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Hooker Furniture Corp. (NASDAQ:HOFT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $18.10 target price on the stock. Zacks‘ price target indicates a potential upside of 21.07% from the company’s current price.

Hooker Furniture Corp. (NASDAQ:HOFT) traded up 0.27% during mid-day trading on Tuesday, hitting $14.99. The stock had a trading volume of 8,829 shares. Hooker Furniture Corp. has a one year low of $13.35 and a one year high of $18.31. The stock has a 50-day moving average of $16.07 and a 200-day moving average of $15.81. The company has a market cap of $160.8 million and a price-to-earnings ratio of 16.78.

Hooker Furniture Corp. (NASDAQ:HOFT) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company had revenue of $59.10 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts predict that Hooker Furniture Corp. will post $0.76 earnings per share for the current fiscal year.

Hooker Furniture Corporation (NASDAQ:HOFT) is a home furnishings marketing and logistics company offering worldwide sourcing of residential casegoods and upholstery, as well as domestically-produced custom leather and fabric upholstery.

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