Hooker Furnishings (NASDAQ:HOFT) Stock Rating Upgraded by Wall Street Zen

Posted by Geri Gentry on Sep 14th, 2026

Hooker Furnishings (NASDAQ:HOFT – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

HOFT has been the topic of several other reports. Weiss Ratings cut shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Zacks Research lowered Hooker Furnishings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hooker Furnishings has an average rating of “Reduce”.

Get Our Latest Research Report on HOFT

Hooker Furnishings Price Performance

Shares of HOFT opened at $12.83 on Friday. The company has a market capitalization of $137.79 million, a price-to-earnings ratio of -7.59, a P/E/G ratio of 1.19 and a beta of 1.14. Hooker Furnishings has a fifty-two week low of $8.61 and a fifty-two week high of $18.09. The business’s 50-day moving average is $14.15 and its 200-day moving average is $13.79.

Hooker Furnishings (NASDAQ:HOFT – Get Free Report) last posted its quarterly earnings results on Thursday, June 11th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.17. The business had revenue of $69.45 million during the quarter, compared to analysts’ expectations of $66.31 million. Hooker Furnishings had a negative net margin of 6.62% and a positive return on equity of 4.31%. Equities research analysts expect that Hooker Furnishings will post 0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hooker Furnishings

Several hedge funds have recently bought and sold shares of HOFT. Empowered Funds LLC lifted its position in shares of Hooker Furnishings by 7.2% in the first quarter. Empowered Funds LLC now owns 55,319 shares of the company’s stock worth $555,000 after buying an additional 3,696 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Hooker Furnishings in the 1st quarter valued at approximately $146,000. Strs Ohio bought a new position in shares of Hooker Furnishings in the 1st quarter valued at approximately $124,000. Marshall Wace LLP acquired a new stake in Hooker Furnishings in the 2nd quarter worth approximately $495,000. Finally, Jump Financial LLC acquired a new stake in Hooker Furnishings in the 2nd quarter worth approximately $202,000. 73.60% of the stock is owned by institutional investors and hedge funds.

Key Hooker Furnishings News

Here are the key news stories impacting Hooker Furnishings this week:

Positive Sentiment: Profitability sharply improved. Hooker reported fiscal second-quarter EPS of $0.15, versus analysts’ expected loss of $0.02 and a $0.31 loss in the year-ago quarter. The company also reported a profitable first half, signaling progress in its turnaround. Hooker Furnishings Reports Profitable Quarter and First Half
Positive Sentiment: Management highlighted potential growth initiatives. The company is launching its Margaritaville furniture line, which could help utilize fixed costs and expand its presence in higher-value categories. The earnings call also pointed to resilient operations and a developing turnaround. Hooker Furniture Earnings Call Signals Resilient Turnaround
Neutral Sentiment: Sales were broadly stable but slightly below forecasts. Quarterly revenue was $63.25 million, compared with the consensus estimate of $63.76 million. This suggests that the earnings beat was driven more by cost and margin factors than by stronger demand. Hooker Furnishings Earnings Results
Negative Sentiment: Underlying operating conditions remain challenging. Analysts noted that a $4.3 million tariff refund contributed materially to gross-profit improvement, making some of the margin recovery potentially nonrecurring. Promotional activity, weak discretionary spending and macroeconomic uncertainty continue to pressure sales volumes and profitability. Hooker Furnishings: Macro Still An Issue For Discretionary Spend

About Hooker Furnishings

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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.