Latest news with #HNI
Economic Times
16 hours ago
- Business
- Economic Times
Retail investors now the smart money, HNIs more prone to panic: Sandeep Tandon
If I have to see, look at in last one year redemptions at our end, just do a redemption analysis, majority of the money if I have to say, if I say, maybe two-third of my redemption is coming from HNI and family office; only one-third comes and that also very interesting within one-third majority of redemption which coming from real retail investor is come from direct line not through regular route, they also need handholding. "I can say with good amount of confidence, at least till 2047 when demographic cycle peaks out in India, till then India PE multiple remains elevated for maybe you are talking about another 22 years or so, so it is more than 16 years I am saying that India multiple remain highest, which means earnings will expand but PE expansion is very important. So, as long PE remain elevated, the probability that you make good returns from the market," says Sandeep Tandon, CIO, Quant Mutual Fund. We were just reminiscing in the last 16 years the markets have seen so much. The world has seen so much, yet you have made just phenomenal returns. If you just did nothing, that is all you had to do. Sandeep Tandon: Correct. Are the next 16 going to be like that? Sandeep Tandon: It is very difficult to visualise exact 16 years. But if I have to look at India, there is a very interesting data, I will show you, like a lot of people forecast earnings, what will be the earnings for 5 years, 10 years perspective generally look at in numbers. We as Quant from a behaviour perspective we try to forecast the multiples. How we define multiple? Through perception, analytics. It is again interesting thesis which we have built, India perception has changed, something has dramatically changed in last few years. And if I have to say that India perception has changed and which means the PE multiple of Indian stock market will remain elevated from longer term perspective. I can say with good amount of confidence, at least till 2047 when demographic cycle peaks out in India, till then India PE multiple remains elevated for maybe you are talking about another 22 years or so, so it is more than 16 years I am saying that India multiple remain highest, which means earnings will expand but PE expansion is very important. So, as long PE remain elevated, the probability that you make good returns from the 16 years we have had magical moments -- jam trinity, financial inclusion, made in India, startup, Maha Kumbh. Which really could be the big factor at play, what could be that secret ingredient or secret sauce which in a sense will bind Indian market forward? Sandeep Tandon: I think what has changed in last maybe, if I have to say in this Modi's decade, it is about same thing, India perception. The young people, not only their risk appetite is clearly visible, they believe they can demonstrate few things. The neglected people, they are coming back and that is a big force to reckon. Like, people talk about China is about their government, they are doing it. Here the entrepreneurship and we are seeing for the first time this level of entrepreneurship even from the institute, people wants to start their own companies not join the companies, so that is something has changed. And financial inclusion has played a very important role in this whole journey. I will say even 2020 remember as a covid issue, but something got changed in 2020. A lot of people were sitting at home, first time they analysed their investment and actually the expenses was not there, I think that was a change moment where people started focusing on investment and the wealth got created. Now, that that M2M gains which retail investor sitting is very meaningful and that is actually driving. So, I always say every bull run is driven by some leadership, this time leadership is retail and retail base is very large. So, if you can say maybe a decadal opportunity from a returns perspective, maybe we have seen just five years or so for the current decade. Since you are so much into psychology of the markets and market participants, retail also comes with panic. Retail also comes with every news flash and reacting to every news flash. I am not talking about the mutual fund corpus money, but I am talking about more active participants. Sandeep Tandon: I always try to refer, this is some interesting work which we have done, when you talk about retail investor, it is actually jumbled up. Anything which is in non-institution is considered as retail actually. Actually, it is not. You have to differentiate that component from a HNI, family office, ultra-HNI and I always said that we can always see exactly at the bottom of the cycle, actually they are buyer, they are not getting panic. Who is getting panic? The people who are doing business. When I differentiate investor versus business, anybody who looks at their M2M on daily basis, for them this is the business and hence even market fall 10% if they believe that market can fall another 10%, they will exit, where retail investor is not. So, you have to differentiate the type of investor. Investor do not panic so easily. BUT somebody is doing business, which is the case for large family office, ultra-HNI, and HNIs, that segments panic. If I have to see, look at in last one year redemptions at our end, just do a redemption analysis, majority of the money if I have to say, if I say, maybe two-third of my redemption is coming from HNI and family office; only one-third comes and that also very interesting within one-third majority of redemption which coming from real retail investor is come from direct line not through regular route, they also need handholding. So, what is the mood in the market right now because the news flow, the noise around geopolitics, domino effect on crude, tariffs, it is so high. But if I just look at the index in the last 28 days, the index has done nothing. We have moved in just a 600-point band. Sandeep Tandon: So, one way of looking at the turmoil or geopolitical volatility. Other way of looking at, look at we have seen India-Pakistan tension, we have seen trade war, we have seen now Middle East issue further escalating. Market has actually given you some positive returns. And the confidence is coming back. If you really look at September, October, and particularly January, February first quarter where some amount of capitulative move we saw in the market, I think that is changing and confidence is coming back and then market realised that India is the most safest place. In fact, three months back we made this call not only from India, India is a risk-on rally and globally is a risk-off. But what is very important is the decoupling process for India has begun. We believe India has now decoupled from global market, that is a cycle which we have been talking about in 2025 it begins, and we have seen now the decoupling process has begun. You look at the impact what happened in the US market, we are hardly any impact out here. And the turmoil which we are seeing, the first country used to get affected purely from a crude perspective. And if you really look at this time also, crude has also spiked very recently, it has only because of very recent phenomena we have seen the impact. Otherwise, crude also has been pretty stable. So, we are jumping from long-term to short-term. We have got a short-term view. Let us talk about the long-term view. Long-term view is that the PE multiples will remain elevated. India becomes what could be called as a special situation stock. What could be the next aha thing for India? For example, coming back by the SIP investor has been the aha moment. Digitisation has been the aha moment. Make in India has been the aha moment. What is the next aha moment for India now? Sandeep Tandon: Very difficult to visualise in at this point in time, but only thing the way I look at from a regulations point of view, sebi has include the, we can talk about our industry, sif, the specialised investment fund, a new category. And obviously it is like we were the first to get that approval, but what is very important is that new segment is coming where it really help you from a diversification perspective. Like globally when you talk about hedge fund criteria, people trade or the prop desk or the high frequency algo, with route a short-term investment thesis will also gather momentum that is how you can make money in the short-term perspective also, how you better manage your returns also, how diversification through sif route also you can create better risk adjusted book. So, new instrument which is coming, which is not the case… Let us say some of these instrument was the part of only the HNI, family office, or the large ticket customer, I think now real, real retail customer will also be able to participate through SIF route and some more products will come. So, I am more excited that you will see innovation coming through product. Technology is obviously playing a very important role. Cost is coming down drastically. And what is very important when I talk about perception has changed, India, like people, retail investors are more convinced this time and I am saying they have become much more mature than as compared to what I have seen in 10, 20, 30 years. This time something is very different. Retail has not panic. If you really look at, they are not getting capitulated so easily. It is the more sophisticated investor they are panicking much earlier because they are more smart and they are more educated and leveraged. So, it is a phenomena something which we have to really respect the real retail investor is coming and they have patience now. So, what falls into your buy and hold category for next five years, 16 years is a long time, for next five years? Sandeep Tandon: Yes, I agree. So, five years let us say given the geopolitical turmoil, we also believe that beginning of the year say next five years also going to be challenging from a global perspective. Hence, I like to be more focused on the domestic economy. So, power is the theme. Power remains buy on dips. It is a decadal opportunity. So, if next five year, I think by 2032, power stocks should do well. All energy basket should do very well. Then, I will more bullish on the India infrastructure space, not just EPC companies, large infra plays whether ports, airports, even you can say EPC company, also large infra names which should be a biggest beneficiary because we have seen irrespective of state government also the infra spending has not cut down. I think we are in a massive investment phase in India, so that is a space which we like. And obviously if infra does well, then logically materials should also follow. So, I am saying first infra. And consumption as a theme is also coming back. The tax benefit which government has given, the RBI recent cuts will also boost the consumption. So, a lot of consumption stock which have been neglected territory or they were erstwhile admiring territory stock, those are the names one should look at. Hospitality space we still like, whether you talk about hotels, hospitals. So, those are the area. Services industry also. We want to see something new now. Like all those names which has been in admired territory for last few years may or may not give you that sort of returns going forward, so I will look for under ownership, I look for attractive valuation and research or I say uncovered.
Yahoo
4 days ago
- Business
- Yahoo
Why HNI (HNI) is a Top Dividend Stock for Your Portfolio
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Based in Muscatine, HNI (HNI) is in the Business Services sector, and so far this year, shares have seen a price change of -7.94%. The maker of office furniture and fireplaces is currently shelling out a dividend of $0.34 per share, with a dividend yield of 2.93%. This compares to the Business - Office Products industry's yield of 2.91% and the S&P 500's yield of 1.57%. In terms of dividend growth, the company's current annualized dividend of $1.36 is up 3.8% from last year. Over the last 5 years, HNI has increased its dividend 3 times on a year-over-year basis for an average annual increase of 1.84%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, HNI's payout ratio is 42%, which means it paid out 42% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HNI for this fiscal year. The Zacks Consensus Estimate for 2025 is $3.50 per share, which represents a year-over-year growth rate of 14.38%. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout. Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that HNI is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HNI Corporation (HNI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
7 days ago
- Business
- Mint
Stock market this week ends volatile—Here are the top gainers and losers to track
Arbitrage funds witnessed a notable 33% rise in inflows during May, reflecting growing investor interest in low-risk and tax-efficient investment options amid evolving market dynamics. These hybrid mutual funds, which leverage the price differences between cash and derivatives markets to generate returns, are gaining popularity for their ability to offer stability along with the potential for short-term gains. The significant increase in inflows suggests that more investors are recognizing arbitrage funds as a smart alternative to traditional fixed-income instruments, especially given their equity taxation advantage when held for more than a year. With their relatively lower volatility and the benefit of being taxed like equity mutual funds, arbitrage funds have emerged as an attractive choice for conservative investors seeking capital preservation with better post-tax returns. In times when markets may be experiencing temporary fluctuations, arbitrage funds provide a balanced route by capitalizing on market inefficiencies without taking directional equity exposure. The surge in inflows also reflects growing awareness among retail and institutional investors about the role such funds can play in diversifying portfolios and managing liquidity needs effectively. Supported by their consistent performance and efficient risk-return profile, arbitrage funds continue to draw attention from those looking to make the most of short-term idle funds while maintaining a low-risk stance. This trend is expected to sustain as investors increasingly prioritize safety, tax efficiency, and liquidity, making arbitrage funds a relevant and reliable component of a well-rounded investment strategy. The IPO of Oswal Pumps received a positive response from investors, being oversubscribed by 0.34 times, reflecting growing confidence in the company's business model and future potential. Known for its strong presence in the water pump and motor manufacturing industry, Oswal Pumps aims to utilize the funds raised to enhance its production capacity, invest in advanced technology, and support working capital needs. The oversubscription indicates healthy demand, particularly from retail and HNI investors, who were drawn to the company's consistent performance, trusted brand, and expansion plans. With a solid track record, strong distribution network, and focus on innovation, Oswal Pumps is well-positioned to capitalize on growth opportunities in both domestic and international markets. This successful IPO marks an important milestone in the company's journey and paves the way for long-term value creation. Baroda BNP Paribas AMC, ICICI Prudential AMC, and Groww AMC have launched new fund offers (NFOs), each offering investors distinct opportunities aligned with emerging market trends. Baroda BNP Paribas has introduced the Health & Wellness Fund – Growth Direct Plan, aiming to capitalize on the rising demand in the healthcare and wellness sector by investing in companies focused on pharmaceuticals, diagnostics, and lifestyle improvement. ICICI Prudential's Nifty Top 15 Equal Weight Index Fund – Growth Direct Plan offers exposure to India's top 15 blue-chip companies with an equal-weight strategy, providing balanced diversification and reduced concentration risk. Meanwhile, Groww AMC has launched the Nifty India Internet ETF FoF – Growth Direct Plan, targeting the booming digital and internet-based economy by investing in sectors such as e-commerce, fintech, and technology services. These NFOs present attractive opportunities for investors looking to diversify their portfolios with sector-focused and growth-oriented strategies. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Time of India
12-06-2025
- Business
- Time of India
Making Will for succession: What is a probate will and how does it help in succession of estate?
What is a probate to a Will? Is probate compulsory even if a Will is valid? 5 benefits of having a probate Will Court authentication: Validates the will and reduces the chance of forgery or challenge Validates the will and reduces the chance of forgery or challenge Eases asset transfer: Institutions like banks, mutual funds, and real estate registrars accept probated wills more readily Institutions like banks, mutual funds, and real estate registrars accept probated wills more readily Clarity for heirs: Prevents ambiguity and reduces chances of legal disputes Prevents ambiguity and reduces chances of legal disputes Executor empowerment: Provides a clear mandate for executors to carry out asset division Provides a clear mandate for executors to carry out asset division Essential for NRIs and HNIs: Especially helpful for families with international or cross-state property holdings When should you consider probate? You own immovable property in Mumbai, Chennai, or Kolkata Your estate involves multiple heirs or complex family relationships There is no nominee in major assets like FDs, mutual funds, or demat accounts You expect any challenge or contestation to your will You have cross-border or pan-India assets (NRI, HNI, or business family) What happens if you don't have a probate Will? Drafting a Will is one of the simplest forms of succession planning , which can help many Indian families from succession related a simple Will, while useful, may not always be enough, especially when it comes to real estate especially in big cities like Mumbai, Kolkata, or Chennai, or when multiple legal heirs are involved. This is where probate of a Will comes to the rescue of legal heirs as it helps significantly in smooth transfer of inheritance to intended legal basic shortcoming which a simple Will has that there is no way it can prove for itself about its authenticity. This is where it is challenged in court by people who are unwilling to accept its authenticity. To cure this flaw, wonder the Indian law, a probate of Will is done, which is a judicial certification of a Will's authenticity, issued by a court. It not only strengthens the legal standing of the Will but is mandatory in certain jurisdictions. Once probate is granted, it acts as conclusive proof of the executor's right to distribute the assets according to the confusion persists: Is probate always needed? What is the extra benefit if the Will is already clear?"Getting a Will probated means obtaining a court's certification that the Will is valid andgenuine, allowing the executor to legally administer and distribute the deceased's estate. It provides legal certainty to beneficiaries and ensures the Will is carried out as intended," says Sreepriya NS, co-founder and director of Entrust Family estate values grow and family structures become more complex, understanding how a probate Will streamlines succession is more relevant than ever, for both legal clarity and peace of the years, writing a Will has been seen as a smart and responsible way to plan for succession. But in India, simply drafting a Will may not always guarantee that your assets will transfer smoothly to your heirs. In fact, in several parts of the country, and especially when dealing with immovable property, a probate Will can offer a much stronger legal cities like Mumbai, Chennai, and Kolkata, probate isn't just a formality, it's a legal requirement. However, awareness around what is a probate Will and why it may be necessary, is limited among most Indian families."Probate is mandatory for Hindus, Jains, Sikhs and Buddhists, when a Will includes immovable property located in Chennai, Kolkata and Mumbai or if the Will is executed in these cities. This is because these cities are still considered presidency towns from colonial times, and the law under the Indian Succession Act continues totreat them differently," says Nikhil Varghese, Co-founder of Yellow, a digital will-making app. For other parts of India, probate is optional but still beneficial in many Gaggar, Partner, Cyril Amarchand Mangaldas concurs, "Probate is required in some Indian cities, by which court authenticates validity of the Will and grants administration of estate to executor; and for the executor or beneficiary to establish their right under the Will before a court of law. Historically, the English probate practice was applied to specific notified areas in the presidency towns of Calcutta, Madras and Bombay. Under the present-day Indian Succession Act, this continues to apply to areas which fall within the original civil jurisdiction of the High Courts at Kolkata, Chennai or Mumbai."If the estate is modest, heirs are in agreement, and assets are already nominated, a basic Will may be enough. However, many Indians today hold multiple assets across states, deal in real estate, or face complex family structures, where a simple Will may not stand up to Desai, partner and co-founder of The Fort Circle, a legal advisory firm, echoes "Although obtaining a Probate is mandatory only in the jurisdictions of the former Presidency Towns-namely Kolkata, Mumbai, and Chennai-this does not imply that a Will is automatically deemed valid in other parts of India. A Will executed outside these areas must still be proved to be valid if its authenticity is challenged, typically through a suit filed before a competent court."A family with complex asset mix needs a probated Will more than others. "In India, probate has become a key estate planning tool, especially for families with complex assets. It ensures Wills are legally sound, reducing disputes. Advisors recommend drafting Wills with probate in mind, particularly in cities like Mumbai, Chennai, and Kolkata, where it's often required. This promotes transparency, clarity, and smooth succession. Proactive probate use enhances enforceability, lowers litigation risks, and simplifies estate administration," says Shraddha Nileshwar, Vertical Head for Will & Estate Planning at 1 Finance, a financial advisory where it isn't mandatory, a probate-backed Will has several key advantages, some of which are discussed below:Many are now opting for comprehensive succession plans that combine Wills, trusts, and probate filings, particularly in joint families or NRI households. Probate also acts as a legal shield when estate distribution might otherwise be companies also help clients navigate the court process of obtaining probate, ensuring documents are in order, notifications are issued, and follow-ups are handled without burdening the obtain probate, the executor or legal heir must submit an application to the court, along with documents such as the original Will, the death certificate, identity proof, and details of heirs. The court invites objections, and if uncontested, issues the probate should seriously consider probate in the following scenarios:In such cases, probate is more than a legal formality, it becomes your estate's strongest protection the absence of probate, banks and land registrars often refuse to transfer ownership or release funds, even if there is a Will. This can lead to legal delays and emotional distress for the surviving family can often lead to financial loss as well. "A 2022 India Wealth Report notes 35% of families without probate face disputes, losing 3-8% of estate value. With 40% of high-net-worth families now using probate, a 15% rise since 2019, it minimizes delays and ensures efficient wealth transfer for complex estates, says Shraddha delay in accessing the asset will have financial implications for the legal heirs. "The pendency of cases in Indian courts can and in fact do significantly delay the grant of probates/ letters of administration of wills, impacting the process of administering estates and distributing assets in accordance with a Will. This delay can arise from several factors, including the vast number of pending cases, limited judicial resources, and the complexities of legal proceedings per se. Proving a will in court of law can be an arduous task, particularly if it's contested. The process requires demonstrating the Will's validity, including the testator's capacity, due execution, and the absence of undue influence or suspicious circumstances," says Tahira Karanjawala, Partner at Karanjawala & Desai gives an example of a situation where asset transfer became difficult because a simple Will wasn't probated. "Often there are delays in transfer of flats in a Co-operative housing society in the absence of a Probate. For example, if a flat is owned by X and, under X's Will, the flat is bequeathed to one legal heir to the exclusion of others, the society refuses to transfer the flat to the named beneficiary unless the Will is proven valid through by a competent court by issuing a Probate. This is because housing societies prefer to avoid being drawn into potential legal disputes that may arise if other legal heirs challenge the Will."
Yahoo
11-06-2025
- Business
- Yahoo
HNI Q1 Earnings Call: Margin Expansion and Growth Initiatives Offset Demand Volatility
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 2% year on year to $599.8 million. Its non-GAAP profit of $0.44 per share was 29.4% above analysts' consensus estimates. Is now the time to buy HNI? Find out in our full research report (it's free). Revenue: $599.8 million vs analyst estimates of $580.5 million (2% year-on-year growth, 3.3% beat) Adjusted EPS: $0.44 vs analyst estimates of $0.34 (29.4% beat) Adjusted EBITDA: $55.8 million vs analyst estimates of $54.09 million (9.3% margin, 3.2% beat) Market Capitalization: $2.25 billion HNI's first quarter results reflected revenue growth across both of its primary segments, with management attributing performance to incremental productivity gains, synergy capture, and improved volume in Residential Building Products. CEO Jeff Lorenger noted that Workplace Furnishings revenue was supported by large contract projects, even as small and medium business (SMB) activity remained soft due to macroeconomic uncertainty. Segment profitability was affected by a shift in business mix, as higher-discount contract projects diluted margins, while Residential Building Products delivered improved profitability through strong remodel-retrofit activity and operational efficiencies. Lorenger stated, 'The consistently strong profit margins in this segment are evidence of the business' unmatched price point breadth and channel reach, along with the benefits of its vertically integrated business model.' Looking ahead, management expects continued earnings improvement, emphasizing ongoing investments in growth initiatives and operational transformation. Lorenger highlighted that the company maintains its outlook for double-digit non-GAAP earnings growth in 2025, with visibility into further gains in 2026 driven by synergy initiatives and the ramp-up of HNI's Mexico facility. However, the team remains cautious about potential demand volatility, citing tariff uncertainty and inflation as near-term risks. CFO VP Berger added, 'We expect temporary price cost pressure related to tariffs,' but expressed confidence that pricing actions and supply chain flexibility would help offset these headwinds. Management reiterated its commitment to investing in new products and customer awareness programs to support revenue growth in both business segments. Management attributed the quarter's performance to operational efficiencies, synergy realization, and targeted investments, while noting that revenue growth was uneven across customer segments and market conditions remained unpredictable. Residential Building Products momentum: The segment benefited from robust remodel-retrofit activity, which management linked to homeowners' willingness to invest in existing properties despite challenging housing market dynamics. Lorenger specifically cited 'solid year-on-year revenue growth' and margin expansion as evidence of successful execution in this business. Workplace Furnishings segment mix shift: Revenue from large contract projects increased, but management acknowledged these carry higher discounts, which diluted segment profit margins. The team clarified that this was due to project mix rather than increased competitive pricing pressure. SMB softness persists: Orders from small and medium-sized business customers declined 5% year-over-year, with management attributing this to macroeconomic uncertainty and the segment's sensitivity to rapid changes in business sentiment. However, they noted a slight improvement in order trends as the quarter progressed. Synergy and productivity gains: HNI continued to realize benefits from its KII acquisition and operational transformation efforts, driving non-GAAP margin expansion and supporting higher earnings visibility. Management emphasized these initiatives as core to its ongoing margin improvement strategy. Tariff and inflation impact: Management identified tariffs and rising inflation expectations as key sources of short-term demand volatility and margin pressure, particularly in the Workplace Furnishings segment. The company is addressing these challenges through pricing actions, surcharges, and supply chain adjustments. HNI's outlook for the rest of the year is shaped by demand volatility, ongoing tariff risks, and a focus on growth investments and operational efficiency. Growth initiatives and product launches: Management intends to drive revenue gains through new product development, increased customer awareness campaigns, and strengthened builder relationships. Lorenger pointed to targeted investment in both Workplace Furnishings and Residential Building Products as drivers of long-term revenue growth. Tariff and supply chain management: The company expects temporary margin pressure from tariffs but believes that pricing actions (including surcharges and list price adjustments) and supply chain flexibility will offset most of the impact by year-end. Berger noted that supply chain resiliency allows HNI to navigate shifting tariff environments without significant constraints. Order and backlog trends: Leading indicators such as a 19% year-over-year increase in Workplace Furnishings backlog and ongoing strength in Residential Building Products remodel-retrofit orders support management's expectation for continued revenue growth, though overall market recovery in housing and SMB sectors is expected to remain slow. As we monitor HNI in the coming quarters, the StockStory team will focus on (1) progress in capturing further KII and Mexico facility synergies, (2) the effectiveness of pricing actions and supply chain strategies in offsetting tariff-related margin pressure, and (3) signs of sustained order momentum in both contract and SMB segments. Additionally, we will track the success of new product introductions and customer engagement initiatives as indicators of the company's ability to drive organic growth amid persistent market challenges. HNI currently trades at a forward P/E ratio of 13.7×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
