCATINE IA, 52761. The business services provider can be reached via phone at 563-272-7400 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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