Hooker Furnishings (NASDAQ:HOFT) Cut to “Buy” at Wall Street Zen

Posted by Francis Steltz on Aug 4th, 2026

Wall Street Zen downgraded shares of Hooker Furnishings (NASDAQ:HOFT – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Several other equities research analysts 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 cut shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on HOFT

Hooker Furnishings Stock Performance

Hooker Furnishings stock opened at $14.93 on Friday. The company has a market capitalization of $160.38 million, a P/E ratio of -6.94, a PEG ratio of 1.30 and a beta of 1.11. Hooker Furnishings has a fifty-two week low of $8.61 and a fifty-two week high of $18.09. The stock has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $13.79.

Hooker Furnishings (NASDAQ:HOFT – Get Free Report) last released its quarterly earnings results on Thursday, June 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.17. The firm had revenue of $69.45 million for the quarter, compared to the consensus estimate of $66.31 million. Hooker Furnishings had a positive return on equity of 1.61% and a negative net margin of 7.90%. As a group, analysts forecast that Hooker Furnishings will post 0.77 earnings per share for the current year.

Hooker Furnishings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 19th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.1%. Hooker Furnishings’s dividend payout ratio (DPR) is currently -21.40%.

Institutional Trading of Hooker Furnishings

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marquette Asset Management LLC acquired a new stake in Hooker Furnishings during the 2nd quarter worth approximately $477,000. Baron Wealth Management LLC grew its stake in shares of Hooker Furnishings by 38.3% in the 2nd quarter. Baron Wealth Management LLC now owns 22,960 shares of the company’s stock valued at $409,000 after purchasing an additional 6,364 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Hooker Furnishings by 6.0% in the first quarter. Royal Bank of Canada now owns 21,383 shares of the company’s stock valued at $276,000 after purchasing an additional 1,218 shares during the period. Empowered Funds LLC increased its holdings in shares of Hooker Furnishings by 10.6% in the first quarter. Empowered Funds LLC now owns 28,696 shares of the company’s stock valued at $370,000 after purchasing an additional 2,747 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Hooker Furnishings during the first quarter worth approximately $665,000. 73.60% of the stock is 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.