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 $25.59, down 4.05% from the previous day, and has decreased 33.57% in one year. It has underperformed other stocks in the Business Equipment & Supplies industry by 0.12 percentage points. Hni stock is currently +4% from its 52-week low of $24.61, and -35.12% from its 52-week high of $39.44.
As of Jun 5, 2023, there are 41.7M shares of HNI outstanding. The market cap of HNI is $1.07B. In the past 24 hours, 395,819 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.
- Provide your personal data to open your new brokerage account.
- Send your information by pressing the "Create Account" button.
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 undervalued based on its P/E ratio of 9.48x, relative to Business Equipment & Supplies industry P/E ratio of 18.38x
- HNI may be undervalued based on its P/B ratio of 1.74x, relative to Business Equipment & Supplies industry P/B ratio of 2.79x
- HNI could be overvalued based on its PEG ratio of 2.1x
You can do more valuation analysis on HNI's stock here.
HNI Financial Health Overview
Signs that HNI is financially healthy:
- There are more short-term assets than short-term liabilities on the HNI balance sheet.
- HNI earnings of $141.20M is not enough to cover its interest payments.
- Total HNI debt is lower than 5 years ago, relative to shareholder equity.
- HNI profit margin has gone up from 2.6% to 4.9% in the past year.
- There are more short-term assets than long-term liabilities on the HNI balance sheet.
- HNI's operating cash flow of $137.45M allows it to safely service it's debt of $315.40M.
Signs that HNI is not financially healthy:
- HNI has a relatively high debt to equity ratio of 1.26.
Is HNI stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who give recommendations on HNI, the consensus analyst rating on HNI is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest HNI Analyst Forecasts
Gregory Burns, a top 14% analyst from Sidoti & Co. upgrades HNI to a strong buy rating and announces their HNI price target of $34.00, on Mar 9, 2023.
You can dig deeper into what analysts are saying on the Hni stock forecast page.
HNI Momentum
How is HNI performing as a company?
Last year, HNI earnings were $111.30M. In the last 5 year, HNI's earnings have gone up by 6.19% per year. This was slower than the Business Equipment & Supplies industry average of 23.71%.
Last year, HNI revenue was $2.27B. In the last five year, HNI's revenue has grown by 0.59% per year. This was slower than the Business Equipment & Supplies industry average of 4.14%.
Find out more about HNI's earnings and revenue performance here.
Who is buying/selling HNI?
In the last 12 months, insiders at HNI have sold more shares than they have bought.
Patrick D. Hallinan, Director of HNI, was the latest HNI insider to buy. They bought $9,974.58 worth of HNI shares on May 16, 2023.
Get more info about who owns HNI shares here.
Does HNI provide a stable income stream?
Hni pays a dividend of 3.75%, compared to the Business Equipment & Supplies industry's average dividend yield of 4.47%. If you owned $1,000 worth of HNI stock, you would have been paid $37.51 in the past 12 months.
Hni dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Hni dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your HNI buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, use a limit order.
Press the Open button and your broker will place the order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Watch your HNI position
Now that you own some HNI shares, you'll want to keep up with your new shares.
Make a watchlist to get notified of important updates regarding your HNI stock.
HNI Feed
How to Buy Stock in Hni
To reiterate, here are the 6 steps to buy stock in Hni:
- 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 need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Hni, click below.
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