HNI
HNI Corporation Consumer Cyclical - Furnishings, Fixtures & Appliances Investor Relations →
HNI Corporation (HNI) closed at $33.99 as of 2026-03-20, trading 10.8% below its 200-week moving average of $38.09. This places HNI in the extreme value zone. The stock is currently moving closer to the line, down from 6.4% last week. The 14-week RSI sits at 37, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.66 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 2352 weeks of data, HNI has crossed below its 200-week moving average 34 times. On average, these episodes lasted 17 weeks. Historically, investors who bought HNI at the start of these episodes saw an average one-year return of +14.5%.
With a market cap of $2.4 billion, HNI is a mid-cap stock. The company generates a free cash flow yield of 6.5%, which is healthy. Return on equity stands at 4.1%. The stock trades at 1.3x book value.
Share count has increased 72.2% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in HNI would have grown to $606, compared to $2683 for the S&P 500. HNI has returned 5.6% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 153.5% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HNI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HNI Crosses Below the Line?
Across 29 historical episodes, buying HNI when it crossed below its 200-week moving average produced an average return of +10.4% after 12 months (median +6.0%), compared to +9.9% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +24.9% vs +17.6% for the index.
Each line shows $100 invested at the moment HNI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HNI has crossed below its 200-week MA 34 times with an average 1-year return of +14.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1982 | Oct 1982 | 41 | 29.8% | +20.8% | +3545.2% |
| Jun 1984 | Aug 1984 | 6 | 11.5% | +11.5% | +3264.8% |
| Aug 1984 | Apr 1985 | 33 | 22.8% | +29.9% | +3308.5% |
| Nov 1988 | Dec 1988 | 4 | 4.1% | +97.0% | +1858.6% |
| Dec 1995 | Apr 1996 | 18 | 17.6% | +42.0% | +546.5% |
| Sep 1999 | Mar 2000 | 28 | 29.9% | +26.6% | +255.7% |
| Jun 2000 | Jul 2000 | 1 | 0.2% | +5.0% | +199.5% |
| Oct 2000 | Nov 2000 | 6 | 10.0% | -8.3% | +192.7% |
| Dec 2000 | Dec 2000 | 1 | 1.8% | +16.8% | +192.1% |
| Feb 2001 | Apr 2001 | 10 | 10.1% | +11.3% | +199.3% |
| Jun 2001 | Jul 2001 | 2 | 1.3% | +14.5% | +185.1% |
| Sep 2001 | Oct 2001 | 8 | 17.3% | +25.3% | +198.9% |
| Jul 2006 | Oct 2006 | 11 | 6.0% | +9.3% | +55.9% |
| Apr 2007 | Apr 2010 | 156 | 77.7% | -44.0% | +47.5% |
| May 2010 | May 2010 | 1 | 0.4% | -0.9% | +106.3% |
| May 2010 | Jun 2010 | 1 | 1.5% | -9.6% | +109.8% |
| Jun 2010 | Sep 2010 | 11 | 10.3% | +2.2% | +115.0% |
| Oct 2010 | Nov 2010 | 3 | 4.1% | +6.1% | +125.2% |
| May 2011 | Jun 2011 | 2 | 4.9% | -0.1% | +132.2% |
| Jul 2011 | Oct 2011 | 13 | 29.2% | +22.9% | +138.1% |
| Nov 2011 | Nov 2011 | 1 | 2.9% | +41.1% | +150.6% |
| May 2012 | May 2012 | 1 | 0.4% | +73.1% | +138.0% |
| Dec 2015 | Mar 2016 | 11 | 14.4% | +59.0% | +31.2% |
| Oct 2016 | Oct 2016 | 2 | 4.7% | +11.0% | +20.8% |
| Jun 2017 | Sep 2017 | 16 | 16.0% | -1.2% | +16.0% |
| Oct 2017 | Jul 2018 | 39 | 19.7% | +9.4% | +26.2% |
| Oct 2018 | Feb 2019 | 18 | 15.0% | -3.8% | +14.6% |
| Feb 2019 | Oct 2019 | 34 | 20.6% | -11.5% | +12.6% |
| Dec 2019 | Oct 2020 | 42 | 43.2% | -3.9% | +10.6% |
| Oct 2020 | Nov 2020 | 2 | 5.8% | +18.6% | +25.2% |
| Jan 2021 | Feb 2021 | 3 | 4.6% | +28.8% | +20.3% |
| Jun 2022 | Jun 2022 | 1 | 1.9% | -16.8% | +14.8% |
| Aug 2022 | Sep 2023 | 55 | 22.3% | -4.5% | +14.8% |
| Mar 2026 | Ongoing | 1+ | 10.8% | Ongoing | N/A |
| Average | 17 | — | +14.5% | — |
Frequently Asked Questions
Is HNI below its 200-week moving average?
Yes. As of 2026-03-20, HNI Corporation (HNI) is trading 10.8% below its 200-week moving average of $38.09. The current price is $33.99.
What is HNI's 200-week moving average price?
HNI Corporation's 200-week moving average is $38.09 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HNI drops below its 200-week moving average?
HNI has crossed below its 200-week moving average 34 times in our data. On average, buying at that moment produced a one-year return of +14.5%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is HNI a good value right now?
Here's what our data says about HNI as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 37. Free cash flow yield is 6.5%. Return on equity is 4.1%. Price-to-book is 1.3x. This is not a buy or sell recommendation — always do your own research.
How does HNI compare to the S&P 500?
Over the past 33.2 years, $100 invested in HNI would have grown to $606, compared to $2683 for the S&P 500. That's 5.6% annualized vs 10.4% for the index. HNI has underperformed the broader market over this period.
Does HNI pay a dividend?
Yes. HNI Corporation currently pays a dividend yield of 400.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20