Sidoti Csr Predicts Weaker Earnings for Hooker Furnishings

Hooker Furnishings Co. (NASDAQ:HOFT) – Equities research analysts at Sidoti Csr decreased their FY2025 earnings per share estimates for shares of Hooker Furnishings in a note issued to investors on Monday, January 27th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of ($0.44) per share for the year, down from their previous estimate of ($0.37). The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.37) per share.

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

Hooker Furnishings Price Performance

Shares of HOFT opened at $13.27 on Wednesday. The company has a 50 day moving average of $15.28 and a two-hundred day moving average of $15.89. 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 twelve month low of $12.74 and a twelve month high of $25.80.

Hooker Furnishings (NASDAQ:HOFT) last posted its 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%.

Hooker Furnishings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.93%. The ex-dividend date was Friday, December 13th. Hooker Furnishings’s payout ratio is currently -101.10%.

Insider Buying and Selling

In other news, Director Paulette Garafalo sold 2,489 shares of Hooker Furnishings stock in a transaction on Monday, December 16th. The shares were sold at an average price of $17.10, for a total transaction of $42,561.90. Following the completion of the sale, the director now directly owns 20,783 shares in the company, valued at approximately $355,389.30. The trade was a 10.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hooker Furnishings

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOFT. Marquette Asset Management LLC increased its holdings in shares of Hooker Furnishings by 131.1% in the third quarter. Marquette Asset Management LLC now owns 19,648 shares of the company’s stock valued at $355,000 after purchasing an additional 11,145 shares during the period. Inspire Advisors LLC increased its holdings in Hooker Furnishings by 56.6% in the 3rd quarter. Inspire Advisors LLC now owns 20,534 shares of the company’s stock worth $371,000 after buying an additional 7,422 shares during the period. Copeland Capital Management LLC purchased a new position in Hooker Furnishings during the 3rd quarter worth approximately $37,000. Empowered Funds LLC lifted its stake in Hooker Furnishings by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 49,188 shares of the company’s stock valued at $889,000 after acquiring an additional 2,412 shares during the period. Finally, Baron Wealth Management LLC purchased a new stake in shares of Hooker Furnishings in the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 73.63% of the company’s stock.

Hooker Furnishings Company Profile

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.