HNI (NYSE:HNI) Rating Increased to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of HNI (NYSE:HNI – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

HNI has been the subject of a number of other research reports. Benchmark reissued a “buy” rating on shares of HNI in a report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 price target on shares of HNI in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Check Out Our Latest Stock Analysis on HNI

HNI Price Performance

Shares of NYSE HNI opened at $46.93 on Friday. The firm has a market cap of $3.39 billion, a P/E ratio of 521.55, a price-to-earnings-growth ratio of 0.55 and a beta of 0.92. The business’s 50 day moving average is $45.71 and its 200-day moving average is $39.33. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76. HNI has a 1-year low of $28.93 and a 1-year high of $52.79.

HNI (NYSE:HNI – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $1.11 EPS. The firm’s quarterly revenue was up 120.7% on a year-over-year basis. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. Equities research analysts predict that HNI will post 4.24 earnings per share for the current year.

HNI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.40 annualized dividend and a yield of 3.0%. HNI’s payout ratio is currently 1,555.56%.

Insider Buying and Selling at HNI

In other news, CEO Jeffrey Lorenger sold 1,504 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $50.00, for a total transaction of $75,200.00. Following the completion of the sale, the chief executive officer directly owned 148,490 shares in the company, valued at approximately $7,424,500. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 95,138 shares of company stock worth $4,648,587. Corporate insiders own 2.15% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in HNI during the 2nd quarter worth approximately $431,744,000. California State Teachers Retirement System boosted its stake in shares of HNI by 3,828.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,135,008 shares of the business services provider’s stock valued at $126,686,000 after purchasing an additional 3,055,211 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of HNI in the 2nd quarter valued at $37,988,000. Front Street Capital Management Inc. acquired a new stake in shares of HNI during the second quarter worth $23,462,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of HNI during the second quarter worth $16,681,571. Institutional investors and hedge funds own 75.26% of the company’s stock.

About HNI

(Get Free Report)

HNI Corporation (NYSE:HNI) is a workplace furnishings and building products company headquartered in Muscatine, Iowa. Through its office furniture businesses, the company designs and manufactures products for commercial workplaces, government facilities, education, healthcare and other institutional environments.

HNI’s office furnishings portfolio includes desks, tables, seating, storage, workplace accessories and related solutions. Its brands have included HON, Allsteel, Gunlocke, HBF and OFM, serving organizations through dealers, distributors, direct sales and other channels.

Read More