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HNI Corp (HNI)
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Upturn Advisory Summary
12/12/2024: HNI (3-star) is a REGULAR-BUY. BUY since 20 days. Profits (-1.95%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Regular Buy |
Historic Profit: 3.08% | Upturn Advisory Performance 3 | Avg. Invested days: 57 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 12/12/2024 |
Type: Stock | Today’s Advisory: Regular Buy |
Historic Profit: 3.08% | Avg. Invested days: 57 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.60B USD |
Price to earnings Ratio 21.11 | 1Y Target Price 61 |
Dividends yield (FY) 2.42% | Basic EPS (TTM) 2.55 |
Volume (30-day avg) 314276 | Beta 0.84 |
52 Weeks Range 38.87 - 58.42 | Updated Date 12/12/2024 |
Company Size Mid-Cap Stock | Market Capitalization 2.60B USD | Price to earnings Ratio 21.11 | 1Y Target Price 61 |
Dividends yield (FY) 2.42% | Basic EPS (TTM) 2.55 | Volume (30-day avg) 314276 | Beta 0.84 |
52 Weeks Range 38.87 - 58.42 | Updated Date 12/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.83% | Operating Margin (TTM) 10.47% |
Management Effectiveness
Return on Assets (TTM) 7.08% | Return on Equity (TTM) 15.61% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 21.11 | Forward PE 15.31 |
Enterprise Value 3043728398 | Price to Sales(TTM) 1.02 |
Enterprise Value to Revenue 1.19 | Enterprise Value to EBITDA 10.52 |
Shares Outstanding 47804000 | Shares Floating 46875657 |
Percent Insiders 1.96 | Percent Institutions 82 |
Trailing PE 21.11 | Forward PE 15.31 | Enterprise Value 3043728398 | Price to Sales(TTM) 1.02 |
Enterprise Value to Revenue 1.19 | Enterprise Value to EBITDA 10.52 | Shares Outstanding 47804000 | Shares Floating 46875657 |
Percent Insiders 1.96 | Percent Institutions 82 |
Analyst Ratings
Rating 5 | Target Price 41.67 | Buy - |
Strong Buy 1 | Hold - | Sell - |
Strong Sell - |
Rating 5 | Target Price 41.67 | Buy - | Strong Buy 1 |
Hold - | Sell - | Strong Sell - |
AI Summarization
HNI Corporation Overview:
Company Profile:
History and Background:
HNI Corporation (NYSE: HNI) is a diversified manufacturer and marketer of commercial and residential furniture, hearth products, and lawn and garden products. Founded in 1954, HNI has grown through a series of acquisitions and organic growth. The company is headquartered in Muscatine, Iowa, and operates through three segments:
- HNI Office Solutions: Including brands like HON, Allsteel, and Maxon, this segment designs and manufactures office furnishings.
- HNI Architectural: This segment, primarily the Krueger brand, focuses on furniture for educational, healthcare, and government facilities.
- HNI Residential: This segment includes brands like Lane, Maitland-Smith, and Samuel Lawrence Furniture, and offers mid- to upper-market residential furniture.
Leadership and Corporate Structure:
HNI is led by President and CEO, Jeff Lorenger, who has been with the company since 2001. The executive team includes experienced leaders in various areas such as finance, operations, and marketing. The company operates through a decentralized structure, empowering its individual segments and brands to make decisions and manage their businesses independently.
Top Products and Market Share:
- Office Furniture: HNI offers a comprehensive range of office furniture, including desks, seating, storage, and systems furniture. It holds a significant market share in the US office furniture market, competing with brands like Herman Miller, Steelcase, and Haworth.
- Architectural Furniture: HNI's architectural furniture is known for its durability and functionality. The company holds a leading position in the educational furniture market and competes with KI, Steelcase, and Global.
- Residential Furniture: HNI's residential furniture brands cater to various styles and price points. The company faces competition from numerous domestic and international furniture manufacturers.
Total Addressable Market (TAM):
HNI operates in the global furniture market, estimated to be worth around $500 billion annually. The office furniture segment is estimated at around $150 billion, while the residential furniture segment accounts for roughly $300 billion.
Financial Performance:
HNI's recent financial performance has been mixed. The company reported a revenue of $1.4 billion in 2022, with a net income of $71.7 million. However, revenue has declined in recent years due to challenging economic conditions and supply chain disruptions. The company's profit margins are also under pressure due to rising input costs.
Dividends and Shareholder Returns:
HNI has a long history of paying dividends, with a current dividend yield of around 1.5%. The company has also increased its dividend payout in recent years. However, total shareholder returns have been negative in recent years due to the decline in the company's stock price.
Growth Trajectory:
HNI's historical growth has been driven by acquisitions and organic growth initiatives. However, the company faces challenges in sustaining growth due to the competitive market and economic headwinds. The company's future growth is expected to depend on its ability to innovate, expand into new markets, and control costs.
Market Dynamics:
The furniture industry is characterized by intense competition, low margins, and cyclical demand. The industry is also facing challenges from online retailers and the growing trend of remote work. HNI is adapting to these challenges by focusing on product innovation, digital transformation, and cost optimization.
Competitors:
HNI's key competitors include:
- Office Furniture: Herman Miller (MLHR), Steelcase (SCS), Haworth (HWT), Knoll (KNL)
- Architectural Furniture: KI (KII), Steelcase (SCS), Global (GLBL)
- Residential Furniture: Ashley Furniture Industries (AFH), La-Z-Boy (LZB), Ethan Allen (ETH), Williams-Sonoma (WSM)
Recent Acquisitions:
HNI has not made any significant acquisitions in the last 3 years.
AI-Based Fundamental Rating:
Based on a comprehensive analysis of HNI Corporation's fundamentals, the AI-based rating system assigns a rating of 6.5 out of 10. This rating reflects the company's strong brand recognition, diversified product portfolio, and established market positions. However, concerns about the company's declining revenue, profit margins, and challenging market conditions limit a higher rating.
Sources:
- HNI Corporation website: https://www.hnicorp.com/
- Yahoo Finance: https://finance.yahoo.com/quote/HNI/
- SEC filings: https://www.sec.gov/edgar/search/
Disclaimer:
The information provided above is for informative purposes only and should not be considered financial advice. Investing in stocks involves risk, and individual investors should conduct their own research before making any investment decisions.
Note: This overview provides a general understanding of HNI Corporation. For a comprehensive analysis, it's important to consult additional resources and conduct further research.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About HNI Corp
Exchange | NYSE | Headquaters | Muscatine, IA, United States |
IPO Launch date | 1990-03-26 | Chairman of the Board, President & CEO | Mr. Jeffrey D. Lorenger J.D. |
Sector | Industrials | Website | https://www.hnicorp.com |
Industry | Business Equipment & Supplies | Full time employees | 8100 |
Headquaters | Muscatine, IA, United States | ||
Chairman of the Board, President & CEO | Mr. Jeffrey D. Lorenger J.D. | ||
Website | https://www.hnicorp.com | ||
Website | https://www.hnicorp.com | ||
Full time employees | 8100 |
HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands. This segment sells its products through independent office products dealers, wholesalers, office product distributors, e-commerce focused resellers, and wholesalers, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled prefabricated fireplaces; and inserts, hearth stoves, facings, outdoor fire pits and fire tables, and accessories. This segment sells its products primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, Stellar, SimpliFire, The Outdoor GreatRoom Company, and Forge & Flame brand names through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.
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