HNI (NYSE:HNI) Stock

HNI Corp is a provider of commercial furnishings and hearth products. Its two reportable segments are workplace furnishings and residential building products. The workplace furnishings segment includes furniture systems, seating, storage, tables, architectural products, ancillary products, and hospitality products. The residential building products segment includes various gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, outdoor fire pits and fire tables, and accessories. The company's products are sold through independent dealers, distributors, eCommerce retailers, wholesalers, and retail outlets. A majority of the firm's revenue is generated from the Workplace furnishings segment. Geographically, it operates in the United States.

HNI Corp

HELENS INTL HLDG U/ADR by Helens International Holdings Company Limited

HUINENG TECHNOLOGY CORP by Huineng Technology Corporation

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Longbow Research analyst David Macgregor initiated coverage on HNI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy rating and announced a price target of $70. HNI shares closed at $47.75 on Thursday. <a href="https://www.benzinga.com/quote/HNI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna analyst Mehdi Hosseini initiated coverage on Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) with a Neutral rating and announced a price target of $80. Astera Labs shares closed at $92.19 on Thursday. <a href="https://www.benzinga.com/quote/ALAB/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying HNI stock? Here&#8217;s what analysts think: 
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News

Initiation

Markets

Analyst Ratings

Trading Ideas

ALAB

This HNI Analyst Begins Coverage On A Bullish Note; Here Are Top 2 Initiations For Friday

Longbow Research analyst David Macgregor initiates coverage on HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy rating and announces Price Target of $70.

Price Target

Longbow Research Initiates Coverage On HNI with Buy Rating, Announces Price Target of $70

HNI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) announced today its Board of Directors declared a quarterly dividend of 34 cents per share on its common stock.
The dividend will be payable on June 11, 2025, to shareholders of record at the close of business on May 23, 2025.

Dividends

HNI Corporation Increases Quarterly Dividend From $0.33 To $0.34 Per Share

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.34 by 29.41 percent. This is a 18.92 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $599.80 million which beat the analyst consensus estimate of $580.47 million by 3.33 percent. This is a 2.01 percent increase over sales of $588.00 million the same period last year.

Earnings

Earnings Beats

HNI Q1 Adj. EPS $0.44 Beats $0.34 Estimate, Sales $599.80M Beat $580.47M Estimate

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Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

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Earnings Scheduled For May 7, 2025

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Shares of companies in the broader industrial sector are trading lower amid overall market weakness on US consumer and economic concerns.

HNI Corporation Sees Another Year Of Double-digit EPS Growth In 2025, Driven By KII Synergies, Ramp-up Of The Mexico Facility, And Increased Profits From Net Sales Growth

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.74 by 17.57 percent. This is a 11.22 percent decrease over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $642.500 million which missed the analyst consensus estimate of $657.029 million by 2.21 percent. This is a 5.49 percent decrease over sales of $679.800 million the same period last year.

Earnings Misses

HNI Q4 2024 Adj. EPS $0.87 Beats $0.74 Estimate, Sales $642.500M Miss $657.029M Estimate

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Earnings Scheduled For February 20, 2025

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Shares of commercial services and supplies companies are trading higher after Donald Trump won the 2024 presidential election.

HNI shares are trading lower after the company reported worse-than-expected Q3 revenue results.

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $0.98 by 5.1 percent. The company reported quarterly sales of $672.200 million which missed the analyst consensus estimate of $712.629 million by 5.67 percent. This is a 5.54 percent decrease over sales of $711.600 million the same period last year.

HNI Q3 2024 Adj. EPS $1.03 Beats $0.98 Estimate, Sales $672.200M Miss $712.629M Estimate

HNI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) announced today Marshall H. Bridges notified the Corporation on September 27, 2024, of his decision to retire as Senior Vice President and Chief Financial Officer (CFO), effective December 28, 2024.
On October 1, 2024, the Board of Directors appointed Vincent Paul (VP) Berger II as Executive Vice President (EVP) and CFO, effective December 29, 2024. Mr. Berger, age 52, is a 27-year HNI member, serving as EVP and President of Hearth and Home Technologies since 2016. Mr. Berger is a certified public accountant and an experienced business executive with more than 30 years of experience in various finance, operational, and leadership roles.
Following his retirement from full-time employment, Mr. Bridges will continue in a part-time role assisting the Corporation with strategic projects focused in the area of artificial intelligence.

Management

HNI Corporation Appoints Vincent Paul Berger II As Executive Vice President And CFO, Effective December 29, 2024; Marshall H. Bridges Notified The Corporation Of His Decision To Retire As Senior Vice President And CFO, Effective December 28, 2024

Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) has seen its stock rise 22% in the past three months, outperforming the industry&#39;s 14.9% growth and the 2.4% uptick in the S&amp;P 500 composite index.
We have a Zacks Rank #2 (Buy) on ACN shares, given the company&#39;s technological prowess, strong cash position, contribution from acquisitions and consistent dividend payouts.
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<h2>Accenture PLC Price</h2>
<img alt="Accenture PLC Price" src="https://staticx-tuner.zacks.com/images/charts/4f/1726492889.png" style="height:310px; width:600px" title="" />
Accenture PLC price | Accenture PLC Quote
Let&#39;s look at the factors in detail that make the stock an attractive pick.
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<h2>Technology-Based Growth Strategy</h2>
Accenture&#39;s broader growth strategy focuses on delivering comprehensive value to its stakeholders through technology. By focusing on building a digital core with cloud, data, and AI technologies and investing in talent, Accenture is well-positioned for long-term success. We believe this strategy positions Accenture as a trusted partner for its clients and keeps the stock attractive.
<h2>Strong Cash Position</h2>
Accenture had a cash and cash equivalents balance of $5.5 billion at the end of third-quarter fiscal 2024 against a total long-term debt of just $69 million. Cash provided by operating activities was $1 billion and free cash flow came in at $1 million. Accenture generates&nbsp;significant cash from operations&nbsp;and also holds a huge cash balance, management has the flexibility to pursue growth in any areas that exhibit true potential.
This flexibility and technological prowess allowed it to pursue acquisition opportunities in different markets. The company spent $2.5 billion across 25 acquisitions in fiscal 2023.&nbsp;A disciplined acquisition strategy&nbsp;helps ACN channel its business in high-growth areas, adding skills and capabilities, and deepening industry and functional expertise.
<h2>Dividend Spinner</h2>
Commitment to shareholder returns makes ACN a reliable way for investors to compound wealth over the long term. The company paid $2.8 billion, $2.5 billion and $2.2 billion in dividends in 2023, 2022, and 2021, respectively. We are expecting steady income growth, which will translate to steady cash flow, enabling it to pay out stable dividends.
<h2>Other Stocks to Consider</h2>
Investors can look at&nbsp;some other top-ranked stocks like AppLovin&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>), Climb Global Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clmb#NASDAQ">CLMB</a>), and HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>).
APP currently sports a Zacks Rank of 1 (Strong Buy). The company has a long-term earnings growth expectation of 20%. APP delivered a trailing four-quarter earnings surprise of 21.1%, on average.
Climb Global Solutions flaunts a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 11%. CLMB delivered a trailing four-quarter earnings surprise of 25.2%, on average.
HNI sports a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 12%. HNI delivered a trailing four-quarter earnings surprise of 51.3%, on average.
<a href="https://www.zacks.com/stock/news/2336610/here-s-why-you-should-add-accenture-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336610">To read this article on Zacks.com click here.</a>

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Here's Why You Should Add Accenture Stock to Your Portfolio

Benchmark analyst Reuben Garner maintains HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy and raises the price target from $57 to $63.

Benchmark Maintains Buy on HNI, Raises Price Target to $63

HNI shares are trading higher after the company reported better-than-expected Q2 earnings.

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.61 by 29.51 percent. This is a 43.64 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $623.70 million which missed the analyst consensus estimate of $637.82 million by 2.21 percent. This is a 10.68 percent increase over sales of $563.50 million the same period last year.

HNI Q2 Adj $0.79 Beats $0.61 Estimate, Sales $623.70M Miss $637.82M Estimate

When it comes to short-term investing or trading, they say &quot;the trend is your friend.&quot; And there&#39;s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and HNI (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. HNI is quite a good fit in this regard, gaining 13.8% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 9.3% over the past four weeks ensures that the trend is still in place for the stock of this maker of office furniture and fireplaces.
Moreover, HNI is currently trading at 92.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in HNI may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2305858/here-s-why-momentum-in-hni-hni-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2305858">To read this article on Zacks.com click here.</a>

Here's Why Momentum in HNI Should Keep Going

Benchmark analyst Reuben Garner maintains HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy and raises the price target from $54 to $57.

Benchmark Maintains Buy on HNI, Raises Price Target to $57

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