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NYSE:HNI

HNI (HNI) Stock Price, News & Analysis

HNI logo
$56.17 +0.61 (+1.10%)
(As of 11/22/2024 ET)

About HNI Stock (NYSE:HNI)

Key Stats

Today's Range
$55.77
$56.59
50-Day Range
$49.32
$56.60
52-Week Range
$38.55
$57.59
Volume
391,636 shs
Average Volume
256,337 shs
Market Capitalization
$2.69 billion
P/E Ratio
21.77
Dividend Yield
2.35%
Price Target
$63.00
Consensus Rating
Buy

Company Overview

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. 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, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands. This segment sells its products through independent office products dealers, wholesalers, office product distributors, e-commerce focused resellers, and wholesalers, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled prefabricated fireplaces; and inserts, hearth stoves, facings, outdoor fire pits and fire tables, and accessories. This segment sells its products primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, Stellar, SimpliFire, The Outdoor GreatRoom Company, and Forge & Flame brand names 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 Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

HNI MarketRank™: 

HNI scored higher than 96% of companies evaluated by MarketBeat, and ranked 21st out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    HNI has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    HNI has received no research coverage in the past 90 days.

  • Read more about HNI's stock forecast and price target.
  • Earnings Growth

    Earnings for HNI are expected to grow by 22.87% in the coming year, from $2.93 to $3.60 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of HNI is 21.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of HNI is 21.77, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 29.62.

  • Price to Earnings Growth Ratio

    HNI has a PEG Ratio of 1.56. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    HNI has a P/B Ratio of 3.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about HNI's valuation and earnings.
  • Percentage of Shares Shorted

    1.72% of the outstanding shares of HNI have been sold short.
  • Short Interest Ratio / Days to Cover

    HNI has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in HNI has recently increased by 13.70%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    HNI pays a meaningful dividend of 2.41%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    HNI has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of HNI is 51.16%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, HNI will have a dividend payout ratio of 36.67% next year. This indicates that HNI will be able to sustain or increase its dividend.

  • Read more about HNI's dividend.
  • Percentage of Shares Shorted

    1.72% of the outstanding shares of HNI have been sold short.
  • Short Interest Ratio / Days to Cover

    HNI has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in HNI has recently increased by 13.70%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    HNI has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for HNI this week, compared to 6 articles on an average week.
  • Search Interest

    5 people have searched for HNI on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added HNI to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, HNI insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,781,960.00 in company stock.

  • Percentage Held by Insiders

    Only 3.36% of the stock of HNI is held by insiders.

  • Percentage Held by Institutions

    75.26% of the stock of HNI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about HNI's insider trading history.
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HNI Stock News Headlines

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HNI Corporation Announces Quarterly Dividend
HNI Corporation Reports Strong Q3 Earnings Growth
See More Headlines

HNI Stock Analysis - Frequently Asked Questions

HNI's stock was trading at $41.83 on January 1st, 2024. Since then, HNI shares have increased by 34.3% and is now trading at $56.17.
View the best growth stocks for 2024 here
.

HNI Co. (NYSE:HNI) released its quarterly earnings data on Tuesday, October, 29th. The business services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year.

HNI subsidiaries include these companies: Design Public Group, OFM, VCG, Dansons Inc, BP Ergo Ltd, Sagus International, Hickory Business Furniture, and more.

Top institutional shareholders of HNI include State Street Corp (3.93%), FMR LLC (3.84%), Geode Capital Management LLC (2.27%) and Systematic Financial Management LP (0.97%). Insiders that own company stock include Jeffrey D Lorenger, Marshall H Bridges, Mary A Bell, Vincent P Berger, Steven M Bradford, Larry B Porcellato, Donna D Meade, Miguel M Calado, Brian Scott Smith and Kurt A Tjaden.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that HNI investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

Ex-Dividend for 9/12 Dividend
8/23/2024
Dividend Payable
9/12/2024
Last Earnings
10/29/2024
Ex-Dividend for 12/2 Dividend
11/18/2024
Today
11/22/2024
Dividend Payable
12/02/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Office furniture, except wood
Sub-Industry
Office Services & Supplies
CUSIP
40425110
Employees
8,200
Year Founded
1944

Price Target and Rating

Average Stock Price Target
$63.00
High Stock Price Target
$63.00
Low Stock Price Target
$63.00
Potential Upside/Downside
+12.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$49.20 million
Pretax Margin
5.94%

Debt

Sales & Book Value

Annual Sales
$2.56 billion
Cash Flow
$4.73 per share
Book Value
$17.72 per share

Miscellaneous

Free Float
46,198,000
Market Cap
$2.69 billion
Optionable
Optionable
Beta
0.85

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This page (NYSE:HNI) was last updated on 11/23/2024 by MarketBeat.com Staff
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