Sidoti Csr Predicts Reduced Earnings for Hooker Furnishings

Hooker Furnishings Co. (NASDAQ:HOFT) – Research analysts at Sidoti Csr decreased their FY2025 earnings per share (EPS) estimates for Hooker Furnishings in a report issued on Monday, January 27th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings of ($0.44) per share for the year, down from their prior estimate of ($0.37). The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.37) per share.

Separately, StockNews.com upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

Hooker Furnishings Trading Down 2.1 %

HOFT opened at $13.27 on Wednesday. The company has a fifty day moving average of $15.28 and a two-hundred day moving average of $15.89. Hooker Furnishings has a fifty-two week low of $12.74 and a fifty-two week high of $25.80. The company has a quick ratio of 1.76, a current ratio of 3.16 and a debt-to-equity ratio of 0.10.

Hooker Furnishings (NASDAQ:HOFT) last posted its earnings results on Thursday, December 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.22). Hooker Furnishings had a negative net margin of 2.46% and a negative return on equity of 3.51%.

Institutional Trading of Hooker Furnishings

A number of institutional investors have recently made changes to their positions in HOFT. Copeland Capital Management LLC purchased a new position in Hooker Furnishings in the 3rd quarter valued at $37,000. Baron Wealth Management LLC acquired a new position in Hooker Furnishings during the third quarter worth about $215,000. Barclays PLC grew its stake in Hooker Furnishings by 270.4% during the 3rd quarter. Barclays PLC now owns 15,463 shares of the company’s stock valued at $279,000 after acquiring an additional 11,288 shares in the last quarter. HighTower Advisors LLC raised its holdings in Hooker Furnishings by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock valued at $344,000 after acquiring an additional 3,966 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its stake in Hooker Furnishings by 131.1% in the 3rd quarter. Marquette Asset Management LLC now owns 19,648 shares of the company’s stock worth $355,000 after purchasing an additional 11,145 shares in the last quarter. 73.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hooker Furnishings news, Director Paulette Garafalo sold 2,489 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $17.10, for a total transaction of $42,561.90. Following the completion of the sale, the director now directly owns 20,783 shares in the company, valued at approximately $355,389.30. The trade was a 10.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Hooker Furnishings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend was Friday, December 13th. Hooker Furnishings’s payout ratio is presently -101.10%.

About Hooker Furnishings

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.