Hooker Furnishings Corp. (NASDAQ:HOFT – Free Report) – Equities research analysts at Sidoti lowered their FY2027 earnings per share (EPS) estimates for shares of Hooker Furnishings in a research note issued to investors on Friday, April 17th. Sidoti analyst A. Lebiedzinski now expects that the company will earn $0.70 per share for the year, down from their previous forecast of $0.76. The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.70 per share. Sidoti also issued estimates for Hooker Furnishings’ Q4 2027 earnings at $0.40 EPS, Q1 2028 earnings at $0.17 EPS, Q2 2028 earnings at $0.15 EPS, Q3 2028 earnings at $0.50 EPS and Q4 2028 earnings at $0.51 EPS.
Several other equities analysts also recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Hooker Furnishings in a research report on Thursday, January 22nd. Wall Street Zen raised Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research raised Hooker Furnishings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.
Hooker Furnishings Stock Up 2.5%
Shares of HOFT opened at $12.94 on Monday. The stock has a market capitalization of $139.49 million, a price-to-earnings ratio of -5.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.34. Hooker Furnishings has a 1 year low of $8.46 and a 1 year high of $15.99. The business’s 50 day simple moving average is $13.47 and its 200-day simple moving average is $11.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.67 and a quick ratio of 1.35.
Hooker Furnishings (NASDAQ:HOFT – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $66.98 million for the quarter, compared to analysts’ expectations of $74.89 million. Hooker Furnishings had a negative return on equity of 0.69% and a negative net margin of 8.84%.
Hooker Furnishings Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.46 annualized dividend and a dividend yield of 3.6%. Hooker Furnishings’s payout ratio is currently -18.11%.
Hedge Funds Weigh In On Hooker Furnishings
Several large investors have recently modified their holdings of HOFT. Cerity Partners LLC bought a new position in Hooker Furnishings in the 4th quarter valued at $117,000. Osaic Holdings Inc. grew its position in Hooker Furnishings by 940.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,400 shares of the company’s stock valued at $110,000 after acquiring an additional 9,400 shares during the last quarter. LPL Financial LLC grew its position in Hooker Furnishings by 16.6% in the 4th quarter. LPL Financial LLC now owns 11,684 shares of the company’s stock valued at $132,000 after acquiring an additional 1,660 shares during the last quarter. Strs Ohio bought a new position in Hooker Furnishings in the 1st quarter valued at $124,000. Finally, Jane Street Group LLC bought a new position in Hooker Furnishings in the 1st quarter valued at $146,000. Institutional investors own 73.60% of the company’s stock.
Hooker Furnishings Company Profile
Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.
The company’s operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.
See Also
Receive News & Ratings for Hooker Furnishings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furnishings and related companies with MarketBeat.com's FREE daily email newsletter.
