Sidoti Lowers Earnings Estimates for Hooker Furnishings

Hooker Furnishings Corp. (NASDAQ:HOFT) – Stock analysts at Sidoti reduced their Q4 2026 EPS estimates for Hooker Furnishings in a research note issued on Monday, April 6th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.08. The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.44) per share. Sidoti also issued estimates for Hooker Furnishings’ Q2 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.37 EPS and FY2027 earnings at $0.76 EPS.

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

Hooker Furnishings Price Performance

HOFT stock opened at $13.63 on Tuesday. Hooker Furnishings has a one year low of $7.34 and a one year high of $15.99. The company’s fifty day moving average price is $13.53 and its 200-day moving average price is $11.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.35 and a current ratio of 2.67. The company has a market capitalization of $146.90 million, a PE ratio of -4.85, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34.

Hedge Funds Weigh In On Hooker Furnishings

A number of institutional investors and hedge funds have recently modified their holdings of HOFT. Osaic Holdings Inc. boosted its holdings in shares of Hooker Furnishings by 940.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,400 shares of the company’s stock worth $110,000 after purchasing an additional 9,400 shares during the period. Cerity Partners LLC purchased a new position in shares of Hooker Furnishings in the 4th quarter worth approximately $117,000. Strs Ohio purchased a new position in shares of Hooker Furnishings in the 1st quarter worth approximately $124,000. LPL Financial LLC boosted its holdings in Hooker Furnishings by 16.6% during the 4th quarter. LPL Financial LLC now owns 11,684 shares of the company’s stock valued at $132,000 after acquiring an additional 1,660 shares during the period. Finally, Jane Street Group LLC purchased a new position in Hooker Furnishings during the 1st quarter valued at $146,000. Hedge funds and other institutional investors own 73.60% of the company’s stock.

Hooker Furnishings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.115 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.4%. Hooker Furnishings’s payout ratio is -16.37%.

Hooker Furnishings Company Profile

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.