Sidoti Csr Forecasts Lower Earnings for Hooker Furnishings

Hooker Furnishings Co. (NASDAQ:HOFT - Free Report) - Sidoti Csr reduced their FY2025 EPS estimates for shares of Hooker Furnishings in a research note issued on Monday, January 27th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn ($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.

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

Separately, StockNews.com upgraded shares of Hooker Furnishings from a "sell" rating to a "hold" rating in a report on Wednesday, January 8th.

Hooker Furnishings Trading Down 2.3 %

NASDAQ HOFT traded down $0.31 on Wednesday, hitting $12.96. 72,290 shares of the company were exchanged, compared to its average volume of 50,877. Hooker Furnishings has a twelve month low of $12.74 and a twelve month high of $25.80. The company's 50 day moving average price is $15.19 and its 200-day moving average price is $15.87. The firm has a market capitalization of $138.80 million, a P/E ratio of -14.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.16 and a quick ratio of 1.76.

Hedge Funds Weigh In On Hooker Furnishings

Several institutional investors and hedge funds have recently modified their holdings of the stock. Marquette Asset Management LLC grew its stake in Hooker Furnishings by 131.1% in the third quarter. Marquette Asset Management LLC now owns 19,648 shares of the company's stock valued at $355,000 after purchasing an additional 11,145 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Hooker Furnishings by 56.6% in the 3rd quarter. Inspire Advisors LLC now owns 20,534 shares of the company's stock valued at $371,000 after buying an additional 7,422 shares in the last quarter. Copeland Capital Management LLC acquired a new position in Hooker Furnishings in the third quarter worth approximately $37,000. Empowered Funds LLC raised its position in Hooker Furnishings by 5.2% during the third quarter. Empowered Funds LLC now owns 49,188 shares of the company's stock valued at $889,000 after acquiring an additional 2,412 shares in the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in Hooker Furnishings in the third quarter valued at approximately $215,000. 73.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hooker Furnishings

In other Hooker Furnishings news, Director Paulette Garafalo sold 2,489 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $17.10, for a total value of $42,561.90. Following the transaction, the director now owns 20,783 shares in the company, valued at approximately $355,389.30. This represents a 10.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Hooker Furnishings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.10%. Hooker Furnishings's dividend payout ratio is -101.10%.

Hooker Furnishings Company Profile

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.