Sidoti Csr Forecasts Weaker Earnings for Hooker Furnishings

Key Points

• Sidoti Csr has lowered its Q3 2026 earnings estimates for Hooker Furnishings, now predicting earnings of $0.11 per share, down from $0.13.
• Hooker Furnishings reported a net loss of ($0.29) EPS for the last quarter, missing analysts' expectations of ($0.16).
• The stock currently holds a consensus rating of "Hold" according to analysts, indicating a cautious outlook on its performance.

Hooker Furnishings Corp. (NASDAQ:HOFT - Free Report) - Investment analysts at Sidoti Csr decreased their Q3 2026 EPS estimates for Hooker Furnishings in a research note issued to investors on Tuesday, September 2nd. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.13. The consensus estimate for Hooker Furnishings' current full-year earnings is ($0.44) per share.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). Hooker Furnishings had a negative net margin of 2.95% and a negative return on equity of 3.41%. The business had revenue of $85.32 million for the quarter, compared to analysts' expectations of $88.87 million.

Separately, Zacks Research raised shares of Hooker Furnishings to a "hold" rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Hooker Furnishings Stock Up 2.2%

Shares of HOFT stock traded up $0.24 during trading hours on Wednesday, hitting $10.92. 21,781 shares of the company's stock traded hands, compared to its average volume of 27,447. The stock's fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $10.35. Hooker Furnishings has a 12-month low of $7.34 and a 12-month high of $19.79. The stock has a market cap of $116.84 million, a price-to-earnings ratio of -10.02, a PEG ratio of 6.00 and a beta of 1.32. The company has a quick ratio of 1.96, a current ratio of 3.94 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Hooker Furnishings

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in Hooker Furnishings by 225.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the company's stock worth $43,000 after purchasing an additional 2,130 shares during the period. Wells Fargo & Company MN grew its position in shares of Hooker Furnishings by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,227 shares of the company's stock valued at $87,000 after acquiring an additional 1,356 shares during the period. Osaic Holdings Inc. grew its position in shares of Hooker Furnishings by 940.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,400 shares of the company's stock valued at $110,000 after acquiring an additional 9,400 shares during the period. Strs Ohio bought a new stake in shares of Hooker Furnishings during the 1st quarter valued at $124,000. Finally, Jane Street Group LLC bought a new stake in shares of Hooker Furnishings during the 1st quarter valued at $146,000. Institutional investors own 73.60% of the company's stock.

About Hooker Furnishings

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.