Q3 Earnings Forecast for Hooker Furnishings Issued By Sidoti

Hooker Furnishings Corp. (NASDAQ:HOFT) – Analysts at Sidoti reduced their Q3 2027 earnings per share estimates for Hooker Furnishings in a report released on Wednesday, October 21st. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.07 per share for the quarter, down from their prior 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.

Several other research firms have also commented on HOFT. Wall Street Zen lowered Hooker Furnishings from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Weiss Ratings lowered shares of Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, October 9th. Finally, Zacks Research cut shares of Hooker Furnishings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hooker Furnishings currently has an average rating of “Reduce”.

Hooker Furnishings Stock Up 0.2%

Shares of NASDAQ:HOFT opened at $12.77 on Friday. The business has a fifty day moving average of $13.22 and a two-hundred day moving average of $13.81. The stock has a market cap of $136.51 million, a P/E ratio of -7.56, a PEG ratio of 0.92 and a beta of 1.10. Hooker Furnishings has a 52-week low of $8.75 and a 52-week high of $18.09.

Hooker Furnishings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.1150 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.46 dividend on an annualized basis and a yield of 3.6%. Hooker Furnishings’s dividend payout ratio is currently -27.22%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its stake in 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 acquiring an additional 12,919 shares during the last quarter. Empowered Funds LLC purchased a new stake in Hooker Furnishings in the second quarter valued at $555,000. Ancora Advisors LLC acquired a new position in shares of Hooker Furnishings in the 2nd quarter valued at $1,501,000. PDT Partners LLC acquired a new position in shares of Hooker Furnishings in the 2nd quarter valued at $330,000. Finally, Donald Smith & CO. Inc. acquired a new position in shares of Hooker Furnishings in the 2nd quarter valued at $16,982,000. 73.60% of the stock is currently owned by hedge funds and other institutional investors.

About Hooker Furnishings

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.