HNI Stock Sees FY2026 Earnings Forecast Lowered at Sidoti

HNI Corporation (NYSE:HNI) – Research analysts at Sidoti dropped their FY2026 earnings estimates for shares of HNI in a research report issued on Friday, October 2nd. Sidoti analyst G. Burns now anticipates that the business services provider will post earnings of $4.19 per share for the year, down from their previous estimate of $4.24. The consensus estimate for HNI’s current full-year earnings is $4.19 per share. Sidoti also issued estimates for HNI’s Q2 2027 earnings at $1.12 EPS.

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

HNI Stock Down 0.9%

Shares of HNI stock opened at $46.66 on Tuesday. The business has a 50-day moving average price of $47.66 and a 200 day moving average price of $39.79. HNI has a fifty-two week low of $28.93 and a fifty-two week high of $52.79. The firm has a market cap of $3.37 billion, a P/E ratio of 518.48, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.76.

HNI (NYSE:HNI) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.04 by $0.23. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.48 billion. HNI had a net margin of 0.10% and a return on equity of 13.66%. The company’s quarterly revenue was up 120.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. HNI has set its FY 2026 guidance at 4.150-4.330 EPS and its Q3 2026 guidance at 1.160-1.190 EPS.

Institutional Trading of HNI

Several hedge funds have recently made changes to their positions in HNI. Burnham & Co LLC bought a new stake in HNI in the second quarter valued at $4,024,000. Jupiter Topco LLC bought a new position in shares of HNI during the second quarter worth about $1,289,000. Medina Value Partners LLC bought a new position in shares of HNI during the second quarter worth about $10,242,319. Deutsche Bank AG acquired a new stake in shares of HNI in the 2nd quarter worth about $2,994,000. Finally, Bank of America Corp DE acquired a new stake in shares of HNI in the 2nd quarter worth about $15,724,000. Institutional investors own 75.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Lorenger sold 45,850 shares of the company’s stock in a transaction that occurred on 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 directly owned 148,490 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 95,138 shares of company stock valued at $4,648,587 in the last three months. Insiders own 2.15% of the company’s stock.

HNI Dividend Announcement

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

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.