Sidoti Csr Lowers Earnings Estimates for Hooker Furnishings

Hooker Furnishings Co. (NASDAQ:HOFTFree Report) – Equities research analysts at Sidoti Csr decreased their FY2025 EPS estimates for Hooker Furnishings in a research note issued on Monday, January 27th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of ($0.44) 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:HOFTGet Free Report) last posted its quarterly earnings data 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 Hooker Furnishings from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th.

Check Out Our Latest Stock Analysis on HOFT

Hooker Furnishings Trading Down 2.3 %

NASDAQ HOFT opened at $12.96 on Wednesday. The business’s fifty day moving average is $15.19 and its 200-day moving average is $15.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.16 and a quick ratio of 1.76. The stock has a market capitalization of $138.80 million, a price-to-earnings ratio of -14.24 and a beta of 1.26. Hooker Furnishings has a one year low of $12.74 and a one year high of $25.80.

Institutional Investors Weigh In On Hooker Furnishings

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its stake in Hooker Furnishings by 1.1% during the third quarter. Pzena Investment Management LLC now owns 1,286,381 shares of the company’s stock worth $23,258,000 after acquiring an additional 13,524 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hooker Furnishings by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 241,310 shares of the company’s stock worth $4,364,000 after buying an additional 2,493 shares during the last quarter. State Street Corp raised its position in shares of Hooker Furnishings by 4.9% in the 3rd quarter. State Street Corp now owns 172,370 shares of the company’s stock worth $3,116,000 after purchasing an additional 8,117 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in Hooker Furnishings during the 4th quarter valued at about $1,893,000. Finally, Foundry Partners LLC increased its stake in Hooker Furnishings by 22.0% during the 3rd quarter. Foundry Partners LLC now owns 86,155 shares of the company’s stock valued at $1,558,000 after purchasing an additional 15,550 shares in the last quarter. 73.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Paulette Garafalo sold 2,489 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $17.10, for a total transaction of $42,561.90. Following the sale, the director now owns 20,783 shares in the company, valued at approximately $355,389.30. This trade represents a 10.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Hooker Furnishings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, December 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.10%. Hooker Furnishings’s dividend payout ratio (DPR) is -101.10%.

About Hooker Furnishings

(Get Free Report)

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.

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Earnings History and Estimates for Hooker Furnishings (NASDAQ:HOFT)

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