HNI (NYSE:HNI) Stock Rating Upgraded by Wall Street Zen

HNI (NYSE:HNI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also commented on HNI. Weiss Ratings upgraded shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 24th. Wells Fargo & Company set a $65.00 target price on shares of HNI in a report on Wednesday, July 15th. Finally, Benchmark reissued a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

HNI Stock Up 0.1%

Shares of 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. HNI has a 12-month low of $28.93 and a 12-month high of $52.79. The company’s 50-day moving average price is $45.71 and its 200 day moving average price is $39.26. 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 (NYSE:HNI) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.23. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. HNI’s revenue for the quarter was up 120.7% compared to the same quarter last year. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS. On average, sell-side analysts forecast that HNI will post 4.24 earnings per share for the current year.

Insider Buying and Selling

In other HNI news, CEO Jeffrey Lorenger sold 45,850 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the sale, the chief executive officer owned 148,490 shares in the company, valued at $7,060,699.50. This represents a 23.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 95,138 shares of company stock worth $4,648,587. Insiders own 2.15% of the company’s stock.

Hedge Funds Weigh In On HNI

Institutional investors and hedge funds have recently made changes to their positions in the stock. Burnham & Co LLC purchased a new position in HNI in the second quarter worth approximately $4,024,000. Deutsche Bank AG acquired a new position in HNI during the 2nd quarter worth approximately $2,994,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of HNI in the 2nd quarter valued at approximately $2,574,000. Medina Value Partners LLC purchased a new stake in shares of HNI in the 2nd quarter valued at approximately $10,242,319. Finally, Jupiter Topco LLC acquired a new stake in shares of HNI in the 2nd quarter valued at $1,289,000. 75.26% of the stock is owned by institutional investors and hedge funds.

HNI Company Profile

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.