Q3 Earnings Estimate for Hooker Furnishings Issued By Sidoti

Hooker Furnishings Corp. (NASDAQ:HOFT) – Equities researchers at Sidoti lowered their Q3 2027 earnings per share (EPS) estimates for Hooker Furnishings in a research report issued on Monday, September 14th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.39. The consensus estimate for Hooker Furnishings’ current full-year earnings is $0.77 per share. Sidoti also issued estimates for Hooker Furnishings’ Q4 2027 earnings at $0.41 EPS, FY2027 earnings at $0.99 EPS, Q1 2028 earnings at $0.20 EPS, Q2 2028 earnings at $0.20 EPS, Q3 2028 earnings at $0.47 EPS and Q4 2028 earnings at $0.52 EPS.

HOFT has been the subject of a number of other research reports. Zacks Research cut shares of Hooker Furnishings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen upgraded Hooker Furnishings from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hooker Furnishings Stock Up 8.7%

Hooker Furnishings stock opened at $13.94 on Tuesday. The firm has a market capitalization of $149.72 million, a PE ratio of -8.25, a P/E/G ratio of 1.19 and a beta of 1.14. Hooker Furnishings has a 52 week low of $8.61 and a 52 week high of $18.09. The firm’s 50-day simple moving average is $14.10 and its 200 day simple moving average is $13.79.

Institutional Trading of Hooker Furnishings

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Hooker Furnishings by 6.0% during the first quarter. Royal Bank of Canada now owns 21,383 shares of the company’s stock worth $276,000 after purchasing an additional 1,218 shares during the last quarter. Empowered Funds LLC grew its position in shares of Hooker Furnishings by 10.6% in the first quarter. Empowered Funds LLC now owns 28,696 shares of the company’s stock valued at $370,000 after purchasing an additional 2,747 shares during the period. State of Wyoming acquired a new position in Hooker Furnishings in the second quarter valued at $73,000. Baron Wealth Management LLC increased its stake in Hooker Furnishings by 38.3% in the second quarter. Baron Wealth Management LLC now owns 22,960 shares of the company’s stock valued at $409,000 after purchasing an additional 6,364 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position 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 buying an additional 12,919 shares during the period. 73.60% of the stock is owned by hedge funds and other institutional investors.

Hooker Furnishings Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.115 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.46 dividend on an annualized basis and a yield of 3.3%. Hooker Furnishings’s dividend payout ratio (DPR) is -21.40%.

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.