HNI trade ideas
HNI long this is from Forbs Q.AI for the second time in a row it made it to top buy list for the next month. price now is $32.70
HNI Corp makes the Top Buy list again today, with our deep learning algorithms assigning factor scores of rated B in Technical, C in Growth, C in Momentum Volatility, and A in Quality Value to the company. The stock has lost ground this year, losing 14.13% so far, but our AI thinks it will head higher from here. The company 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. As for the financials, Operating Income grew by 0.6% in the last fiscal year to $153.71M, a growth of 10.86% over the last three fiscal years from $139.48M three years ago. Revenue was $2246.95M in the last fiscal year, which compares to $2175.88M three years ago. EPS was $2.54 in the last fiscal year, versus $2.0 three years ago. ROE was 19.26% in the last year, compared to 17.7% three years ago. The stock is trading with a Forward 12M P/E of 23.14.
