Sidoti Csr Has Negative Forecast for HOFT FY2025 Earnings

Hooker Furnishings Co. (NASDAQ:HOFT) – Stock analysts at Sidoti Csr dropped their FY2025 earnings per share estimates for Hooker Furnishings in a research report issued to clients and investors 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 forecast of ($0.37). The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.37) per share.

Hooker Furnishings (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.22). Hooker Furnishings had a negative net margin of 2.46% and a negative return on equity of 3.51%.

Separately, StockNews.com raised Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

Hooker Furnishings Stock Down 2.3 %

Shares of Hooker Furnishings stock opened at $12.96 on Wednesday. The firm has a market cap of $138.80 million, a PE ratio of -14.24 and a beta of 1.26. The business’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $15.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. Hooker Furnishings has a 52-week low of $12.74 and a 52-week high of $25.80.

Hooker Furnishings Announces Dividend

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

Insider Activity

In related news, Director Paulette Garafalo sold 2,489 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $17.10, for a total value of $42,561.90. Following the completion of the transaction, the director now owns 20,783 shares of the company’s stock, valued at $355,389.30. The trade was a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hooker Furnishings

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC acquired a new position in Hooker Furnishings in the 3rd quarter valued at approximately $37,000. Baron Wealth Management LLC bought a new stake in shares of Hooker Furnishings in the third quarter worth $215,000. Barclays PLC raised its position in Hooker Furnishings by 270.4% during the 3rd quarter. Barclays PLC now owns 15,463 shares of the company’s stock worth $279,000 after purchasing an additional 11,288 shares during the last quarter. HighTower Advisors LLC raised its position in Hooker Furnishings by 26.4% during the 3rd quarter. HighTower Advisors LLC now owns 19,004 shares of the company’s stock worth $344,000 after purchasing an additional 3,966 shares during the last quarter. Finally, Marquette Asset Management LLC lifted its holdings in Hooker Furnishings by 131.1% during the 3rd quarter. Marquette Asset Management LLC now owns 19,648 shares of the company’s stock worth $355,000 after buying an additional 11,145 shares during the period. Institutional investors own 73.63% 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.