Q2 Earnings Forecast for Hooker Furnishings Issued By Sidoti

Hooker Furnishings Corp. (NASDAQ:HOFT) – Research analysts at Sidoti raised their Q2 2027 EPS estimates for shares of Hooker Furnishings in a research report issued to clients and investors on Friday, June 12th. Sidoti analyst A. Lebiedzinski now expects that the company will earn ($0.05) per share for the quarter, up from their previous estimate of ($0.09). The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.67 per share. Sidoti also issued estimates for Hooker Furnishings’ FY2027 earnings at $0.82 EPS.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 18th. Zacks Research upgraded shares of Hooker Furnishings from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Hooker Furnishings from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hooker Furnishings presently has an average rating of “Reduce”.

Hooker Furnishings Stock Performance

Shares of NASDAQ:HOFT opened at $16.05 on Tuesday. The company has a market capitalization of $173.02 million, a price-to-earnings ratio of -7.47, a PEG ratio of 1.64 and a beta of 1.20. Hooker Furnishings has a 12 month low of $8.61 and a 12 month high of $16.41. The firm’s 50-day moving average is $13.13 and its 200 day moving average is $12.75. The company has a current ratio of 3.37, a quick ratio of 1.60 and a debt-to-equity ratio of 0.02.

Hooker Furnishings (NASDAQ:HOFT) last issued its quarterly earnings results on Thursday, June 11th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.17. The company had revenue of $69.45 million for the quarter, compared to the consensus estimate of $66.31 million. Hooker Furnishings had a negative net margin of 7.90% and a positive return on equity of 1.59%.

Hedge Funds Weigh In On Hooker Furnishings

Hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC lifted its position in shares of Hooker Furnishings by 15.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 364,973 shares of the company’s stock worth $3,704,000 after purchasing an additional 47,559 shares during the period. Pzena Investment Management LLC lifted its position in shares of Hooker Furnishings by 4.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,416,002 shares of the company’s stock worth $14,372,000 after purchasing an additional 57,276 shares during the period. Donald Smith & CO. Inc. lifted its position in shares of Hooker Furnishings by 7.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,066,754 shares of the company’s stock worth $12,044,000 after purchasing an additional 70,681 shares during the period. Empowered Funds LLC lifted its position in shares of Hooker Furnishings by 10.6% in the 1st quarter. Empowered Funds LLC now owns 28,696 shares of the company’s stock worth $370,000 after purchasing an additional 2,747 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Hooker Furnishings in the 1st quarter worth approximately $665,000. 73.60% of the stock is currently owned by institutional investors.

Hooker Furnishings Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 19th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, June 18th. Hooker Furnishings’s dividend payout ratio is currently -21.40%.

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.