HNI (NYSE:HNI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of HNI Corporation (NYSE:HNI) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $39.64 and traded as high as $48.33. HNI shares last traded at $46.9460, with a volume of 516,889 shares traded.

HNI News Roundup

Here are the key news stories impacting HNI this week:

• Positive Sentiment: Sidoti initiated a $5.60 EPS forecast for FY2028, well above its $4.24 consensus estimate for the current year and its $4.74 FY2027 forecast. This points to expectations for continued earnings growth over the longer term. MarketBeat HNI analyst estimates
• Neutral Sentiment: A Zacks article is evaluating whether HNI qualifies as a high-growth dividend stock. The focus on dividend income and potential earnings growth may support investor interest, but the article does not announce a dividend increase or a change in company fundamentals. Are You Looking for a High-Growth Dividend Stock?
• Negative Sentiment: Sidoti lowered several earnings forecasts: Q4 2026 EPS to $1.17 from $1.22, Q1 2027 EPS to $0.61 from $0.66, Q3 2027 EPS to $1.56 from $1.59, and FY2027 EPS to $4.74 from $4.87. Q4 2027 EPS was also reduced slightly to $1.44 from $1.45. These cuts could weigh on sentiment because HNI trades at a high earnings multiple and investors may be less tolerant of weaker near-term expectations. Sidoti HNI earnings estimates

Wall Street Analysts Forecast Growth

Several research firms have commented on HNI. Benchmark reaffirmed a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Wells Fargo & Company set a $65.00 target price on shares of HNI in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of HNI from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings upgraded shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

HNI Price Performance

The company has a market cap of $3.39 billion, a PE ratio of 521.68, a price-to-earnings-growth ratio of 0.55 and a beta of 0.93. The stock has a fifty day simple moving average of $47.52 and a two-hundred day simple moving average of $39.64. 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 announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.23. HNI had a return on equity of 13.66% and a net margin of 0.10%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. HNI’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. On average, equities analysts predict that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Announces Dividend

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

Insider Transactions at HNI

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

Hedge Funds Weigh In On HNI

Several institutional investors have recently added to or reduced their stakes in HNI. Sequoia Financial Advisors LLC acquired a new position in shares of HNI in the 2nd quarter valued at $253,000. Baird Financial Group Inc. acquired a new position in shares of HNI in the 2nd quarter valued at about $245,000. Nykredit A S purchased a new stake in shares of HNI during the 2nd quarter worth about $36,000. Amundi grew its holdings in shares of HNI by 9.3% during the 2nd quarter. Amundi now owns 13,552 shares of the business services provider’s stock worth $548,000 after purchasing an additional 1,152 shares during the period. Finally, denkapparat Operations GmbH acquired a new stake in HNI during the 2nd quarter worth approximately $227,000. 75.26% of the stock is currently owned by institutional investors and hedge funds.

HNI Company Profile

HNI Corporation (NYSE:HNI) is a workplace and residential building products company headquartered in Muscatine, Iowa. Its workplace furnishings business designs and manufactures office furniture and related products, including desks, seating, tables, storage, architectural products and workplace accessories. The company serves businesses, government organizations, education institutions and other commercial customers through brands such as HON, Allsteel, Gunlocke, HBF and OFM.

HNI also operates Hearth & Home Technologies, a manufacturer of hearth products for residential and commercial applications.