Q2 EPS Estimate for Hooker Furnishings Decreased by Analyst

Hooker Furnishings Corp. (NASDAQ:HOFT) – Investment analysts at Sidoti dropped their Q2 2027 earnings per share (EPS) estimates for Hooker Furnishings in a research note issued to investors on Friday, April 17th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of ($0.04) for the quarter, down from their prior estimate of $0.05. The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.70 per share. Sidoti also issued estimates for Hooker Furnishings’ Q3 2027 earnings at $0.39 EPS.

Hooker Furnishings (NASDAQ:HOFT) last released its quarterly earnings results on Thursday, April 16th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Hooker Furnishings had a negative return on equity of 0.69% and a negative net margin of 8.84%.The business had revenue of $66.98 million during the quarter, compared to analysts’ expectations of $74.89 million.

A number of other research analysts have also recently issued reports on the company. Wall Street Zen raised Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Research raised Hooker Furnishings from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hooker Furnishings in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hooker Furnishings currently has an average rating of “Reduce”.

Hooker Furnishings Stock Performance

Hooker Furnishings stock opened at $12.94 on Tuesday. The stock has a 50-day simple moving average of $13.47 and a 200 day simple moving average of $11.82. The company has a quick ratio of 1.35, a current ratio of 2.67 and a debt-to-equity ratio of 0.02. Hooker Furnishings has a 12-month low of $8.46 and a 12-month high of $15.99. The stock has a market capitalization of $139.49 million, a price-to-earnings ratio of -5.09, a P/E/G ratio of 1.29 and a beta of 1.34.

Hooker Furnishings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 16th. Hooker Furnishings’s payout ratio is currently -18.11%.

Institutional Trading of Hooker Furnishings

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in Hooker Furnishings by 4.2% during the 3rd quarter. Pzena Investment Management LLC now owns 1,416,002 shares of the company’s stock worth $14,372,000 after purchasing an additional 57,276 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in Hooker Furnishings by 7.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,066,754 shares of the company’s stock worth $12,044,000 after purchasing an additional 70,681 shares during the last quarter. Vanguard Group Inc. raised its holdings in Hooker Furnishings by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 595,587 shares of the company’s stock worth $6,045,000 after purchasing an additional 4,138 shares during the last quarter. Azarias Capital Management L.P. raised its holdings in Hooker Furnishings by 33.6% during the 3rd quarter. Azarias Capital Management L.P. now owns 473,179 shares of the company’s stock worth $4,803,000 after purchasing an additional 118,989 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Hooker Furnishings by 35.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,761 shares of the company’s stock worth $4,141,000 after purchasing an additional 95,127 shares during the last quarter. 73.60% of the stock is owned by institutional investors.

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.