Sidoti Predicts Reduced Earnings for Hooker Furnishings

Hooker Furnishings Corp. (NASDAQ:HOFT) – Equities research analysts at Sidoti cut their FY2026 EPS estimates for Hooker Furnishings in a note issued to investors on Monday, April 6th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of ($0.37) for the year, down from their previous estimate of ($0.34). The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.44) per share. Sidoti also issued estimates for Hooker Furnishings’ Q1 2027 earnings at ($0.04) EPS.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hooker Furnishings in a research note on Thursday, January 22nd. Zacks Research upgraded Hooker Furnishings from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Hooker Furnishings Trading Up 0.4%

NASDAQ HOFT opened at $13.25 on Wednesday. Hooker Furnishings has a 1-year low of $7.34 and a 1-year high of $15.99. The company has a current ratio of 2.67, a quick ratio of 1.35 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $142.84 million, a PE ratio of -4.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. The firm’s fifty day simple moving average is $13.53 and its 200-day simple moving average is $11.63.

Hedge Funds Weigh In On Hooker Furnishings

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOFT. Gate City Capital Management LLC acquired a new position in Hooker Furnishings during the 4th quarter worth $2,472,000. Charles Schwab Investment Management Inc. lifted its position in Hooker Furnishings by 35.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,761 shares of the company’s stock worth $4,141,000 after acquiring an additional 95,127 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Hooker Furnishings by 7.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,066,754 shares of the company’s stock worth $12,044,000 after acquiring an additional 70,681 shares during the last quarter. Cerity Partners LLC acquired a new position in Hooker Furnishings during the 4th quarter worth $117,000. Finally, LPL Financial LLC lifted its position in Hooker Furnishings by 16.6% during the 4th quarter. LPL Financial LLC now owns 11,684 shares of the company’s stock worth $132,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors and hedge funds own 73.60% of the company’s stock.

Hooker Furnishings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 16th. Hooker Furnishings’s dividend payout ratio (DPR) is -16.37%.

Trending Headlines about Hooker Furnishings

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

• Positive Sentiment: Management’s aggressive cost-cutting (a reported $25M+ initiative) has meaningfully improved EBITDA and operating cash flow, and the company is realigning its portfolio (divesting value brands) while leaning on new collections like Margaritaville that management expects will support 2027 revenue growth. Hooker Furnishings: An Upgrade Isn’t On The Table
• Neutral Sentiment: Industry context: analysts note secular shifts (digital innovation, e-commerce, demand for multifunctional furniture) that could benefit nimble players like HOFT over time — a tailwind if Hooker executes on merchandising and channel mix. 2 Furniture Stocks in Focus Despite Challenging Industry Backdrop
• Negative Sentiment: Sidoti cut multiple near‑term and medium‑term EPS estimates in its April research: Q1 2027 to ($0.04) from $0.01; FY2026 to ($0.37) from ($0.34); Q2–Q4 2026/2027 quarter estimates also trimmed; FY2027 lowered to $0.76 from $0.88. Those revisions reflect caution on near‑term demand and will likely weigh on sentiment until results or guidance confirm a durable recovery. MarketBeat HOFT overview (Sidoti note summary)

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.