2026-10-25
HNI clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
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latest tape · as of 14:02 UTC
The Screen · Consumer Cyclical · Furnishings, Fixtures & Appliances
HNI Corporation
HNI · the NYSE · USD · Market cap $3.3B · 18,500 employees
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.
Not yet scored47.57 USD
Price as of 23 Oct 2026Daily close, not a live quoteLast reviewed 6 days ago
Screened 2026-10-23 · the tape above runs as of 14:02 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
- Price47.57 USD at the 23 Oct 2026 close
- Ethical screenNot yet scored
- OptionsOpen interest leans heavily to calls (put/call 0.00)
- Last reviewed23 Oct 2026 (6 days ago)
A summary of the dated readings below, not a live quote and not advice.
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 47.57 against the desk's fair-value range, base estimate 78.00, over the last year.
- Trend Markup
- Insiders no filings inside 60 days, left as found
- Positioning no disclosures inside 60 days, left as found
- Options put/call open interest 0.00, read 2026-10-28
- Ethical screen not yet scored
Price47.57 USD
Fair value78.00
Ethical score70.0/100
Our investment reviews on this name
2026-10-25Read Markup45.06+5.6% to today ✓Accumulation gives way to Markup first Markup read since September
2026-10-11Read Accumulation46.82+1.6% to today ✓Markdown gives way to Accumulation while volume is distributing
2026-10-02Read Markdown46.21+2.9% to today Markup gives way to Markdown after an 11% rise in 9 weeks
2026-08-01Read Markup41.73+14.0% to today ✓Distribution gives way to Markup after a 26% rise in 4 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
The full research record, in depth, below
This name holds its markup label.
HNI Corporation holds its Markup at $47.57. Consolidating, no directional conviction, held for 1 days.
| Phase | Markup |
| Quantitative state | Consolidating, no directional conviction, held for 1 days |
| Price at the screen | $47.57 |
| Valuation | N/A trailing · 9.43 forward price to earnings |
| Values screen | Not scored · score 70.0 |
| Beta | 0.92 |
Five Screens, Shown in Full
This security has not been fully scored against the values screen yet.
| Test | Figure | Limit | What it means | Status |
|---|---|---|---|---|
| Business activity | Permissible | Core business clean | Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. | Pass |
| Debt load | 32.62% | Below 33% | Interest-bearing debt is just 32.6% of its assets, well under the one-third ceiling: it does not run on borrowed money. | Pass |
| Interest-bearing cash | 0.13% | Below 33% | Cash held in interest-bearing accounts and securities is 0.1% of assets, under the one-third limit. | Pass |
| Receivables | 15.95% | Below 49% | Money owed to the company is 16.0% of assets, under the 49% limit. | Pass |
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical ReadThe Read, in Plain English
HNI clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.
2026-09-24
Clears
HNI clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 33%, inside the ~33% line, and almost none of its income is interest, so it passes.
Earlier reads, kept as written. The ethical profile is tracked over time, not overwritten.
What the Numbers Say It Is WorthThe Fair Value Range
Fair value range in USD, drawn from the 2026-10-23 screen. The gold marker is the market price at the same screen. A 64.0% margin of safety to the base estimate.
Third-party analyst targets: 4 covering, consensus Strong Buy. The average target sits +48% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & ProjectionsWhere it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain WordsOffice Desks and Cabinets Mask a Cyclical Trap
When companies refit workplaces or builders fit new homes, HNI supplies the desks and cabinets that fill those spaces. Revenue has surged 125 percent, yet profit margins sit at zero and return on equity is flat, leaving a forward multiple of 8.6 times that looks cheap only because earnings have vanished. The market labels it a strong buy, but zero profitability in a cyclical sector is a warning, not a bargain.
The gap to any higher fair value estimate therefore rests on hopes of a swift rebound that may never arrive. Ethical screens clear the name, yet that alone does not change the fact that peak-cycle multiples in furnishings have repeatedly lured investors into the next downturn.
Even a clean bill on governance cannot offset the absence of current earnings or the sector's exposure to interest rates and office spending. Analysis, not advice.
| Forward P/E | 9.4xcheap for a company growing this fast |
| EPS, trailing | -0.03 |
| EPS, forward | 4.78 |
| Revenue growth | +120.7%growing very fast |
| Profit margin | 0.1%barely profitable |
| Return on equity | 0.3%a modest return on shareholder capital |
| FCF yield | 3.20% |
| Dividend yield | 423.00% |
| Debt to equity | 0.91moderate, manageable leverage |
| Current ratio | 1.36adequate liquidity, worth monitoring |
| Beta | 0.92steadier than the market |
| Short interest, float | 0.06% |
| 52-week range | 28.93 - 52.79 |
| Market cap | $3.3B |
| Employees | 18,500 |
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to TradeHNI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
Every Entry, As Written
2026-10-29
Markup $47.57
+5.6% Entry 12
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 5.6% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-28
Markup $45.06
+0.0% Entry 11
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-27
Markup $45.06
+0.0% Entry 10
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25
Markup · changed $45.06
-4.2% Entry 9
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 4.2% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 13% above its long-term trend line with momentum reading neutral. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
2026-10-18
Accumulation $47.05
+0.5% Entry 8
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 0.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
2026-10-11
Accumulation · changed $46.82
+1.3% Entry 7
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 1.3% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
2026-10-02
Markdown · changed $46.21
-7.4% Entry 6
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
2026-09-01
Markup $49.92
+19.6% Entry 5
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 19.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
2026-08-01
Markup · changed $41.73
+26.1% Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 26.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
2026-07-18
Distribution $33.10
+0.0% Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 31%. Our forward projection puts the odds of a 10% gain over the next month near 14%. The street (4 analysts) rates it none, with a mean price target of $69.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
- HNI Corporation Third Quarter Fiscal Year 2026 Results Conference Call Yahoo Finance · 14d ago
- Are You Looking for a High-Growth Dividend Stock? Yahoo Finance · 27d ago
- HNI (HNI) Stock May Still Be A Bargain On Sales Yahoo Finance · 27 Sep 2026
- How Surging 40.2% Sales Guidance At HNI (HNI) Has Changed Its Investment Story Yahoo Finance · 27 Sep 2026
- HNI (HNI) Has Investors Looking Closer, So What Is Behind The Attention? Yahoo Finance · 27 Sep 2026
Headlines from third-party outlets, linked for reference: not our reporting, not advice.
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| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $32.08 | +0.1% | $0.35 | $1,012 | +1.2% |
| 2 months | $34.54 | -7.0% | $0.35 | $940 | -6.0% |
| 3 months | $40.01 | -19.8% | $0.35 | $811 | -18.9% |
| 6 months | $41.44 | -22.5% | $0.69 | $792 | -20.8% |
| 1 year | $46.71 | -31.3% | $1.37 | $717 | -28.3% |
| 2 years | $41.72 | -23.0% | $2.70 | $834 | -16.6% |
| 3 years | $24.27 | +32.3% | $3.99 | $1,487 | +48.7% |
| 5 years | $38.62 | -16.9% | $6.52 | $1,000 | +0.0% |
Historical returns from market close data. Past performance does not guarantee future results.
This entry now belongs to the ledger. Whatever HNI does next, these words stay.
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