HNI Corporation (HNI) Stock Price & Analysis
HNI Corporation (HNI) closed at USD 48.21 on Thursday, October 22, 2026, up 6.99% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 45.06; the Oct 22, 2026 session ranged USD 44.91–48.33 on volume of 546,268 shares. Market capitalization is $3.48B, with a 52-week range of USD 28.93–52.79 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HNI.md
Key facts (HNI)
- Last four reported quarters (through Jul 4, 2026): revenue $4.39B, net income $4.3M (0.1% margin) (SEC filings).
- Valuation: P/E 809.3x (avg 33.1x at the last 3 fiscal year-ends), EV/EBITDA 16.5x, net debt $1.27B.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $4.6M; 0 not under a Rule 10b5-1 plan ($0K); 4 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 71 (range 65–78).
- Total return with dividends: 1Y +11.4% vs S&P 500 +14.9%; 5Y +42.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.4, revenue estimate $1.60B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HNI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.18B | $2.36B | $2.43B | $2.53B | $2.84B | $4.39B |
| Gross profit | $757M | $835M | $948M | $1.03B | $1.18B | — |
| Operating income | $85.4M | $155M | $90.3M | $207M | $126M | $89.1M |
| Net income | $59.8M | $124M | $49.2M | $140M | $54.2M | $4.3M |
| EPS (diluted) | $1.36 | $2.94 | $1.09 | $2.88 | $1.11 | — |
| Free cash flow | $65.1M | $12.8M | $188M | $174M | $209M | — |
| Gross margin | 34.7% | 35.4% | 39.0% | 40.9% | 41.4% | — |
| Operating margin | 3.9% | 6.6% | 3.7% | 8.2% | 4.4% | 2.0% |
| Net margin | 2.7% | 5.2% | 2.0% | 5.5% | 1.9% | 0.1% |
| Revenue growth | +11.7% | +8.1% | +3.1% | +3.8% | +12.4% | — |
| Cash + short-term investments | $53.7M | $19.4M | $34.5M | $26.6M | $216M | — |
| Total debt | $178M | $190M | $436M | $345M | $1.29B | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 4, 2026) (HNI)
P/E 809.3x · P/S 0.8x · EV/EBITDA 16.5x · EV/Sales 1.1x · P/B 1.9x · Earnings yield 0.12% · Dividend yield (paid, TTM) 2.39% · Buyback yield (TTM) 0.11% · Net debt $1.27B · EV $4.75B
P/E at fiscal year-ends: Jan 2026 43.1x, Dec 2024 17.5x, Dec 2023 38.6x.
Insider sales (SEC Form 4, open-market, last ~7 months) (HNI)
4 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-28 | Lorenger Jeffrey D | President & CEO | 1,504 | $75K | 0.3% | Yes (adopted February 27, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-26…2026-08-27 | Lorenger Jeffrey D | President & CEO | 47,084 | $2.4M | 9.1% | Yes (adopted February 27, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-24 | Lorenger Jeffrey D | President & CEO | 700 | $35K | 0.1% | Yes (adopted February 27, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-03 | Lorenger Jeffrey D | President & CEO | 45,850 | $2.2M | 8.9% | Yes (adopted February 27, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HNI)
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 71 (low 65, high 78).
Total return (dividends reinvested) (HNI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +11.4% | +42.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +11.4% | +7.4% |
| Volatility (annualized) | 36.7% | 33.2% |
| Max drawdown | -43.9% (Feb 2026→May 2026) | -45.1% (Nov 2024→May 2026) |
HNI revenue by business segment (quarter ended Jul 4, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Workplace furnishings | $1.32B | 89.9% | +156.5% |
| Residential building products | $148.7M | 10.1% | -1.6% |
| Total revenue | $1.47B | 100% | — |
HNI revenue by product line (quarter ended Jul 4, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Systems, storage, and tables | $594.9M | 40.4% | +84.8% |
| Seating | $343.7M | 23.3% | +129.6% |
| Other | $214.5M | 14.6% | +816.7% |
| Education | $170.6M | 11.6% | +720.2% |
| Total revenue | $1.47B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HNI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Microsoft (MSFT) | “The Corporation maintains marketing partnerships with a number of companies, including Arper, Audo North America, Carl Hansen & Son, Corral, EMU, Extremis, FLOS, the Frank Lloyd Wright Foundation, Grado, Kartell, Kwickscreen, Logitech, m.a.d., Mattiazzi, Microsoft, Moduform Inc, Moooi, Moooi Carpets, Normann Copenhagen, Segis, SnowSound, Spaceti, Tom Dixon, Unika Vaev, Vanerum, VergeSense, Wendelbo, West Elm, Zile…” |
Quoted from the company's 10-K filed Mar 3, 2026.
HNI company outlook (results filed Jul 30, 2026)
- “Outlook • GAAP diluted EPS for Q2 was $0.70 (-31% YoY).”
- “GAAP diluted EPS totaled $0.70 and diluted non-GAAP EPS of $1.27 was in line with internal expectations, excluding the net impact of tariffs.”
- “Workplace Furnishings segment volume growth is expected to turn positive in the third quarter, with volume growth and price recognition driving high-single digit organic growth in the second half of 2026.”
- “In Residential Building Products, implemented structural changes organizing around the consumer and growth investments are expected to drive continued market outperformance, with modest price-driven net sales growth expected in the second half of 2026. • Multiple sources of margin improvement and EPS visibility.”
Quoted word-for-word from the SEC 8-K results press release.
HNI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.40 | $1.31 | +6.2% | $1.60B | 4 |
| Next quarter (ends Dec 2026) | $1.22 | $1.36 | -9.9% | $1.56B | 4 |
| Current fiscal year (ends Dec 2026) | $4.24 | $4.04 | +4.9% | $5.98B | 4 |
| Next fiscal year (ends Dec 2027) | $4.78 | $4.83 | -1.2% | $6.20B | 4 |
HNI options: expected move
Options price a move of about ±10.4% (±$5.03) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±4.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 42.1% | ±10.4% |
| Jan 15, 2027 | 84 | 38.6% | ±15.5% |
| Apr 16, 2027 | 175 | 37.0% | ±20.7% |
30-day implied volatility 42.4% vs 30.1% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:22 UTC)
| Price | USD 48.21 |
|---|---|
| Change | ▲ 6.99% (up) |
| Previous Close | USD 45.06 |
| Open | USD 44.92 |
| Day Range | USD 44.91 – 48.33 |
| 52-Week Range | USD 28.93 – 52.79 |
| Volume | 546,268 shares |
| Market Cap | $3.48B |
| Exchange | NYQ |
Technical Analysis (HNI)
Nexqual's technical model rates HNI "NEUTRAL" based on 4 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 11:22 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 54.33 (neutral) |
| vs SMA50 | Above (USD 47.43) |
| MACD | -0.09 (negative) |
Analyst Ratings (HNI)
Wall Street analysts rate HNI "Buy" based on 2 analysts, with a mean price target of USD 71 (range USD 65–78), per Nexqual as of October 23, 2026 at 11:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 71 |
| High Target | USD 78 |
| Low Target | USD 65 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (HNI)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 1.4 |
| Revenue Estimate | $1.60B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.27 vs est 1.04 ▲ beat |
| 2026-03-31 | USD 0.34 vs est 0.29 ▲ beat |
| 2025-12-31 | USD 0.83 vs est 0.91 ▼ miss |
| 2025-09-30 | USD 1.1 vs est 1.07 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
Financials & Fundamentals (HNI)
| Total Revenue | $4.39B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +120.70% |
| Gross Margin | +41.88% |
| Operating Margin | +8.16% |
| Profit Margin | +0.10% |
| ROE | +0.33% |
| Debt / Equity | 0.91 |
| Current Ratio | 1.36 |
| Total Cash | $108.20M |
| Total Debt | $1.64B |
| Free Cash Flow (fiscal year ended Jan 2026, SEC 10-K) | $208.50M (7.3% of revenue) |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
Financial Health Score (HNI)
Nexqual rates HNI Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 11:22 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 42%, operating 8% (last 12 months) |
| Balance Sheet | Mixed — $108M cash and investments vs $1.38B debt (Jul 2026, SEC) |
| Cash Flow | Solid — FCF $209M (FY ended Jan 2026, 10-K), 7% margin |
| Efficiency | Weak — ROE 0%, ROA 5.2% |
Ownership (HNI)
| Insider Ownership | +2.10% |
|---|---|
| Institutional Ownership | +89.63% |
| Shares Outstanding | 72.18M |
| Float | 70.99M |
| Short % of Float | +5.98% |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
Leadership (HNI)
HNI Corporation is led by Jeffrey D. Lorenger, Chairman of the Board, President & CEO, per Nexqual as of October 23, 2026 at 11:22 UTC.
| Chairman of the Board, President & CEO | Jeffrey D. Lorenger |
|---|---|
| Chief Operating Officer | Brandon Bishop Bullock |
| President of Workplace Furnishings | Jason Dean Hagedorn |
| Vice President of Investor Relations & Corporate Development | Matthew S. McCall C.F.A. |
| President of Hearth & Home Technologies | Brian Smith Scott |
Major Backers & Investors (HNI)
Notable institutional backers of HNI Corporation include FMR, LLC, Fidelity, State Farm Mutual Automobile Insurance Co, according to Nexqual as of October 23, 2026 at 11:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 14.73% |
| Fidelity | 7.4% |
| State Farm Mutual Automobile Insurance Co | 4.05% |
| Fifth Third Bancorp | 2.08% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.8% |
| Vanguard Group | 11.08% |
| State Street | 3.87% |
| Dimensional Fund Advisors | 3.53% |
| Northern Trust | 3.25% |
| Geode Capital | 2.6% |
Source: Nexqual, October 23, 2026 at 11:22 UTC.
From HNI Corporation's Latest SEC 10-K Filing (filed 2026-03-03)
Key Strengths & Strategy (as disclosed to the SEC)
- The Corporation maintains marketing partnerships with a number of companies, including Arper, Audo North America, Carl Hansen & Son, Corral, EMU, Extremis, FLOS, the Frank Lloyd Wright Foundation, Grado, Kartell, Kwickscreen, Logitech, m.a.d., Mattiazzi, Microsoft, Moduform Inc, Moooi, Moooi Carpets, Normann Copenhagen, Segis, SnowSound, Spaceti, Tom Dixon, Unika Vaev, Vanerum, VergeSense, Wendelbo, West Elm, Zilenzio, and Zoom.
Legal & Regulatory Risks (Item 1A, quoted)
- The Corporation's sales to the United States federal, state, and local governments are subject to uncertain future funding levels and federal, state, and local procurement laws and are governed by restrictive contract terms, any of which factors could limit current or future business.
- The Corporation's information technology systems, processes, and sites may suffer interruptions, security incidents, or failures that may affect its ability to conduct its business, cause significant damage to its reputation, and expose it to substantial legal liability.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ALH | Alliance Laundry Holdings Inc. | USD 21.44 | ▲ 0.52% |
| TILE | Interface, Inc. | USD 36.51 | ▲ 4.11% |
| WHR | Whirlpool Corporation | USD 28.8 | ▲ 8.56% |
| MBC | MasterBrand, Inc. | USD 7.35 | ▲ 8.73% |
| MLKN | MillerKnoll, Inc. | USD 21.68 | ▲ 7.22% |
| MHK | Mohawk Industries, Inc. | USD 128.7 | ▲ 9.03% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt