HNI (NYSE:HNI) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

HNI Corporation (NYSE:HNI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.29 and traded as high as $46.60. HNI shares last traded at $46.20, with a volume of 563,118 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HNI. Weiss Ratings raised shares of HNI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Benchmark restated a “buy” rating on shares of HNI in a research report on Wednesday, July 15th. Wall Street Zen raised HNI from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, Wells Fargo & Company set a $65.00 target price on HNI in a 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

HNI Trading Down 1.3%

The business’s 50 day simple moving average is $46.65 and its 200 day simple moving average is $39.32. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 524.24, a PEG ratio of 0.54 and a beta of 0.92. 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 released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $1.11 EPS. 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, research analysts expect that HNI Corporation will post 4.24 EPS for the current fiscal year.

HNI Dividend Announcement

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

Insider Buying and Selling at HNI

In other news, CEO Jeffrey Lorenger sold 45,850 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $47.55, for a total transaction of $2,180,167.50. Following the completion of the sale, the chief executive officer owned 148,490 shares in the company, valued at approximately $7,060,699.50. This trade represents a 23.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 95,138 shares of company stock worth $4,648,587. 2.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HNI

A number of hedge funds and other institutional investors have recently modified their holdings of HNI. BlackRock Inc. acquired a new position in shares of HNI in the second quarter valued at about $431,744,000. Bank of New York Mellon Corp bought a new stake in HNI in the 2nd quarter valued at about $37,988,000. Cooke & Bieler LP grew its position in shares of HNI by 23.0% during the 4th quarter. Cooke & Bieler LP now owns 754,493 shares of the business services provider’s stock worth $31,719,000 after purchasing an additional 140,971 shares in the last quarter. Front Street Capital Management Inc. bought a new position in shares of HNI during the second quarter worth approximately $23,462,000. Finally, Pillsbury Lake Capital LLC acquired a new stake in shares of HNI in the second quarter valued at approximately $16,681,571. Institutional investors and hedge funds own 75.26% of the company’s stock.

About HNI

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.