HNI Announces Merger Agreement with Steelcase Inc.

HNI ( (HNI) ) has issued an update.

On August 3, 2025, HNI Corporation announced a merger agreement to acquire Steelcase Inc. in a cash and stock transaction valued at approximately $2.2 billion. This strategic acquisition aims to combine the complementary brand portfolios, dealer networks, and industry segments of both companies to enhance customer reach and accelerate strategic initiatives. The merger is expected to create a combined company with a strong financial profile, including pro forma annual revenue of approximately $5.8 billion and annual run-rate synergies of $120 million. The transaction is anticipated to close by the end of 2025, pending shareholder and regulatory approvals.

The most recent analyst rating on (HNI) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on HNI stock, see the HNI Stock Forecast page.

Spark’s Take on HNI Stock

According to Spark, TipRanks’ AI Analyst, HNI is a Outperform.

HNI’s strong earnings performance and positive corporate events are the most significant factors in its overall stock score, supported by solid financial fundamentals and reasonable valuation. Technical indicators suggest bullish momentum but warrant cautious monitoring for overbought conditions.

To see Spark’s full report on HNI stock, click here.

More about HNI

HNI Corporation is a manufacturer of workplace furnishings and residential building products, operating under two segments: Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, while the Residential Building Products segment is the nation’s leading manufacturer and marketer of hearth products, including fireplaces, inserts, stoves, and accessories.

Average Trading Volume: 300,133

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.32B

See more insights into HNI stock on TipRanks’ Stock Analysis page.