HNI Corporation (HNI)
NYSEIndustrialsFurnishings, Fixtures & AppliancesSnapshot 2026-11-05
$48.31-1.69%
Close 2026-11-05 · 1-day change
NYSEIndustrialsFurnishings, Fixtures & AppliancesSnapshot 2026-11-05
QuarterlyIQ Insights · HNI
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance recently climbed back into the top half of its industry — confirming the recovery.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -16.4% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and long-term interest rates.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 12.2% |
Growth built into the price is above our model estimate.
The price assumes 28.6 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 9 industry peers · Company calendar date is not available
HNI — credit agreement
Dated 2026-06-10
Entry into a Material Definitive Agreement. Credit Agreement Refinancing On June 10, 2026, HNI Corporation, an Iowa corporation (“HNI”) entered into Amendment No. 3 to Credit Agreement (“Amendment No. 3”) by and among HNI, the other Credit Parties party thereto, the 2026 Refinancing Term Lenders (as defined therein), and Wells Fargo Bank, National Association, as Administrative Agent (in such capacity, the “Administrative Agent”), which amends that certain Credit Agreement, dated as of Septem…
Why it matters: HNI tied stronger second-half sales to higher volume and price gains. The Q3 report tests that plan.
Supportive ifQ3 Workplace Furnishings organic sales grow at least 8% year over year.
Worry ifQ3 Workplace Furnishings organic sales are flat or lower year over year.
Why it matters: New home weakness has offset gains in remodel work. A wider sales drop would test HNI's plan for this business.
Worry ifResidential Building Products net sales fall from a year ago in the next reported quarter.
Less concerning ifResidential Building Products net sales rise from a year ago. Remodel gains offset weakness in new homes.
Why it matters: The board raised the buyback limit by $200 million. Actual share repurchases would show the company is using that approval.
Supportive ifA filing or company report shows new share repurchases after the Aug. 20 approval.
Worry ifHNI reports no new share repurchases in its next quarterly filing.
Why it matters: The higher outlook rests on sales growth, cost cuts, and Steelcase gains. A cut would weaken that case.
Supportive ifAt the Nov. 3 earnings report, HNI keeps its 2026 non-GAAP EPS growth outlook at 20% or higher.
Worry ifHNI cuts its 2026 non-GAAP EPS growth outlook below 20%.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$133 on $10,000 · ±1.3% | How much price usually moves either way. |
| Bad day | $313 loss on $10,000 · 3.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,392 loss on $10,000 · 43.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: HNI says these savings can add much profit over time. Steelcase also had a 1.0% Q2 non-GAAP margin.
Supportive ifHNI reports progress toward at least $120 million in yearly Steelcase savings, with no cut to the goal.
Worry ifHNI lowers the $120 million savings goal or says key savings are behind plan.