HNI (NYSE:HNI) Stock, Quote.Headers.trade-ideas

HNI Corp is a provider of office furniture and hearth products. The company generates the bulk of its revenue from its workplace furnishing, which consists of panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. These products are sold through a national system of dealers, wholesalers, and office product distributors but also directly to end-user customers and federal, state, and local governments. Residential building products include a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company has operations in the United States, Canada, Mainland China, Hong Kong, India, Mexico, and Taiwan.

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Accenture plc (NYSE: ACN) has seen its stock rise 22% in the past three months, outperforming the industry&#39;s 14.9% growth and the 2.4% uptick in the S&amp;P 500 composite index.

Here&#39;s Why You Should Add Accenture Stock to Your Portfolio

When it comes to short-term investing or trading, they say &#34;the trend is your friend.&#34; And there&#39;s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.

Here&#39;s Why Momentum in HNI Should Keep Going

Price Target

Pre-Market Outlook

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Beat Inflation With These 3 High-Yielding Dividend Stocks In Industrials Sector From Wall Street&#39;s Most Accurate Analysts

HNI Corp

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VSEC

Shares of commercial services and supplies companies are trading higher after Donald Trump won the 2024 presidential election.

HNI shares are trading lower after the company reported worse-than-expected Q3 revenue results.

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $0.98 by 5.1 percent. The company reported quarterly sales of $672.200 million which missed the analyst consensus estimate of $712.629 million by 5.67 percent. This is a 5.54 percent decrease over sales of $711.600 million the same period last year.

Earnings Beats

Earnings Misses

HNI Q3 2024 Adj. EPS $1.03 Beats $0.98 Estimate, Sales $672.200M Miss $712.629M Estimate

HNI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) announced today Marshall H. Bridges notified the Corporation on September 27, 2024, of his decision to retire as Senior Vice President and Chief Financial Officer (CFO), effective December 28, 2024.
On October 1, 2024, the Board of Directors appointed Vincent Paul (VP) Berger II as Executive Vice President (EVP) and CFO, effective December 29, 2024. Mr. Berger, age 52, is a 27-year HNI member, serving as EVP and President of Hearth and Home Technologies since 2016. Mr. Berger is a certified public accountant and an experienced business executive with more than 30 years of experience in various finance, operational, and leadership roles.
Following his retirement from full-time employment, Mr. Bridges will continue in a part-time role assisting the Corporation with strategic projects focused in the area of artificial intelligence.

HNI Corporation Appoints Vincent Paul Berger II As Executive Vice President And CFO, Effective December 29, 2024; Marshall H. Bridges Notified The Corporation Of His Decision To Retire As Senior Vice President And CFO, Effective December 28, 2024

Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) has seen its stock rise 22% in the past three months, outperforming the industry&#39;s 14.9% growth and the 2.4% uptick in the S&amp;P 500 composite index.
We have a Zacks Rank #2 (Buy) on ACN shares, given the company&#39;s technological prowess, strong cash position, contribution from acquisitions and consistent dividend payouts.
<div class="chart_embed">
<h2>Accenture PLC Price</h2>
<img alt="Accenture PLC Price" src="https://staticx-tuner.zacks.com/images/charts/4f/1726492889.png" style="height:310px; width:600px" title="" />
Accenture PLC price | Accenture PLC Quote
Let&#39;s look at the factors in detail that make the stock an attractive pick.
</div>
<h2>Technology-Based Growth Strategy</h2>
Accenture&#39;s broader growth strategy focuses on delivering comprehensive value to its stakeholders through technology. By focusing on building a digital core with cloud, data, and AI technologies and investing in talent, Accenture is well-positioned for long-term success. We believe this strategy positions Accenture as a trusted partner for its clients and keeps the stock attractive.
<h2>Strong Cash Position</h2>
Accenture had a cash and cash equivalents balance of $5.5 billion at the end of third-quarter fiscal 2024 against a total long-term debt of just $69 million. Cash provided by operating activities was $1 billion and free cash flow came in at $1 million. Accenture generates&nbsp;significant cash from operations&nbsp;and also holds a huge cash balance, management has the flexibility to pursue growth in any areas that exhibit true potential.
This flexibility and technological prowess allowed it to pursue acquisition opportunities in different markets. The company spent $2.5 billion across 25 acquisitions in fiscal 2023.&nbsp;A disciplined acquisition strategy&nbsp;helps ACN channel its business in high-growth areas, adding skills and capabilities, and deepening industry and functional expertise.
<h2>Dividend Spinner</h2>
Commitment to shareholder returns makes ACN a reliable way for investors to compound wealth over the long term. The company paid $2.8 billion, $2.5 billion and $2.2 billion in dividends in 2023, 2022, and 2021, respectively. We are expecting steady income growth, which will translate to steady cash flow, enabling it to pay out stable dividends.
<h2>Other Stocks to Consider</h2>
Investors can look at&nbsp;some other top-ranked stocks like AppLovin&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>), Climb Global Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clmb#NASDAQ">CLMB</a>), and HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>).
APP currently sports a Zacks Rank of 1 (Strong Buy). The company has a long-term earnings growth expectation of 20%. APP delivered a trailing four-quarter earnings surprise of 21.1%, on average.
Climb Global Solutions flaunts a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 11%. CLMB delivered a trailing four-quarter earnings surprise of 25.2%, on average.
HNI sports a Zacks Rank #1 at present. It has a long-term earnings growth expectation of 12%. HNI delivered a trailing four-quarter earnings surprise of 51.3%, on average.
<a href="https://www.zacks.com/stock/news/2336610/here-s-why-you-should-add-accenture-stock-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336610">To read this article on Zacks.com click here.</a>

Here's Why You Should Add Accenture Stock to Your Portfolio

Benchmark analyst Reuben Garner maintains HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy and raises the price target from $57 to $63.

Benchmark Maintains Buy on HNI, Raises Price Target to $63

HNI shares are trading higher after the company reported better-than-expected Q2 earnings.

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.61 by 29.51 percent. This is a 43.64 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $623.70 million which missed the analyst consensus estimate of $637.82 million by 2.21 percent. This is a 10.68 percent increase over sales of $563.50 million the same period last year.

HNI Q2 Adj $0.79 Beats $0.61 Estimate, Sales $623.70M Miss $637.82M Estimate

When it comes to short-term investing or trading, they say &quot;the trend is your friend.&quot; And there&#39;s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and HNI (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. HNI is quite a good fit in this regard, gaining 13.8% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 9.3% over the past four weeks ensures that the trend is still in place for the stock of this maker of office furniture and fireplaces.
Moreover, HNI is currently trading at 92.8% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in HNI may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2305858/here-s-why-momentum-in-hni-hni-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2305858">To read this article on Zacks.com click here.</a>

Here's Why Momentum in HNI Should Keep Going

Benchmark analyst Reuben Garner maintains HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy and raises the price target from $54 to $57.

Benchmark Maintains Buy on HNI, Raises Price Target to $57

HNI Expects Hickory Plant Closure To Impact Approximately 200 Production And Operations Members

HNI plans to consolidate production into its other North American facilities.&nbsp;HNI estimates the consolidation will save approximately&nbsp;$11 million&nbsp;annually once fully mature in 2026. Savings realized in 2025 are expected to be&nbsp;$8&nbsp;to&nbsp;$9 million.&nbsp;
HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated&nbsp;$10.3 million&nbsp;in 2024 and 2025, including&nbsp;$1.5 million&nbsp;of non-cash charges. The following table lists the estimated composition and timing of these charges:

HNI Plans To Close Its Hickory, North Carolina, Manufacturing Plant During H1 Of 2025

Benchmark analyst Reuben Garner maintains HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) with a Buy and raises the price target from $50 to $54.

Benchmark Maintains Buy on HNI, Raises Price Target to $54

<h3>Gainers</h3>
<ul>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) shares rose 17.2% to $3.89 during Monday's pre-market session. The company's market cap stands at $74.3 million. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) stock moved upwards by 10.38% to $0.07. The market value of their outstanding shares is at $4.4 million. </li>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) stock moved upwards by 7.58% to $6.95. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) shares increased by 7.5% to $0.31. The market value of their outstanding shares is at $9.1 million. </li>
<li>HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) stock rose 5.88% to $45.0. The market value of their outstanding shares is at $2.1 billion. As per the press release, Q1 earnings came out today. </li>
<li>Air Industries (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIRI#AMEX">AIRI</a>) stock increased by 5.69% to $6.5. The company's market cap stands at $21.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) shares declined by 7.1% to $11.2 during Monday's pre-market session. The company's market cap stands at $153.1 million. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock fell 6.36% to $0.88. The market value of their outstanding shares is at $23.1 million. </li>
<li>Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) stock fell 6.33% to $0.93. The company's market cap stands at $2.2 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) stock declined by 5.99% to $1.1. The market value of their outstanding shares is at $41.8 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) stock declined by 5.97% to $0.86. The company's market cap stands at $35.4 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares decreased by 5.87% to $0.42. The company's market cap stands at $43.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AIRI

AULT

ENVX

FRGT

KSCP

MESA

NMHI

PEGY

PESI

RYDE

VCIG

12 Industrials Stocks Moving In Monday's Pre-Market Session

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.18 by 105.56 percent. This is a 184.62 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $588.00 million which beat the analyst consensus estimate of $574.56 million by 2.34 percent. This is a 22.73 percent increase over sales of $479.10 million the same period last year.

HNI Q1 Adj $0.37 Beats $0.18 Estimate, Sales $588.00M Beat $574.56M Estimate

By the end of today, March 06, 2024, HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) is set to deliver a dividend payout of $0.32 per share, equating to an annualized dividend yield of 2.97%. Shareholders who owned the stock prior to the ex-dividend date on February 23, 2024 will receive this payout.
<h3>HNI Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-23</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>2.97%</td>
<td>2024-02-13</td>
<td>2024-02-26</td>
<td>2024-03-06</td>
</tr>
<tr>
<td>2023-11-17</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>3.36%</td>
<td>2023-11-08</td>
<td>2023-11-20</td>
<td>2023-12-01</td>
</tr>
<tr>
<td>2023-08-24</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>3.91%</td>
<td>2023-08-15</td>
<td>2023-08-25</td>
<td>2023-09-08</td>
</tr>
<tr>
<td>2023-06-08</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.62%</td>
<td>2023-05-15</td>
<td>2023-06-09</td>
<td>2023-06-23</td>
</tr>
<tr>
<td>2023-02-24</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.04%</td>
<td>2023-02-14</td>
<td>2023-02-27</td>
<td>2023-03-08</td>
</tr>
<tr>
<td>2022-11-18</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>4.45%</td>
<td>2022-11-09</td>
<td>2022-11-21</td>
<td>2022-12-01</td>
</tr>
<tr>
<td>2022-08-25</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>3.56%</td>
<td>2022-08-16</td>
<td>2022-08-26</td>
<td>2022-09-08</td>
</tr>
<tr>
<td>2022-05-26</td>
<td style="text-align: right;">4</td>
<td>$0.32</td>
<td>3.53%</td>
<td>2022-05-16</td>
<td>2022-05-27</td>
<td>2022-06-08</td>
</tr>
<tr>
<td>2022-02-25</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>2.94%</td>
<td>2022-02-15</td>
<td>2022-02-28</td>
<td>2022-03-07</td>
</tr>
<tr>
<td>2021-11-19</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>3.08%</td>
<td>2021-11-11</td>
<td>2021-11-22</td>
<td>2021-12-01</td>
</tr>
<tr>
<td>2021-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>3.23%</td>
<td>2021-08-10</td>
<td>2021-08-20</td>
<td>2021-09-01</td>
</tr>
<tr>
<td>2021-05-20</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>2.79%</td>
<td>2021-05-10</td>
<td>2021-05-21</td>
<td>2021-06-01</td>
</tr>
</tbody>
</table>
HNI's dividend yield falls in the middle range when compared to its industry peers, with ARC Document Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARC#NYSE">ARC</a>) having the highest annualized dividend yield at 7.58%.
<h3>Analyzing HNI Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709737520_0.png" alt="dividend chart graph" />
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $1.22 to $1.28, indicating the company's dedication to enhancing shareholder value through increased dividends.
<h3>YoY Earnings Growth For HNI</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709737520_1.png" alt="earning chart graph" />
Investors can observe a decrease in HNI's earnings per share from $2.24 in 2020 to $2.24 in 2023. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
<h3>Recap</h3>
This article takes an in-depth look at HNI's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.32 per share today, translating to an annualized dividend yield of 2.97%.
HNI's dividend yield falls in the middle range when compared to its industry peers, with ARC Document Solutions having the highest annualized dividend yield at 7.58%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, HNI seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[See current stock movements HNI on Benzinga.](https://www.benzinga.com/quote/HNI (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating Challenges and Investor Rewards: HNI Ensures Steady Distribution amidst Changing Profits

Kimball International solidly accretive; estimated synergies move higher.&nbsp;Kimball International (&quot;KII&quot;) added approximately&nbsp;$16 million&nbsp;to&nbsp;fourth quarter&nbsp;operating profit while generating an operating profit margin of approximately&nbsp;11 percent. KII also added an estimated&nbsp;$0.07&nbsp;to&nbsp;fourth quarter&nbsp;non-GAAP EPS. The Corporation now expects to achieve total annual cost synergies of&nbsp;$35 million. This is up from previous expectations of at least&nbsp;$25 million, which is now expected to be achieved in 2024&mdash;well ahead of the initially

Guidance

HNI Expects Kimball International To Add $215M To $225M Of Incremental Revenue To 2024 And Be Solidly Accretive To Earnings

HNI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HNI#NYSE">HNI</a>) reported quarterly adjusted earnings of $0.98 per share which beat the analyst consensus estimate of $0.82 by 19.51 percent. This is a 55.56 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $679.80 million which missed the analyst consensus estimate of $684.85 million by 0.74 percent. This is a 19.49 percent increase over sales of $568.90 million the same period last year.

HNI Q4 Adj. EPS $0.98 Beats $0.82 Estimate, Sales $679.80M Miss $684.85M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3>HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>)</h3>
<ul>
<li>Dividend Yield: 3.03%</li>
<li>Benchmark analyst Reuben Garner maintained a Buy rating and boosted the price target from $36 to $45 on Aug. 9, 2023. This analyst has an accuracy rate of 84%.</li>
<li>Sidoti &amp; Co. analyst Gregory Burns upgraded the stock from Neutral to Buy with a price target of $34 on March 9, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: HNI reported better-than-expected third-quarter earnings.</li>
</ul>
<h3>Stanley Black &amp; Decker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.40%</li>
<li>JP Morgan analyst Michael Rehaut downgraded the stock from Neutral to Underweight with a price target of $89 on Dec. 14, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and slashed the price target from $120 to $105 on Oct. 30, 2023. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: Stanley Black &amp; Decker, during October, reported a third-quarter FY23 sales decline of 4.1% year-on-year to $3.953 billion, missing the analyst consensus estimate of $3.965 billion.</li>
</ul>
<h3>Resources Connection, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgp#NASDAQ">RGP</a>)</h3>
<ul>
<li>Dividend Yield: 4.14%</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight rating and cut the price target from $16 to $14 on Oct. 5, 2023. This analyst has an accuracy rate of 81%.</li>
<li>Baird analyst Mark Marcon maintained a Neutral rating on the stock and cut the price target from $21 to $18 on April 5, 2023. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: Resources Connection posted better-than-expected results for its second quarter.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/01/36860394/alphabet-boeing-and-3-stocks-to-watch-heading-into-wednesday"> Alphabet, Boeing And 3 Stocks To Watch Heading Into Wednesday</a>

Beat Inflation With These 3 High-Yielding Dividend Stocks In Industrials Sector From Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3>HNI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hni#NYSE">HNI</a>)</h3>
<ul>
<li>Dividend Yield: 3.03%</li>
<li>Benchmark analyst Reuben Garner maintained a Buy rating and raised the price target from $36 to $45 on Aug. 9, 2023. This analyst has an accuracy rate of 81%.</li>
<li>Sidoti &amp; Co. analyst Gregory Burns upgraded the stock from Neutral to Buy with a price target of $34 on March 9, 2023. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Oct. 31, HNI reported better-than-expected third-quarter earnings.</li>
</ul>
<h3>Copa Holdings, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>)</h3>
<ul>
<li>Dividend Yield: 3.08%</li>
<li>Raymond James analyst Savanthi Syth maintained a Strong Buy rating and raised the price target from $152 to $155 on Nov. 17, 2023. This analyst has an accuracy rate of 66%.</li>
<li>HSBC analyst Alexandre Falcao maintained a Buy rating and cut the price target from $143 to $138 on June 13, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: Copa Holdings said capacity (ASMs) rose by 11.9% for November, while system-wide passenger traffic (RPMs) surged by 12.4% versus 2022.</li>
</ul>
<h3>MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>)</h3>
<ul>
<li>Dividend Yield: 3.25%</li>
<li>Loop Capital analyst Chris Dankert upgraded the stock from Hold to Buy and raised the price target from $96 to $124 on Oct. 9, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Baird analyst David Manthey maintained an Outperform rating and boosted the price target from $104 to $110 on June 30, 2023. This analyst has an accuracy rate of 83%.</li>
<li>Recent News: On Oct. 25, MSC Industrial Direct reported fourth-quarter FY23 sales growth of 1.3% year-on-year to $1.035 billion, beating the analyst consensus estimate of $1.01 billion.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36393434/how-to-earn-500-a-month-from-apple-stock"> How To Earn $500 A Month From Apple Stock</a>

Long Ideas

Wall Street's Most Accurate Analysts Say Buy These 3 Industrials Stocks With Over 3% Dividend Yields

HNI Corporation Non-GAAP EPS of $1.03 beats by $0.05, revenue of $672.2M misses by $40.55M

The company said, "For the full year, non-GAAP EPS is expected to increase at a rate of 10 percent or more for the third consecutive year, driven b...

HNI Corporation sees FY24 EPS up at least 10%

For the fourth quarter of 2024, Workplace Furnishings net sales are expected to decrease at a low-to-mid single-digit rate year-over-year. This new...

HNI Corporation sees Q4 EPS up year-over-year

Reports Q3 revenue $672.2M, consensus $712.63M. The company said, "Our members delivered another quarter of strong profit growth. We continue to sh...

HNI Corporation reports Q3 EPS $1.03, consensus 98c

HNI Corporation (HNI) Q3 2024 Earnings Call Transcript

With the increased personal consumption expenditure and favorable financial market, the consumer discretionary sector is flourishing. Hence, it could be ideal to buy high-growth consumer discretionary stocks Burlington Stores (BURL), HNI Corporation (HNI), and American Outdoor Brands (AOUT) for potential returns. Read more... Optimistic economic outlook, recent interest rate cuts, and increasing consumer confidence have strongly fueled consumer spending. Also, a buoyant job market has strengthened consumer spending power and disposable income scale, indicating further growth in consumption.
Therefore, it could be the right time to invest in solid consumer discretionary stocks Burlington Stores, Inc. (<a href="https://stocknews.com/stock/BURL/">BURL</a>), HNI Corporation (<a href="https://stocknews.com/stock/HNI/">HNI</a>), and American Outdoor Brands, Inc. (<a href="https://stocknews.com/stock/AOUT/">AOUT</a>), having high growth potential.
Amid signs of moderating inflation and optimistic economic growth, the <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html">Federal Open Market Committee lowered</a> its key overnight borrowing rate by a half percentage point or 50 basis points. The decision slashed the federal funds rate to a range between 4.75% - 5%. The rate benefits many consumer products such as mortgages, auto loans, and credit cards.
This much-anticipated rate cut further strengthens consumer spending power and boosts the economy. During the second quarter of 2024, <a href="https://www.usbank.com/investing/financial-perspectives/market-news/consumer-spending.html#:~:text=In%202024%2C%20personal%20consumption%20expenditures,%241%20trillion%2C%20a%20record%20threshold.">personal consumption expenditures represented around 68%</a> of the U.S. GDP. Another indication of strong spending in the economy is the total U.S. credit card debt, which exceeded $1 trillion this year, setting a record high.
Further, the U.S. Bureau of Labor Statistics reported that the <a href="https://www.bls.gov/news.release/cpi.nr0.htm">Consumer Price Index for All Urban Consumers</a> increased 0.2% on a seasonally adjusted basis in September, at same levels in August and July. On a year-over-year period, <a href="https://www.jpmorgan.com/insights/outlook/economic-outlook/cpi-report-september-2024">CPI rose by 2.4%</a>, slightly higher than expected. This brings the levels closer to the Federal Reserve's target of 2%.
Besides, a solid job market, low unemployment, lower interest rates, and high business investments are supporting consumer spending. In 2024, <a href="https://www2.deloitte.com/us/en/insights/economy/us-economic-forecast/united-states-outlook-analysis.html">real consumer spending is expected to increase by 2.4%</a>, where spending on durable goods will rise by 1.6%, and spending on non-durable goods will be up by 1.7%.
Amid this, consumers are likely to lean and spend on segments like fashion &amp; luxury goods, home improvement and renovation, and recreation. Thus, considering the industry's optimistic outlook, investors could consider investing in fundamentally sound consumer discretionary stocks BURL, HNI, and AOUT.
Burlington Stores, Inc. (<a href="https://stocknews.com/stock/BURL/">BURL</a>)
BURL is a branded merchandise retailer. It offers fashion-focused merchandise, like women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, baby, home, and beauty products. The company operates stores under the Burlington Stores and Cohoes Fashions brand names.
BURL's revenue and EBITDA have grown at respective CAGRs of 7% and 2.2% over the past three years. The company's normalized net income has increased by 1.2% over the same timeframe, while its tangible book value and total assets have improved at CAGRs of 26.2% and 3.8%, respectively.
For the second quarter that ended August 3, 2024, BURL's total revenue increased 13.4% year-over-year to $2.46 billion. The company's adjusted EBITDA grew 43.3% from the year-ago value to $201.84 million. Its adjusted <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> of $77.49 million and $1.20 per share indicates 99.3% and 100% growth from the previous year's quarter, respectively.
Furthermore, the company's total assets were $7.82 billion as of August 3, 2024, compared to $6.91 billion as of July 29, 2023.
For the full fiscal year 2024, the company expects its total sales to increase between 9% and 10% year-over-year, and based on these estimates, comparable store sales are expected to increase in the range of 2% to 3% from the prior year. BURL also plans to open approximately 100 net new stores in the year. Also, its adjusted EPS is set in the range of $7.66 to $7.96.
Analysts expect BURL's revenue and EPS for the third quarter (ending October 2024) to increase 11.5% and 58.2% year-over-year to $2.55 billion and $1.55, respectively. Further, the company has topped consensus EPS and revenue estimates in three of the trailing four quarters.
Shares of BURL have surged 41.5% over the past six months and 116.3% over the past year to close the last trading session at $255.67.
BURL's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Growth. It also has a B grade for Momentum and Quality. BURL is ranked #22 out of 60 stocks in the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
To check POWR Ratings of BURL for Value, Stability, and Sentiment, <a href="https://stocknews.com/stock/BURL/">click here</a>.
HNI Corporation (<a href="https://stocknews.com/stock/HNI/">HNI</a>)
HNI engages in the manufacture, sale, and marketing of workplace furnishings and residential building products internationally. The company operates in two segments: Workplace Furnishings and Residential Building Products. It offers a range of commercial and home office furniture under brands like HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, and HNI India.
HNI's revenue and EBITDA have grown at respective CAGRs of 8.1% and 17.3% over the past three years. The company's EBIT has increased 19.9% over the same timeframe, while its net income and EPS have improved at CAGRs of 10.1% and 6.3%, respectively.
On August 12, HNI's Board of Directors declared a quarterly dividend of $0.33 per share on its common stock. The dividend was paid on September 12, 2024, to shareholders of record at the close of business on August 23, 2024.
HNI pays an annual dividend of $1.32, which translates to a yield of 2.50% at the current share price. Its four-year average dividend yield is 3.46%. Moreover, the company's dividend payouts have increased at a CAGR of 1.9% over the past three years. HNI has raised its dividends for 13 consecutive years.
On May 20, HNI announced it would close its Hickory, North Carolina, manufacturing plant in the first half of 2025 and consolidate its production into other North American facilities. The decision was taken to improve productivity and strengthen operations without sacrificing capacity or creating disruption, and it is likely to benefit customers and trade partners.
HNI's net sales increased 10.7% year-over-year to $623.70 million during the second quarter that ended June 29, 2024. Its non-GAAP gross profit rose 21.6% year-over-year to $261.90 million. The company's non-GAAP operating income grew 52.7% from the year-ago value to $55.90 million.
In addition, non-GAAP net income and EPS came in at $38 million and $0.79, up 57.7% and 43.6% from the previous year's quarter, respectively.
Street expects HNI's revenue for the third quarter (ended September 2024) to increase marginally year-over-year to $712.75 million. Its EPS for the same period is expected to grow 5.1% year-over-year to $0.98. Moreover, the company topped the consensus EPS estimates in each of the trailing four quarters.
HNI's stock has gained 20% over the past six months and 55.1% over the past year to close the last trading session at $52.05.
HNI's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Sentiment and a B grade for Growth and Quality. Within the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry, HNI is ranked #4 of 57 stocks.
<a href="https://stocknews.com/stock/HNI/">Click here</a> to access additional ratings of HNI for Value, Momentum, and Stability.
American Outdoor Brands, Inc. (<a href="https://stocknews.com/stock/AOUT/">AOUT</a>)
AOUT provides outdoor products and accessories for rugged outdoor enthusiasts internationally. The company offers shooting sports accessories products, outdoor lifestyle products, land management tools for hunting preparedness, harvesting products for post-hunt or post-fishing activities, outdoor cooking products, and camping, survival, and emergency preparedness products.
In terms of forward EV/Sales, AOUT is trading at 0.65x, 49.6% lower than the industry average of 1.28x. Likewise, the stock's forward Price/Sales multiple of 0.58 is 38.4% lower than the industry average of 0.95.
During the first quarter that ended July 31, 2024, AOUT reported net sales of $41.64 million, and its non-GAAP gross profit was $19.15 million. The company's non-GAAP operating income rose 640% from the year-ago value to $740 thousand.
Additionally, the company's non-GAAP net income came in at $748 thousand or $0.06 per share, up 663.3% and 500% year-over-year, respectively. Its non-GAAP adjusted EBITDAS increased 76.9% from the prior year period to $1.99 million.
Analysts expect AOUT's revenue and EPS for the third quarter (ending January 2025) to increase 6.3% and 31.3% year-over-year to $56.78 million and $0.11, respectively. Also, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is remarkable.
Over the past six months, the stock has gained 12.4% and 4.7% over the past year to close the last trading session at $9.35.
AOUT's POWR Ratings reflect its bright prospects. The stock has an overall B rating, translating to a Buy in our proprietary rating system.
AOUT has an A grade for Sentiment. The stock also has a B grade for Growth and Value. It has topped among the 34 stocks within the <a href="https://stocknews.com/category/athletics-recreation/">Athletics &amp; Recreation</a> industry.
To see the other ratings of AOUT for Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/AOUT/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
BURL shares were unchanged in after-hours trading Thursday. Year-to-date, BURL has gained 30.03%, versus a 23.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/burl-hni-aout-3-consumer-discretionary-stocks-with-high-growth-potential/>3 Consumer Discretionary Stocks With High Growth Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Consumer Discretionary Stocks With High Growth Potential

HNI Corporation declares $0.33 dividend

Dividend Champion, Contender, And Challenger Highlights: Week Of November 10

Dividend Champion, Contender, And Challenger Highlights: Week Of November 24

AAPL

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