HNI Corp Shares Drop Below 200 Day Moving Average of $28.27
August 13, 2023
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On Tuesday, shares of HNI ($NYSE:HNI) Corporation (HNI) dropped below its 200 day moving average of $28.27, trading as low as $27.92. HNI Corporation is a multinational designer, manufacturer, and marketer of office furniture and hearth products for homes and offices. The company has also been affected by rising raw material costs and tariffs, as well as reduced demand in certain markets. Despite these headwinds, the company has taken steps to adjust their cost structure and reduce their debt burden in order to remain competitive in an increasingly challenging environment.
Share Price
On Tuesday, HNI CORPORATION stock opened at $29.5 and closed at $29.1, up by 1.9% from its prior closing price of 28.5. This is seen as a bearish sign for the company and investors are keeping an eye on HNI CORPORATION stock for further developments. Analysts are looking to see if the trend continues in the days to come or if it is a brief blip in the stock’s performance. The market is also closely monitoring the company’s performance to see if it can recover from this dip in its stock price.
Overall, the situation is uncertain as investors and analysts are watching HNI CORPORATION closely to see if the stock can regain its previous highs or continue to decline. It is also worth noting that HNI CORPORATION has made a number of strategic investments and acquisitions over the past few months, which may have contributed to the recent drop in share price. Therefore, investors should be mindful of the company’s long-term strategy and stay updated on its progress in order to make an informed decision on whether to hold or sell their shares. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hni Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.21k | 68.1 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hni Corporation. More…
| Operations | Investing | Financing |
| 146.2 | -378.7 | 230.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hni Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.08k | 1.36k | 15.36 |
Key Ratios Snapshot
Some of the financial key ratios for Hni Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | -22.0% | 4.9% |
| FCF Margin | ROE | ROA |
| 3.2% | 10.1% | 3.2% |
Analysis
At GoodWhale we conducted a financial analysis of HNI CORPORATION and based on our Star Chart, the company has an impressive health score of 8/10. This indicates that it has sufficient cash flows and debt to support its operations even in times of crisis. Upon further analysis, we classified HNI CORPORATION as a ‘cow’. This means that the company has a track record of paying out consistent and sustainable dividends, making it a great pick for investors who are looking for dividend-paying stocks. Additionally, HNI CORPORATION is strong in dividend and profitability, making it an attractive investment for income-focused investors. On the other hand, it is weak in asset and growth. Investors who are looking for high growth potential should look elsewhere. More…
Peers
The company’s competition includes Okamura Corp, Aurora Corp, and Steelcase Inc.
– Okamura Corp ($TSE:7994)
Okamura Corporation is a publicly traded company with a market capitalization of 144.55 billion as of 2022. The company has a return on equity of 10.02%, which is considered to be good. Okamura Corporation is a Japanese company that manufactures and sells office furniture. The company is headquartered in Tokyo, Japan.
– Aurora Corp ($TWSE:2373)
Aurora Corp is a leading provider of integrated software solutions that enable organizations to manage their finances and operations. The company’s market cap is $17.47B as of 2022 and its ROE is 16.94%. Aurora’s software solutions are used by organizations of all sizes, from small businesses to large enterprises. The company’s products are designed to help organizations streamline their financial and operational processes, improve their decision-making, and optimize their performance. Aurora’s products are used by organizations in a variety of industries, including healthcare, government, manufacturing, retail, and financial services.
– Steelcase Inc ($NYSE:SCS)
Casey Inc is an American company that manufactures and sells office furniture, architectural and technology products. It is headquartered in Grand Rapids, Michigan. The company has a market cap of 951.9 million as of 2022 and a return on equity of 3.73%. The company’s products include office chairs, desks, files, and storage cabinets.
Summary
HNI Corporation is a publicly traded company on the New York Stock Exchange. On Tuesday, its stock price fell below its 200 day moving average of $28.27, trading as low as $27.92 per share. This could be a sign of a bearish trend and a potential short-term sell signal for investors. It is important to perform technical and fundamental analysis in order to make an informed decision about whether to invest in HNI Corporation.
A technical analysis might involve looking at the stock’s historical prices, identifying any emerging trends, and analyzing the company’s financial data. A fundamental analysis could focus on the company’s past performance, management and other factors that could affect the future of the stock. Investors should also take into account any upcoming news that could affect the stock’s performance.
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