Q3 EPS Estimate for Hooker Furnishings Lowered by Analyst

Hooker Furnishings Corp. (NASDAQ:HOFTFree Report) – Investment analysts at Sidoti dropped their Q3 2027 earnings per share estimates for Hooker Furnishings in a research report issued to clients and investors on Monday, September 14th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.39. The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.77 per share. Sidoti also issued estimates for Hooker Furnishings’ Q4 2027 earnings at $0.41 EPS, FY2027 earnings at $0.99 EPS, Q1 2028 earnings at $0.20 EPS, Q2 2028 earnings at $0.20 EPS, Q3 2028 earnings at $0.47 EPS and Q4 2028 earnings at $0.52 EPS.

Several other research firms also recently weighed in on HOFT. Zacks Research downgraded Hooker Furnishings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded Hooker Furnishings from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Get Our Latest Report on Hooker Furnishings

Hooker Furnishings Stock Up 8.7%

NASDAQ:HOFT opened at $13.94 on Tuesday. The company has a market capitalization of $149.72 million, a PE ratio of -8.25, a P/E/G ratio of 1.19 and a beta of 1.14. Hooker Furnishings has a 52-week low of $8.61 and a 52-week high of $18.09. The stock’s 50 day moving average price is $14.10 and its 200 day moving average price is $13.79.

Hooker Furnishings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.115 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.46 annualized dividend and a yield of 3.3%. Hooker Furnishings’s dividend payout ratio is presently -21.40%.

Institutional Investors Weigh In On Hooker Furnishings

Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP grew its stake in shares of Hooker Furnishings by 25.4% during the 2nd quarter. Susquehanna International Group LLP now owns 63,741 shares of the company’s stock worth $1,137,000 after purchasing an additional 12,919 shares during the period. Empowered Funds LLC purchased a new stake in Hooker Furnishings during the second quarter worth about $555,000. Ancora Advisors LLC acquired a new position in Hooker Furnishings during the second quarter worth about $1,501,000. PDT Partners LLC acquired a new position in Hooker Furnishings during the second quarter worth about $330,000. Finally, Donald Smith & CO. Inc. purchased a new position in Hooker Furnishings in the second quarter valued at about $16,982,000. 73.60% of the stock is currently owned by hedge funds and other institutional investors.

About Hooker Furnishings

(Get Free Report)

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.

Recommended Stories

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

Receive News & Ratings for Hooker Furnishings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furnishings and related companies with MarketBeat.com's FREE daily email newsletter.