According to Zacks, “Stanley Furniture Company is a designer and manufacturer of residential wood furniture exclusively targeted at the upper-medium price range. They offer diversified product lines across all major style and product categories within this price range. Their product depth and extensive style selections make them a complete wood furniture resource for retailers in its price range and allow them to respond more quickly to shifting consumer preferences. “
Separately, TheStreet upgraded shares of Stanley Furniture from a sell rating to a hold rating in a research note on Friday, August 19th.
Shares of Stanley Furniture (NASDAQ:STLY) opened at 1.78 on Tuesday. The stock has a 50 day moving average of $2.16 and a 200 day moving average of $2.52. Stanley Furniture has a 12-month low of $1.66 and a 12-month high of $3.65. The stock’s market capitalization is $26.22 million.
Stanley Furniture (NASDAQ:STLY) last issued its quarterly earnings results on Monday, July 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.09. Stanley Furniture had a negative return on equity of 3.01% and a negative net margin of 2.91%. The firm earned $12.05 million during the quarter. During the same period in the prior year, the company earned $0.09 EPS. The firm’s revenue was down 20.4% compared to the same quarter last year. Equities research analysts anticipate that Stanley Furniture will post ($0.26) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of STLY. Bridgeway Capital Management Inc. increased its position in shares of Stanley Furniture by 4.4% in the second quarter. Bridgeway Capital Management Inc. now owns 176,883 shares of the company’s stock worth $433,000 after buying an additional 7,500 shares in the last quarter. Weber Alan W boosted its stake in Stanley Furniture by 0.9% in the second quarter. Weber Alan W now owns 55,500 shares of the company’s stock worth $136,000 after buying an additional 500 shares during the last quarter. Ancora Advisors LLC boosted its stake in Stanley Furniture by 13.1% in the second quarter. Ancora Advisors LLC now owns 387,361 shares of the company’s stock worth $949,000 after buying an additional 45,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Stanley Furniture by 55.0% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $364,000 after buying an additional 48,700 shares during the last quarter. Institutional investors own 33.35% of the company’s stock.
About Stanley Furniture
Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.
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