Sidoti Predicts Reduced Earnings for Hooker Furnishings

Hooker Furnishings Corp. (NASDAQ:HOFT) – Research analysts at Sidoti lowered their FY2026 earnings per share (EPS) estimates for Hooker Furnishings in a research report issued to clients and investors on Monday, April 6th. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn ($0.37) per share for the year, down from their prior forecast of ($0.34). The consensus estimate for Hooker Furnishings’ current full-year earnings is ($0.44) per share. Sidoti also issued estimates for Hooker Furnishings’ Q1 2027 earnings at ($0.04) EPS.

HOFT has been the subject of a number of other research reports. Zacks Research raised Hooker Furnishings from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen raised Hooker Furnishings from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Hooker Furnishings in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Hooker Furnishings Price Performance

Shares of Hooker Furnishings stock opened at $13.20 on Wednesday. The business has a 50 day simple moving average of $13.53 and a two-hundred day simple moving average of $11.62. Hooker Furnishings has a 12 month low of $7.34 and a 12 month high of $15.99. The stock has a market capitalization of $142.30 million, a P/E ratio of -4.70, a PEG ratio of 1.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.67 and a quick ratio of 1.35.

Hooker Furnishings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given 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 3.5%. Hooker Furnishings’s dividend payout ratio is -16.37%.

Institutional Investors Weigh In On Hooker Furnishings

Large investors have recently made changes to their positions in the stock. Cerity Partners LLC purchased a new stake in shares of Hooker Furnishings in the fourth quarter valued at approximately $117,000. Osaic Holdings Inc. grew its position in shares of Hooker Furnishings by 940.0% in the second quarter. Osaic Holdings Inc. now owns 10,400 shares of the company’s stock valued at $110,000 after purchasing an additional 9,400 shares in the last quarter. LPL Financial LLC grew its position in shares of Hooker Furnishings by 16.6% in the fourth quarter. LPL Financial LLC now owns 11,684 shares of the company’s stock valued at $132,000 after purchasing an additional 1,660 shares in the last quarter. Strs Ohio purchased a new stake in shares of Hooker Furnishings in the first quarter valued at approximately $124,000. Finally, Jane Street Group LLC purchased a new stake in shares of Hooker Furnishings in the first quarter valued at approximately $146,000. 73.60% of the stock is currently owned by hedge funds and other institutional investors.

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.