HNI (HNI)
Market Price (2/24/2026): $49.05 | Market Cap: $2.2 BilSector: Industrials | Industry: Office Services & Supplies
HNI (HNI)
Market Price (2/24/2026): $49.05Market Cap: $2.2 BilSector: IndustrialsIndustry: Office Services & Supplies
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 8.4% | Weak multi-year price returns2Y Excs Rtn is -17% | Key risksHNI key risks include [1] a notable pause in demand from its small and medium-sized business operations and delays in contract furniture projects, Show more. |
| Low stock price volatilityVol 12M is 30% | ||
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Future of Work & Office Transformation. Themes include Green Building Materials, and Flexible Workspace Solutions. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 8.4% |
| Low stock price volatilityVol 12M is 30% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Future of Work & Office Transformation. Themes include Green Building Materials, and Flexible Workspace Solutions. |
| Weak multi-year price returns2Y Excs Rtn is -17% |
| Key risksHNI key risks include [1] a notable pause in demand from its small and medium-sized business operations and delays in contract furniture projects, Show more. |
Qualitative Assessment
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HNI (HNI) stock has gained about 20% since 10/31/2025 because of the following key factors:
1. Successful Completion of Steelcase Acquisition.HNI Corporation completed its acquisition of Steelcase Inc. on December 10, 2025, following shareholder approval from both companies on December 5, 2025. This strategic acquisition is anticipated to drive growth, market share, and potential synergies, positively impacting investor sentiment.
2. Announcement of Significant Cost Savings from Plant Consolidation.On January 8, 2026, HNI Corporation announced plans to consolidate its Wayland, New York, manufacturing facility into other North American facilities by 2027, projecting annual savings of $7.5 million to $8.0 million once fully mature. This move demonstrates a commitment to operational efficiency and improved profitability, which was well-received by the market.
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1. Successful Completion of Steelcase Acquisition.HNI Corporation completed its acquisition of Steelcase Inc. on December 10, 2025, following shareholder approval from both companies on December 5, 2025. This strategic acquisition is anticipated to drive growth, market share, and potential synergies, positively impacting investor sentiment.
2. Announcement of Significant Cost Savings from Plant Consolidation.On January 8, 2026, HNI Corporation announced plans to consolidate its Wayland, New York, manufacturing facility into other North American facilities by 2027, projecting annual savings of $7.5 million to $8.0 million once fully mature. This move demonstrates a commitment to operational efficiency and improved profitability, which was well-received by the market.
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Stock Movement Drivers
Fundamental Drivers
The 20.9% change in HNI stock from 10/31/2025 to 2/23/2026 was primarily driven by a 25.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.57 | 49.04 | 20.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,582 | 2,593 | 0.4% |
| Net Income Margin (%) | 5.7% | 5.5% | -4.7% |
| P/E Multiple | 12.7 | 15.9 | 25.2% |
| Shares Outstanding (Mil) | 46 | 46 | 0.9% |
| Cumulative Contribution | 20.9% |
Market Drivers
10/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| HNI | 20.9% | |
| Market (SPY) | 0.0% | 31.5% |
| Sector (XLI) | 12.7% | 46.0% |
Fundamental Drivers
The -3.1% change in HNI stock from 7/31/2025 to 2/23/2026 was primarily driven by a -4.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.59 | 49.04 | -3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,582 | 2,593 | 0.4% |
| Net Income Margin (%) | 5.7% | 5.5% | -4.7% |
| P/E Multiple | 15.8 | 15.9 | 0.4% |
| Shares Outstanding (Mil) | 46 | 46 | 0.9% |
| Cumulative Contribution | -3.1% |
Market Drivers
7/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| HNI | -3.1% | |
| Market (SPY) | 8.3% | 22.7% |
| Sector (XLI) | 15.5% | 39.3% |
Fundamental Drivers
The 1.5% change in HNI stock from 1/31/2025 to 2/23/2026 was primarily driven by a 13.0% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.33 | 49.04 | 1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,564 | 2,593 | 1.2% |
| Net Income Margin (%) | 4.8% | 5.5% | 13.0% |
| P/E Multiple | 18.6 | 15.9 | -14.7% |
| Shares Outstanding (Mil) | 48 | 46 | 4.1% |
| Cumulative Contribution | 1.5% |
Market Drivers
1/31/2025 to 2/23/2026| Return | Correlation | |
|---|---|---|
| HNI | 1.5% | |
| Market (SPY) | 14.4% | 49.8% |
| Sector (XLI) | 27.7% | 56.7% |
Fundamental Drivers
The 70.3% change in HNI stock from 1/31/2023 to 2/23/2026 was primarily driven by a 54.5% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2232026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.79 | 49.04 | 70.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,396 | 2,593 | 8.2% |
| Net Income Margin (%) | 4.8% | 5.5% | 13.0% |
| P/E Multiple | 10.3 | 15.9 | 54.5% |
| Shares Outstanding (Mil) | 41 | 46 | -9.8% |
| Cumulative Contribution | 70.3% |
Market Drivers
1/31/2023 to 2/23/2026| Return | Correlation | |
|---|---|---|
| HNI | 70.3% | |
| Market (SPY) | 74.1% | 42.7% |
| Sector (XLI) | 79.1% | 52.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HNI Return | 26% | -30% | 53% | 24% | -14% | 19% | 71% |
| Peers Return | 4% | -19% | 30% | 36% | -8% | 10% | 51% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| HNI Win Rate | 67% | 33% | 67% | 42% | 50% | 100% | |
| Peers Win Rate | 50% | 38% | 57% | 52% | 45% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HNI Max Drawdown | -6% | -35% | -12% | -4% | -22% | 0% | |
| Peers Max Drawdown | -15% | -37% | -12% | -14% | -26% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MLKN, LZB, ETD, BSET, FLXS. See HNI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/23/2026 (YTD)
How Low Can It Go
| Event | HNI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -46.6% | -25.4% |
| % Gain to Breakeven | 87.3% | 34.1% |
| Time to Breakeven | 376 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -55.5% | -33.9% |
| % Gain to Breakeven | 124.5% | 51.3% |
| Time to Breakeven | 355 days | 148 days |
| 2018 Correction | ||
| % Loss | -46.2% | -19.8% |
| % Gain to Breakeven | 86.0% | 24.7% |
| Time to Breakeven | 1,903 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -84.9% | -56.8% |
| % Gain to Breakeven | 561.7% | 131.3% |
| Time to Breakeven | 2,125 days | 1,480 days |
Compare to MLKN, LZB, ETD, BSET, FLXS
In The Past
HNI's stock fell -46.6% during the 2022 Inflation Shock from a high on 6/1/2021. A -46.6% loss requires a 87.3% gain to breakeven.
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About HNI (HNI)
HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. 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, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands. This segment sells its products through independent dealers, wholesalers, office product distributors, e-commerce retailers, and wholesalers, as well as directly to end-user customers; and federal, state, and local governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, SimpliFire, The Outdoor GreatRoom Company, and Stellar brand names. This segment markets its products 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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1. "Steelcase for office furniture."
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- Office Furniture: HNI manufactures a comprehensive range of office furniture products, including seating, desks, tables, storage, and modular systems.
- Hearth Products: HNI produces various hearth products such as fireplaces, stoves, and inserts for residential and commercial heating and ambiance.
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HNI Corporation (symbol: HNI) primarily sells its products to other companies (B2B) rather than directly to individual consumers. Its major customers are:
- Independent Office Furniture Dealers: These are typically privately-held businesses that resell HNI's office furniture brands (such as HON, Allsteel, HBF, and OFM) to a wide range of end-users including other businesses, government agencies, educational institutions, and healthcare facilities.
- Wholesalers and Distributors: For its hearth products segment (brands like Heatilator, Harman, and Quadra-Fire), HNI sells to wholesalers and distributors who then supply builders, contractors, and retailers.
- National Accounts and Large Corporate Clients: HNI also serves large organizations and government entities directly or through preferred dealer networks for their office furniture needs.
Due to HNI's diversified distribution strategy across thousands of independent dealers, distributors, and direct national accounts, no single customer typically accounts for 10% or more of its consolidated net sales. Therefore, there are no specific, publicly traded major customer companies that can be individually identified with a symbol.
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Jeffrey D. Lorenger, Chairman, President, and Chief Executive Officer
Jeffrey D. Lorenger has served as HNI Corporation's President and Chief Executive Officer since June 2018 and became Chairman of the Board in February 2020. He has been with HNI Corporation for over 20 years, holding various executive-level positions including President of Office Furniture (2017-2018), President of Contract Furniture (2014-2017), and President of Allsteel (2008-2014). Prior to joining HNI in 1998, Mr. Lorenger practiced law, focusing on general corporate transactions, with the firm Gray Plant Mooty in Minneapolis, Minnesota.
Vincent P. Berger II, Executive Vice President and Chief Financial Officer (effective December 29, 2024)
Vincent P. Berger II is set to become Executive Vice President and Chief Financial Officer of HNI Corporation on December 29, 2024. He has been a member of HNI for 27 years and has served as Executive Vice President and President of Hearth and Home Technologies since 2016. Mr. Berger is a Certified Public Accountant with over 30 years of experience in various finance, operational, and leadership roles within the company.
Marshall H. Bridges, Senior Vice President and Chief Financial Officer (retiring December 28, 2024)
Marshall H. Bridges currently serves as Senior Vice President and Chief Financial Officer of HNI Corporation, a position he has held since January 2017. He joined HNI Corporation in 2001 and has held several leadership roles, including Vice President of Corporate Finance, Treasurer, Director of Mergers & Acquisitions, and Vice President of Investor Relations. Mr. Bridges is scheduled to retire on December 28, 2024, after which he will continue to work with HNI in a part-time capacity on strategic artificial intelligence projects.
Kurt A. Tjaden, Senior Vice President and President of HNI International
Kurt A. Tjaden has been the President of HNI International since January 2017 and a Senior Vice President of HNI Corporation since October 2015. Prior to these roles, he served as the Chief Financial Officer of HNI Corporation from August 2008 to January 2017. Before joining HNI, Mr. Tjaden held significant financial and international positions, including Vice President and Chief Financial Officer, Asia, for Whirlpool Corporation (2007-2008), Chief Financial Officer of Pure Fishing Inc. (2001-2006), and Chief Financial Officer of Gateway Asia Pacific. He also spent 14 years in various roles at Procter & Gamble.
Steven Mark Bradford, Senior Vice President, General Counsel and Secretary
Steven Mark Bradford serves as Senior Vice President, General Counsel, and Secretary for HNI Corporation. He has held the positions of Secretary and General Counsel for HNI Corp. since 2008.
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Here are the key risks to HNI Corporation's business:
- Macroeconomic Uncertainty and Demand Volatility: HNI Corporation faces significant risks from heightened macroeconomic uncertainty, which influences demand volatility across its segments. This includes the impact of elevated interest rates and consumer sentiment on the housing market, affecting its Residential Building Products segment, and general economic and election uncertainty leading to reduced discretionary spending by small businesses and project delays in its Workplace Furnishings segment. A notable pause in demand, particularly in transactional small and medium-sized business (SMB) operations and contract furniture project timelines, represents a primary near-term challenge.
- Raw Material Costs and Supply Chain Fluctuations: The company is exposed to risks from price changes and tariffs for key direct materials and assembly components used in its operations, such as steel, plastics, textiles, and wood particleboard. The market prices of these materials, particularly plastics and textiles, are sensitive to global market conditions and the cost of oil and natural gas. Tariff uncertainty and rising inflation expectations are anticipated to cause ongoing demand volatility and temporary margin pressure, especially within the Workplace Furnishings segment.
- Industry and Competitive Conditions: HNI Corporation's business, operating results, and financial condition could be adversely affected by unfavorable industry and competitive factors. Sales in the workplace, healthcare, and hospitality furnishings industries are influenced by various macroeconomic factors, including service-sector employment levels, corporate profits, business confidence, commercial construction, and office vacancy rates. The company also faces risks related to industry and competitive conditions, including the consolidation and concentration of its customers and its reliance on a network of independent dealers.
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The permanent shift towards remote and hybrid work models significantly reduces the demand for traditional office furniture and necessitates new types of collaborative and flexible workspace solutions. This trend challenges HNI's core business model of furnishing large, conventional office spaces.
The accelerated electrification and decarbonization of homes and buildings, driven by regulatory changes, building codes, and consumer preferences, directly threatens the market for HNI's gas and wood-burning hearth products. This trend encourages the adoption of electric heating solutions and heat pumps, diminishing the need for traditional fireplaces and stoves.
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HNI Corporation (NYSE: HNI) operates in two primary business segments: Workplace Furnishings and Residential Building Products.
Workplace Furnishings
This segment encompasses office desks, workstations, seating solutions, and storage products.
- U.S. Market: The U.S. office furniture market was valued at approximately USD 16.64 billion in 2024, with projections to reach around USD 17.43 billion in 2025. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.0% from 2025 to 2030, reaching USD 22.24 billion by 2030. Another estimate for the U.S. market was USD 16.18 billion in 2025, forecasted to reach USD 22.48 billion by 2030, with a CAGR of 6.80% for 2024-2030.
- Global Market: The global office furniture market was valued at approximately USD 107.26 billion in 2024 and is expected to grow to USD 180.20 billion by 2032, exhibiting a CAGR of 6.70% from 2025 to 2032. Another report estimates the global market size at USD 65.62 billion in 2024, projected to reach USD 88.58 billion by 2033 with a CAGR of 3.36% from 2025-2033.
Residential Building Products
This segment includes hearth products such as gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, and accessories.
- U.S. Market: The U.S. hearth market is projected to be approximately USD 4.85 billion in 2025. The U.S. hearth industry accounted for about 72% of the North American revenue share in 2024.
- North American Market: The North America hearth market was valued at approximately USD 4.12 billion in 2023 and is projected to reach USD 7.33 billion by 2031, growing at a CAGR of roughly 7.5% during that period. North America held 43.24% of the global hearth revenue in 2024.
- Global Market: The global hearth market size was estimated at USD 20.84 billion in 2024 and is projected to reach USD 27.43 billion by 2030, with a CAGR of 4.8% from 2025 to 2030. Another estimate places the global hearth market at USD 15.65 billion in 2025, expanding to USD 27.54 billion by 2034, with a CAGR of 6.48% from 2025 to 2034.
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HNI Corporation (HNI) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market trends:
- Strategic Acquisitions and Synergies: The company expects significant revenue expansion from its strategic acquisitions. The integration of Kimball International continues to yield synergies, contributing to overall performance. More notably, the anticipated acquisition of Steelcase, expected to close by the end of 2025, is projected to be a major catalyst. This acquisition is set to generate substantial synergies, expand HNI's market presence, and diversify revenue streams, particularly within the healthcare, education, and hospitality sectors. The combined entity is projected to achieve $5.8 billion in annual sales.
- New Product Development and Innovation: HNI is actively investing in developing market-leading new products, especially those focused on ergonomic design, health, and flexible workspace solutions. This investment aims to meet evolving customer demands and position the company to command premium pricing, thereby supporting both revenue growth and margin expansion.
- Positive Office Space Demand and Return-to-Office Trends: A positive shift in office space demand and the ongoing return-to-office movement are expected to fuel growth in the Workplace Furnishings segment. Data indicating high occupancy rates in Class A buildings in top markets suggests an emerging new office growth cycle, which HNI is positioned to capitalize on.
- Pricing Actions and Volume Growth: HNI anticipates that strategic pricing actions will be a primary driver of growth, particularly within its Residential Building Products segment. Furthermore, the company expects overall volume growth across both its Workplace Furnishings and Residential Building Products segments.
- Operational Efficiencies and Cost Savings: While primarily impacting profitability, the significant cost savings and operational efficiencies derived from the Kimball International integration and the ramp-up of HNI's new Mexico facility are expected to free up capital. These savings contribute to improved earnings, which can then be reinvested into growth initiatives, indirectly supporting revenue expansion. These initiatives are expected to contribute between $0.75 and $0.80 to diluted non-GAAP EPS for the 2025-2026 period.
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Share Repurchases
- HNI Corporation repurchased approximately $220.85 million of its common stock from 2020 to 2024, with specific amounts including $0.65 million in 2020, $60.5 million in 2021, $63.9 million in 2022, $0.4 million in 2023, and $95.4 million in 2024.
- In the first half of 2024, the company accelerated share buyback activity, repurchasing over $10 million.
- The company's revolving credit facility provides financial capacity for repurchases of common stock.
Share Issuance
- HNI issued more than 6 million shares in 2023 to partially finance the acquisition of Kimball International.
- The pending acquisition of Steelcase, expected to close before the end of 2025, includes stock-and-cash election mechanics, indicating further share issuance.
Outbound Investments
- In June 2023, HNI acquired Kimball International for $503.7 million, strengthening its product offerings, go-to-market strategies, and manufacturing capabilities.
- HNI entered a definitive agreement to acquire Steelcase for approximately $2.1 billion, with the transaction expected to close before the end of 2025.
- In the second quarter of 2025, HNI divested its HNI India business, receiving $8.1 million in net proceeds.
Capital Expenditures
- HNI's capital expenditures were $78.1 million in 2023 and $50.6 million in 2024.
- For the first nine months of 2025, capital expenditures totaled $49.6 million, with expected full-year 2025 capital expenditures projected to be between $75 and $80 million.
- These capital expenditures are primarily focused on investments in the business, including category awareness, new product innovation, online capabilities, expansion of its installing distributor footprint, and the ramp-up of its Mexico facility.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| HNI Earnings Notes | 12/16/2025 | |
| null | 10/17/2025 | |
| HNI vs UnitedHealth: Which Is A Better Investment? | 08/18/2025 | |
| HNI vs United Airlines: Which Is A Better Investment? | 08/18/2025 | |
| HNI vs Interface: Which Is A Better Investment? | 08/18/2025 | |
| How Does HNI Stock Stack Up Against Its Peers? | 08/13/2025 | |
| Better Bet Than HNI Stock: Pay Less Than HNI To Get More From UAL, IBKRÂ | 08/12/2025 | |
| Better Bet Than HNI Stock: Pay Less Than HNI To Get More From UALÂ | 08/12/2025 | |
| Day 10 of Loss Streak for HNI Stock with -18% Return (vs. -13% YTD) [8/11/2025] | 08/12/2025 | |
| Day 9 of Loss Streak for HNI Stock with -17% Return (vs. -13% YTD) [8/8/2025] | 08/09/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 11/08/2025 | |
| HNI Stock Down -18% after 10-Day Loss Streak | 08/12/2025 | |
| HNI Stock Down -17% after 9-Day Loss Streak | 08/09/2025 |
Trade Ideas
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| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -18.0% | -18.0% | -18.0% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -6.4% | -6.4% | -6.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 29.09 |
| Mkt Cap | 1.0 |
| Rev LTM | 1,364 |
| Op Inc LTM | 94 |
| FCF LTM | 62 |
| FCF 3Y Avg | 98 |
| CFO LTM | 128 |
| CFO 3Y Avg | 136 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.7% |
| Rev Chg 3Y Avg | -4.3% |
| Rev Chg Q | 2.8% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 7.2% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 7.8% |
| CFO/Rev 3Y Avg | 8.4% |
| FCF/Rev LTM | 6.5% |
| FCF/Rev 3Y Avg | 5.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.0 |
| P/S | 0.6 |
| P/EBIT | 11.0 |
| P/E | 14.7 |
| P/CFO | 8.8 |
| Total Yield | 7.7% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 8.6% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.4% |
| 3M Rtn | 12.0% |
| 6M Rtn | -0.7% |
| 12M Rtn | 1.2% |
| 3Y Rtn | 8.5% |
| 1M Excs Rtn | -0.7% |
| 3M Excs Rtn | 11.6% |
| 6M Excs Rtn | -2.9% |
| 12M Excs Rtn | -12.9% |
| 3Y Excs Rtn | -48.3% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $49.04 | |
| Market Cap ($ Bil) | 2.2 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -6.7% | |
| 50 Days | 200 Days | |
| DMA Price | $46.08 | $45.36 |
| DMA Trend | up | up |
| Distance from DMA | 6.4% | 8.1% |
| 3M | 1YR | |
| Volatility | 22.9% | 29.4% |
| Downside Capture | -21.42 | 72.89 |
| Upside Capture | 102.07 | 70.95 |
| Correlation (SPY) | 24.8% | 49.5% |
HNI Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.89 | 0.64 | 0.57 | 0.53 | 0.78 | 0.84 |
| Up Beta | 1.40 | 2.46 | 1.29 | 0.87 | 0.79 | 0.86 |
| Down Beta | 1.14 | 0.44 | 0.60 | 0.48 | 0.71 | 0.68 |
| Up Capture | 188% | 110% | 87% | 26% | 65% | 75% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 21 | 32 | 59 | 119 | 384 |
| Down Capture | -95% | -37% | -9% | 60% | 94% | 97% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 19 | 27 | 64 | 130 | 362 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HNI | |
|---|---|---|---|---|
| HNI | 2.9% | 29.7% | 0.10 | - |
| Sector ETF (XLI) | 28.2% | 19.2% | 1.17 | 57.3% |
| Equity (SPY) | 12.8% | 19.4% | 0.50 | 49.6% |
| Gold (GLD) | 79.1% | 25.7% | 2.25 | -1.0% |
| Commodities (DBC) | 7.7% | 16.9% | 0.27 | 12.9% |
| Real Estate (VNQ) | 6.6% | 16.7% | 0.21 | 51.0% |
| Bitcoin (BTCUSD) | -30.9% | 44.9% | -0.69 | 22.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HNI | |
|---|---|---|---|---|
| HNI | 9.4% | 30.8% | 0.33 | - |
| Sector ETF (XLI) | 15.8% | 17.2% | 0.74 | 58.9% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | 49.4% |
| Gold (GLD) | 23.6% | 17.1% | 1.12 | 2.3% |
| Commodities (DBC) | 10.7% | 19.0% | 0.45 | 11.7% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 47.2% |
| Bitcoin (BTCUSD) | 6.7% | 57.1% | 0.34 | 15.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HNI | |
|---|---|---|---|---|
| HNI | 7.8% | 36.9% | 0.32 | - |
| Sector ETF (XLI) | 15.4% | 19.8% | 0.69 | 60.3% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 52.8% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | -2.3% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 19.9% |
| Real Estate (VNQ) | 6.9% | 20.7% | 0.30 | 50.8% |
| Bitcoin (BTCUSD) | 67.8% | 66.8% | 1.07 | 13.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/28/2025 | -0.6% | -10.5% | -7.4% |
| 7/24/2025 | -1.3% | -1.8% | -17.2% |
| 5/7/2025 | 0.9% | 12.2% | 8.1% |
| 2/20/2025 | 0.3% | -2.3% | -10.1% |
| 10/29/2024 | -3.2% | -1.4% | 10.4% |
| 7/25/2024 | 10.4% | 12.4% | 6.7% |
| 2/22/2024 | -0.9% | 2.3% | 5.3% |
| 10/31/2023 | 4.0% | 15.3% | 17.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 12 |
| # Negative | 7 | 8 | 7 |
| Median Positive | 2.9% | 7.9% | 7.1% |
| Median Negative | -1.3% | -5.8% | -10.1% |
| Max Positive | 10.4% | 15.3% | 17.8% |
| Max Negative | -9.4% | -10.5% | -42.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Calado, Miguel M | Direct | Sell | 7282025 | 53.00 | 1,743 | 92,379 | 1,594,527 | Form | |
| 2 | Lorenger, Jeffrey D | President & CEO | Direct | Sell | 7282025 | 53.29 | 200 | 10,658 | 18,342,070 | Form |
| 3 | Calado, Miguel M | Direct | Sell | 6302025 | 50.00 | 2,000 | 100,000 | 1,591,421 | Form | |
| 4 | Hagedorn, Jason Dean | President, Allsteel LLC | Direct | Sell | 6172025 | 47.07 | 1,440 | 67,781 | 1,727,984 | Form |
| 5 | Smith, Brian Scott | President, Hearth & Home Tech | Direct | Sell | 2252025 | 49.95 | 944 | 47,153 | 657,902 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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