Hooker Furnishings (NASDAQ:HOFT) Upgraded at Wall Street Zen

Hooker Furnishings (NASDAQ:HOFT) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts have also recently issued reports on the company. Zacks Research raised Hooker Furnishings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings cut Hooker Furnishings from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Hooker Furnishings Price Performance

Shares of HOFT stock opened at $15.35 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.37 and a quick ratio of 1.60. The firm’s 50-day moving average is $13.08 and its two-hundred day moving average is $12.69. Hooker Furnishings has a 12 month low of $8.61 and a 12 month high of $16.41. The company has a market capitalization of $165.47 million, a PE ratio of -7.14, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19.

Hooker Furnishings (NASDAQ:HOFT) last issued its earnings results on Thursday, June 11th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.17. The company had revenue of $69.45 million for the quarter, compared to the consensus estimate of $66.31 million. Hooker Furnishings had a negative net margin of 7.90% and a positive return on equity of 1.59%. Analysts predict that Hooker Furnishings will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in 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 in the last quarter. Empowered Funds LLC increased its stake in Hooker Furnishings by 10.6% during the first quarter. Empowered Funds LLC now owns 28,696 shares of the company’s stock worth $370,000 after purchasing an additional 2,747 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in Hooker Furnishings during the first quarter worth about $665,000. Gate City Capital Management LLC purchased a new stake in Hooker Furnishings during the fourth quarter worth about $2,472,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Hooker Furnishings by 35.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,761 shares of the company’s stock worth $4,141,000 after purchasing an additional 95,127 shares during the period. 73.60% of the stock is currently owned by institutional investors and hedge funds.

Hooker Furnishings News Roundup

Here are the key news stories impacting Hooker Furnishings this week:

• Positive Sentiment: Hooker Furnishings reported fiscal Q1 EPS of $0.10, beating the expected loss and improving from a prior-year loss, while revenue also came in above estimates. Hooker Furnishings Reports Profitability Despite Challenging Market Conditions
• Positive Sentiment: Management highlighted growing momentum for the Margaritaville brand, including a plan for 100 in-store galleries and 10 freestanding stores, which could support future shipments and revenue growth in fiscal 2027. Hooker Furnishings signals 100 Margaritaville in-store galleries and 10 freestanding stores as shipments build in H2 fiscal 2027
• Positive Sentiment: Analysts and market commentary noted margin improvement, cost controls, and a return to profit as signs that the company is navigating a tough environment better than expected. Hooker Furnishings’ Stellar Progress In A Rough Environment Warrants An Upgrade
• Neutral Sentiment: Shareholders re-elected the board at the annual meeting, reinforcing governance continuity but offering limited direct impact on near-term operating results. Hooker Furnishings Shareholders Reelect Board, Back Governance
• Negative Sentiment: Despite the upbeat quarter, management still described demand as cautious and challenged by a soft industry backdrop, suggesting the recovery may not be smooth. HOFT Q1 Earnings Call Flags Cautious Demand, Margaritaville Lift

Hooker Furnishings Company Profile

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.