Q3 Earnings Forecast for Hooker Furnishings Issued By Sidoti

Key Points

• Sidoti sharply lowered Hooker Furnishings’ Q3 2027 EPS forecast to $0.07 from $0.37, while estimating $0.26 for Q4 2027 and $0.53 for full-year 2027.
• Analyst sentiment has weakened, with several firms downgrading the stock; MarketBeat reports an overall average rating of “Reduce.”
• Shares opened at $12.77, near the lower end of their 52-week range, while the company maintains a quarterly dividend of $0.115 per share, equivalent to a 3.6% annualized yield.

Hooker Furnishings Corp. (NASDAQ:HOFT - Free Report) - Research analysts at Sidoti cut their Q3 2027 earnings per share estimates for Hooker Furnishings in a research note issued on Wednesday, October 21st. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.37. The consensus estimate for Hooker Furnishings' current full-year earnings is $0.99 per share. Sidoti also issued estimates for Hooker Furnishings' Q4 2027 earnings at $0.26 EPS and FY2027 earnings at $0.53 EPS.

A number of other research firms have also recently weighed in on HOFT. Wall Street Zen cut shares of Hooker Furnishings from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 20th. Zacks Research lowered shares of Hooker Furnishings from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of Hooker Furnishings from a "sell (d)" rating to a "sell (d-)" rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hooker Furnishings presently has an average rating of "Reduce".

Hooker Furnishings Price Performance

Shares of NASDAQ:HOFT opened at $12.77 on Friday. The business's 50 day moving average price is $13.22 and its 200-day moving average price is $13.81. Hooker Furnishings has a 1 year low of $8.75 and a 1 year high of $18.09. The firm has a market capitalization of $136.51 million, a price-to-earnings ratio of -7.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

Hooker Furnishings Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.1150 per share. This represents a $0.46 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 15th. Hooker Furnishings's payout ratio is presently -27.22%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP grew its holdings in shares of Hooker Furnishings by 25.4% during the second quarter. Susquehanna International Group LLP now owns 63,741 shares of the company's stock worth $1,137,000 after buying an additional 12,919 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Hooker Furnishings in the second quarter valued at about $555,000. Ancora Advisors LLC purchased a new position in shares of Hooker Furnishings in the second quarter worth about $1,501,000. PDT Partners LLC purchased a new position in shares of Hooker Furnishings in the second quarter worth about $330,000. Finally, Donald Smith & CO. Inc. purchased a new position in shares of Hooker Furnishings in the second quarter worth about $16,982,000. 73.60% of the stock is owned by institutional investors and hedge funds.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation NASDAQ: HOFT is a home furnishings company headquartered in Martinsville, Virginia. The company designs, imports, manufactures, and markets furniture and related products for residential and commercial settings.

Its product portfolio includes upholstered and motion furniture, bedroom and dining furniture, home office pieces, occasional tables, outdoor furniture, and home décor. Hooker Furnishings sells products through furniture retailers, interior designers, e-commerce channels, and hospitality and contract-furnishing customers.

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