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HNI ( (HNI) ) has provided an update.
On September 5, 2025, HNI Corporation entered into a Credit Agreement with several financial institutions, including Wells Fargo and JPMorgan Chase, to establish a senior secured revolving credit facility and term loan facilities. These facilities, amounting to a total of up to $1.725 billion, are intended to support HNI’s proposed merger with Steelcase Inc., a Michigan corporation. The agreement outlines specific terms for borrowing, repayment, and interest rates, and includes customary covenants and events of default. The credit facilities are structured to facilitate the merger process, repay existing debts, and cover associated fees and expenses, thereby potentially enhancing HNI’s strategic positioning in the market.
The most recent analyst rating on (HNI) stock is a Buy with a $50.00 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 overall stock score reflects strong financial performance and strategic corporate events, such as the merger with Steelcase Inc. and leadership changes. However, technical indicators suggest caution due to potential bearish momentum. The company’s valuation and positive earnings call outlook further support a stable investment case.
To see Spark’s full report on HNI stock, click here.
More about HNI
Average Trading Volume: 536,892
Technical Sentiment Signal: Hold
Current Market Cap: $2.12B
For a thorough assessment of HNI stock, go to TipRanks’ Stock Analysis page.