Hooker Furnishings Corp. (NASDAQ:HOFT – Free Report) – Investment analysts at Sidoti lifted their Q2 2027 earnings estimates for shares of Hooker Furnishings in a research note issued on Friday, June 12th. Sidoti analyst A. Lebiedzinski now forecasts that the company will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.09). The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.67 per share. Sidoti also issued estimates for Hooker Furnishings’ FY2027 earnings at $0.82 EPS.
A number of other equities research analysts have also recently commented on the stock. Wall Street Zen raised shares of Hooker Furnishings from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, Zacks Research raised shares of Hooker Furnishings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.
Hooker Furnishings Trading Up 4.6%
NASDAQ:HOFT opened at $16.05 on Tuesday. Hooker Furnishings has a 52 week low of $8.61 and a 52 week high of $16.41. The firm has a 50 day moving average of $13.13 and a 200 day moving average of $12.75. The company has a quick ratio of 1.60, a current ratio of 3.37 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $173.02 million, a price-to-earnings ratio of -7.47, a PEG ratio of 1.64 and a beta of 1.20.
Hooker Furnishings (NASDAQ:HOFT – Get Free Report) last announced its quarterly earnings results on Thursday, June 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.17. Hooker Furnishings had a negative net margin of 7.90% and a positive return on equity of 1.59%. The firm had revenue of $69.45 million during the quarter, compared to analysts’ expectations of $66.31 million.
Hooker Furnishings Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 19th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.46 dividend on an annualized basis and a yield of 2.9%. Hooker Furnishings’s dividend payout ratio is presently -21.40%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of HOFT. Empowered Funds LLC increased its stake in Hooker Furnishings by 7.2% during the 1st quarter. Empowered Funds LLC now owns 55,319 shares of the company’s stock valued at $555,000 after purchasing an additional 3,696 shares in the last quarter. Jane Street Group LLC acquired a new position in Hooker Furnishings during the 1st quarter valued at approximately $146,000. Strs Ohio acquired a new position in Hooker Furnishings during the 1st quarter valued at approximately $124,000. Marshall Wace LLP acquired a new position in Hooker Furnishings during the 2nd quarter valued at approximately $495,000. Finally, Jump Financial LLC acquired a new position in Hooker Furnishings during the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 73.60% of the company’s stock.
About Hooker Furnishings
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.
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