HNI Stock Summary and Trading Ideas (Hni | NYSE:HNI)

HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its workplace furnishing, which consists of panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. These products are sold through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. Residential building products include a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, Mainland China, Hong Kong, India, Mexico, and Taiwan.

Hni trades on the NYSE stock market under the symbol HNI.

As of May 3, 2024, HNI stock price climbed to $44.19 with 202,868 million shares trading.

HNI has a beta of 1.02, meaning it tends to be more sensitive to market movements. HNI has a correlation of 0.18 to the broad based SPY ETF.

HNI has a market cap of $2.09 billion. This is considered a Mid Cap stock.

Last quarter Hni reported $588 million in Revenue and $.37 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.19.

In the last 3 years, HNI stock traded as high as $46.93 and as low as $24.61.

The top ETF exchange traded funds that HNI belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

HNI has outperformed the market in the last year with a price return of +77.8% while the SPY ETF gained +27.0%. HNI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.6% and +4.9%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

HNI support price is $42.58 and resistance is $44.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HNI stock will trade within this expected range on the day.