Stanley Furniture Co. (NASDAQ:STLY) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Separately, Zacks Investment Research raised shares of Stanley Furniture from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st.

Shares of Stanley Furniture (NASDAQ:STLY) traded down 3.87% during trading on Monday, hitting $1.74. 30,627 shares of the stock were exchanged. The stock’s market cap is $25.63 million. The firm’s 50 day moving average price is $2.07 and its 200-day moving average price is $2.50. Stanley Furniture has a 52 week low of $1.66 and a 52 week high of $3.65.

Stanley Furniture (NASDAQ:STLY) last issued its quarterly earnings data on Monday, July 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.09. The company had revenue of $12.05 million for the quarter. Stanley Furniture had a negative net margin of 2.91% and a negative return on equity of 3.01%. The company’s revenue for the quarter was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, analysts predict that Stanley Furniture will post ($0.26) EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of STLY. Weber Alan W boosted its stake in shares of Stanley Furniture by 0.9% in the second quarter. Weber Alan W now owns 55,500 shares of the company’s stock worth $136,000 after buying an additional 500 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Stanley Furniture by 55.0% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $364,000 after buying an additional 48,700 shares during the period. Bridgeway Capital Management Inc. boosted its stake in shares of Stanley Furniture by 4.4% in the second quarter. Bridgeway Capital Management Inc. now owns 176,883 shares of the company’s stock worth $433,000 after buying an additional 7,500 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Stanley Furniture by 13.1% in the second quarter. Ancora Advisors LLC now owns 387,361 shares of the company’s stock worth $949,000 after buying an additional 45,000 shares during the period. 33.35% of the stock is currently owned by institutional investors and hedge funds.

Stanley Furniture Company Profile

Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.

5 Day Chart for NASDAQ:STLY

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