Stanley Furniture Co. (STLY) Downgraded to Sell at TheStreet
Stanley Furniture Co. (NASDAQ:STLY) was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
Separately, Zacks Investment Research raised shares of Stanley Furniture from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 21st.
Stanley Furniture (NASDAQ:STLY) traded up 0.56% on Monday, reaching $1.79. 46,767 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $1.93 and its 200 day moving average price is $2.49. Stanley Furniture has a 12 month low of $1.66 and a 12 month high of $3.65. The company’s market cap is $26.37 million.
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Stanley Furniture (NASDAQ:STLY) last issued its earnings results on Monday, July 25th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.09. Stanley Furniture had a negative return on equity of 3.01% and a negative net margin of 2.91%. The firm earned $12.05 million during the quarter. During the same quarter last year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. On average, equities analysts expect that Stanley Furniture will post ($0.26) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Weber Alan W boosted its stake in Stanley Furniture by 0.9% in the second quarter. Weber Alan W now owns 55,500 shares of the company’s stock valued at $136,000 after buying an additional 500 shares during the period. Renaissance Technologies LLC boosted its stake in Stanley Furniture by 55.0% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $364,000 after buying an additional 48,700 shares during the period. Bridgeway Capital Management Inc. boosted its stake in Stanley Furniture by 4.4% in the second quarter. Bridgeway Capital Management Inc. now owns 176,883 shares of the company’s stock valued at $433,000 after buying an additional 7,500 shares during the period. Finally, Ancora Advisors LLC boosted its stake in Stanley Furniture by 13.1% in the second quarter. Ancora Advisors LLC now owns 387,361 shares of the company’s stock valued at $949,000 after buying an additional 45,000 shares during the period. 33.35% of the stock is currently owned by institutional investors.
Stanley Furniture Company Profile
Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.
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