HNI Corp
About: 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.
Employees: 8,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
731% more call options, than puts
Call options by funds: $823K | Put options by funds: $99K
11% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 74
0% less capital invested
Capital invested by funds: $1.68B [Q1] → $1.67B (-$6.89M) [Q2]
0.7% less ownership
Funds ownership: 79.29% [Q1] → 78.59% (-0.7%) [Q2]
3% less funds holding
Funds holding: 225 [Q1] → 219 (-6) [Q2]
20% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 30
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Benchmark Reuben Garner 78% 1-year accuracy 14 / 18 met price target | 20%upside $63 | Buy Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 4 articles about HNI published over the past 30 days
