HNI Corporation (NYSE:HNI) traded at a new 52-week high today of $44.99. So far today approximately 51,000 shares have been exchanged, as compared to an average 30-day volume of 217,000 shares.
HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its office furniture segment, which consists of products such as panel-based and freestanding furniture systems and complementary products. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. The hearth segment consists of products including gas-, wood-, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, mainland China, Hong Kong, India, and Taiwan.
In the past 52 weeks, HNI Corporation share prices are bracketed by a low of $19.09 and a high of $44.99 and is now at $44.51, 133% above that low price.
Based on a current price of $44.51, HNI Corporation is currently 49.9% above its average consensus analyst price target of $22.31.
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