HNI Corporation (NYSE:HNI) traded today at a new 52-week high of $44.49. So far today approximately 75,000 shares have been exchanged, as compared to an average 30-day volume of 246,000 shares.
Over the past year, HNI Corporation has traded in a range of $19.09 to $44.49 and is now at $43.05, 125% above that low.
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.
Based on a current price of $43.05, HNI Corporation is currently 5.1% above its average consensus analyst price target of $40.84.
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