Q2 Earnings Forecast for Hooker Furnishings Issued By Sidoti

Hooker Furnishings Corp. (NASDAQ:HOFT) – Equities research analysts at Sidoti decreased their Q2 2027 earnings per share estimates for shares of Hooker Furnishings in a research report issued to clients and investors on Friday, April 17th. Sidoti analyst A. Lebiedzinski now forecasts that the company will earn ($0.04) per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.70 per share. Sidoti also issued estimates for Hooker Furnishings’ Q3 2027 earnings at $0.39 EPS.

Hooker Furnishings (NASDAQ:HOFT) last released its earnings results on Thursday, April 16th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $66.98 million during the quarter, compared to analysts’ expectations of $74.89 million. Hooker Furnishings had a negative return on equity of 0.71% and a negative net margin of 8.84%.

HOFT has been the subject of a number of other research reports. Zacks Research upgraded Hooker Furnishings from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Hooker Furnishings in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hooker Furnishings presently has a consensus rating of “Reduce”.

Hooker Furnishings Price Performance

HOFT stock opened at $13.19 on Tuesday. The stock has a 50-day moving average price of $13.45 and a two-hundred day moving average price of $11.85. The stock has a market cap of $142.19 million, a PE ratio of -5.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34. The company has a current ratio of 3.37, a quick ratio of 1.35 and a debt-to-equity ratio of 0.02. Hooker Furnishings has a 1 year low of $8.46 and a 1 year high of $15.99.

Hedge Funds Weigh In On Hooker Furnishings

Hedge funds have recently modified their holdings of the stock. Cerity Partners LLC bought a new position in Hooker Furnishings during the fourth quarter worth about $117,000. Osaic Holdings Inc. grew its holdings in Hooker Furnishings by 940.0% during the second quarter. Osaic Holdings Inc. now owns 10,400 shares of the company’s stock worth $110,000 after purchasing an additional 9,400 shares during the period. LPL Financial LLC grew its holdings in Hooker Furnishings by 16.6% during the fourth quarter. LPL Financial LLC now owns 11,684 shares of the company’s stock worth $132,000 after purchasing an additional 1,660 shares during the period. Strs Ohio bought a new position in Hooker Furnishings during the first quarter worth about $124,000. Finally, Jane Street Group LLC bought a new position in Hooker Furnishings during the first quarter worth about $146,000. Institutional investors own 73.60% of the company’s stock.

Hooker Furnishings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.115 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.46 annualized dividend and a dividend yield of 3.5%. Hooker Furnishings’s dividend payout ratio (DPR) is presently -18.11%.

About Hooker Furnishings

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.