How to Buy Hni Stock
Hni Corp
Hni is a business equipment & supply company located in Iowa, United States, which is part of the Industrials sector, and is traded under the ticker HNI on the NYSE exchange.
Hni stock last closed at $41.95, down 2.42% from the previous day, and has increased 61.47% in one year. It has overperformed other stocks in the Business Equipment & Supplies industry by 0.26 percentage points. Hni stock is currently +69.09% from its 52-week low of $24.81, and -7.74% from its 52-week high of $45.47.
As of Apr 30, 2024, there are 47.3M shares of HNI outstanding. The market cap of HNI is $1.98B. In the past 24 hours, 398,577 HNI shares were traded.
How to Buy Hni Stock
Wondering how to invest in Hni stock? Here's how.
- Decide where to buy Hni stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Hni stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your details.
- Research Hni stock: The Hni ticker symbol is HNI. Is Hni stock a good investment? Should you buy shares of HNI? How do HNI's underlying business fundamentals look? Do top analysts think Hni is a good buy? Why has HNI's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if HNI is a good stock to buy).
- Make your HNI buy order: Decide if you will purchase HNI shares at the current market price or use a limit order to purchase HNI stock at a specific price.
- Watch your HNI position: Create a watchlist to keep tabs on your position in Hni stock.
Step 1: Decide where to buy Hni stock
You will need an online brokerage account in order to access the NYSE market and buy HNI stock.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you can buy HNI today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open your new brokerage account.
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Step 3: Deposit money your investment account
Now that you have finished signing up on the best stock trading app for beginners, you need to deposit funds:
Check out the tutorial below to see the process of depositing funds into your brokerage account.
Step 4: Research Hni stock
After you have selected the best place to buy Hni stock, it's critical to evaluate their stock prior to buying, so you truly understand the risk and opportunity.
Hni Metrics
Hni Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on HNI's stock page.
How is HNI stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge HNI's fair value.
Using relative valuations methods:
- HNI may be overvalued based on its P/E ratio of 29.96x, relative to Business Equipment & Supplies industry P/E ratio of 17.31x
- HNI may be overvalued based on its P/B ratio of 2.57x, relative to Business Equipment & Supplies industry P/B ratio of 1.43x
You can access more valuation research on HNI's stock here.
A quick look at HNI Financials
Signs that HNI is financially healthy:
- Total HNI debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the HNI balance sheet.
- HNI's operating cash flow of $245.90M allows it to safely service it's debt of $615.30M.
Signs that HNI is not financially healthy:
- There are more long-term liabilities than short-term assets on the HNI balance sheet.
- HNI profit margin has gone down from 4.9% to 2.6% in the past year.
- HNI earnings of $113.60M is not enough to cover its interest payments.
- HNI has a relatively high debt to equity ratio of 1.48.
Is HNI stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Equities analysts who monitor HNI, the consensus analyst rating on Hni is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Hni stock forecast page.
HNI Technicals
HNI Earnings
Last year, HNI earnings were $65.40M. During the last 5 year, HNI's earnings have grown by -7.79% per year. This was faster than the Business Equipment & Supplies industry average of -13.75%.
Last year, HNI revenue was $2.54B. During the past five year, HNI's revenue has grown by 2.64% per year. This was faster than the Business Equipment & Supplies industry average of 0.59%.
You can analyze HNI's earnings and revenue performance here.
Latest Insiders Trades at HNI
In the past year, insiders at HNI have sold more shares than they have bought.
Miguel M. Calado, Director of HNI, was the latest HNI insider to sell. They sold $66,000.00 worth of HNI shares on Mar 18, 2024.
Learn more about who owns HNI shares here.
Does HNI stock generate passive income?
Hni pays a dividend of 3.05%, compared to the Business Equipment & Supplies industry's average dividend yield of 4.41%. If you owned $1,000 of HNI stock, you would have received $30.51 in the past year.
Hni dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Hni dividend yield and history here.
Get opinions from other investors
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your HNI buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and your broker will place the order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Watch your HNI position
Now that you own some shares in HNI, you'll want to stay up-to-date on your investment.
Add HNI to a watchlist to track your HNI stock.
HNI Feed
How to Buy Stock in Hni
To summarize, here are the 6 steps for buying Hni stock:
- Decide where to buy Hni stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Hni stock
- Make your HNI buy order
- Watch your HNI position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your new investment in Hni, click below.
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