Q1 EPS Estimate for Hooker Furnishings Decreased by Analyst

Hooker Furnishings Corp. (NASDAQ:HOFT) – Research analysts at Sidoti Csr reduced their Q1 2027 earnings per share (EPS) estimates for shares of Hooker Furnishings in a report released on Friday, September 12th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.44) per share. Sidoti Csr also issued estimates for Hooker Furnishings’ Q2 2027 earnings at $0.20 EPS, Q3 2027 earnings at $0.44 EPS, Q4 2027 earnings at $0.49 EPS and FY2027 earnings at $1.22 EPS.

Hooker Furnishings (NASDAQ:HOFT) last released its earnings results on Thursday, September 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.19). Hooker Furnishings had a negative return on equity of 4.17% and a negative net margin of 3.40%.The business had revenue of $82.15 million for the quarter, compared to analyst estimates of $91.21 million. During the same quarter in the previous year, the firm posted ($0.19) EPS.

Separately, Zacks Research cut Hooker Furnishings from a “hold” rating to a “strong sell” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hooker Furnishings Stock Performance

NASDAQ HOFT opened at $10.16 on Monday. The company has a current ratio of 2.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $10.29 and its two-hundred day moving average is $10.23. Hooker Furnishings has a 12-month low of $7.34 and a 12-month high of $19.79. The stock has a market capitalization of $109.22 million, a price-to-earnings ratio of -8.40, a PEG ratio of 5.49 and a beta of 1.32.

Hooker Furnishings Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.92 annualized dividend and a dividend yield of 9.1%. Hooker Furnishings’s payout ratio is -76.03%.

Institutional Investors Weigh In On Hooker Furnishings

Several institutional investors have recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in shares of Hooker Furnishings by 2.2% during the 2nd quarter. Pzena Investment Management LLC now owns 1,358,726 shares of the company’s stock worth $14,375,000 after acquiring an additional 29,615 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Hooker Furnishings during the 2nd quarter worth approximately $3,619,000. First Eagle Investment Management LLC boosted its stake in shares of Hooker Furnishings by 35.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 317,414 shares of the company’s stock worth $3,358,000 after acquiring an additional 83,761 shares in the last quarter. RBF Capital LLC purchased a new stake in Hooker Furnishings in the 2nd quarter valued at approximately $2,807,000. Finally, Northern Trust Corp lifted its stake in Hooker Furnishings by 0.5% in the 4th quarter. Northern Trust Corp now owns 170,582 shares of the company’s stock valued at $2,390,000 after buying an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 73.60% of the company’s stock.

About Hooker Furnishings

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.