HNI (NYSE:HNI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

HNI Corporation (NYSE:HNI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.51 and traded as high as $49.44. HNI shares last traded at $48.8540, with a volume of 233,319 shares.

Analysts Set New Price Targets

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

HNI Trading Down 1.0%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.36 and a quick ratio of 0.88. The stock has a market cap of $3.53 billion, a P/E ratio of 542.88, a PEG ratio of 0.58 and a beta of 0.91. The firm’s fifty day moving average price is $40.69 and its two-hundred day moving average price is $39.51.

HNI (NYSE:HNI) last posted its quarterly earnings data 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $1.11 earnings per share. 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. As a group, equities research analysts forecast that HNI Corporation will post 4.24 EPS for the current year.

HNI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were given a dividend of $0.35 per share. This is a boost from HNI’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, May 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. HNI’s dividend payout ratio is 1,555.56%.

Insider Activity

In other news, CEO Jeffrey D. Lorenger sold 45,850 shares of the business’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 completion of the transaction, the chief executive officer owned 148,490 shares of the company’s stock, valued at approximately $7,060,699.50. The trade was a 23.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.15% of the company’s stock.

Institutional Investors Weigh In On HNI

A number of institutional investors and hedge funds have recently bought and sold shares of HNI. Triumph Capital Management purchased a new position in HNI in the 3rd quarter worth approximately $28,000. Allworth Financial LP purchased a new stake in shares of HNI during the 2nd quarter valued at $50,000. Royal Bank of Canada raised its position in shares of HNI by 20.5% during the 1st quarter. Royal Bank of Canada now owns 8,642 shares of the business services provider’s stock valued at $383,000 after buying an additional 1,472 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of HNI during the 2nd quarter worth $369,000. Finally, AQR Capital Management LLC lifted its holdings in shares of HNI by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,527 shares of the business services provider’s stock worth $600,000 after acquiring an additional 802 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

About HNI

HNI Corporation, founded in 1944 as the Heating & Novelty Company and headquartered in Muscatine, Iowa, is a leading manufacturer of office furniture and hearth products. Over its history, the company has evolved from producing gas heaters into two primary business segments: Office Furniture and Hearth & Home. HNI’s Office Furniture division operates under well-known brands such as The HON Company, Allsteel, Gunlocke and Kimball, offering a comprehensive portfolio of workstations, seating, tables, storage solutions and acoustic products tailored for corporate, education, healthcare and government markets.

In its Hearth & Home segment, HNI designs, manufactures and distributes fireplaces, stoves, fireplace inserts, logs and related accessories.